eCommerce in Latin America: the Fastest Growing Global Markets
Latin America is home to three of the fastest growing eCommerce markets in the world.
eCommerce is on the rise globally, and Latin America is one region leading the way. While some of the Central and South American e-commerce markets pale in comparison with Asian and North American markets, online sales are expected to increase 19% in the next five years (8% above the global average), bringing in projected revenue of USD 94 billion by 2022. This growth provides an opportunity for both domestic and cross-border brands and retailers exploring ecommerce business opportunities in Latin America.
Utilizing information from Global Payments Inc., we’ve created a useful infographic on LATAM eCommerce trends and projections.
The infographic includes:
- eCommerce growth in Latin America (LATAM) by country
- Top eCommerce segments
- Consumer spending in Latin America (LATAM) by country
Click to enlarge
For more information on how to get your eCommerce fulfillment started in Latin America, check out our Latin America Solutions Overview Video, our Colombia fulfillment center, or our Mexico fulfillment center.
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Kiana Mueller is a Marketing Specialist at Ingram Micro Commerce & Lifecycle Services focusing on marketing communications, product support, and demand generation. She is passionate about the ecommerce and logistics industry and enjoys learning and sharing valuable insights with our customers. In her free time, Kiana enjoys traveling and country western dancing.