In the first quarter of 2022, US e-commerce sales increased by 2.4% year-on-year! A slight recovery!

It is learned that according to the latest data released by the US Department of Commerce, US e-commerce sales in the first quarter of 2022 reached approximately US$250 billion, an increase of 2.4% from the previous quarter. Overall, there has been a slight recovery.

Data shows that US e-commerce sales fell 0.7% in the fourth quarter of 2021 compared with the third quarter of 2021. Currently, the growth rate of US e-commerce sales is fluctuating.

In addition, according to data from the U.S. Department of Commerce, total U.S. retail sales in the first quarter of 2022 were approximately US$175 million, an increase of 10.5% over the same period in 2021 and 3.7% over the fourth quarter of 2021.

Data from the DOC compiled by the U.S. Census Bureau show that U.S. e-commerce sales accounted for 14.3% of total retail sales in the first quarter of 2022, down from 14.5% in the same period of 2021. Although the share has decreased, it is still very strong. The main reason for the decline in the share is that the online shopping boom has subsided and consumers have returned to physical stores.

It is understood that in 2021, the growth rate of e-commerce in the United States showed a slowing trend: in the first quarter of 2021, US e-commerce sales reached 234 billion US dollars, a year-on-year increase of 5.9%; in the second quarter of 2021, it reached 241 billion US dollars, a year-on-year increase of 2.9; and in the third quarter of 2021, it further dropped to 240 billion US dollars.

It is worth noting that in 2020, US e-commerce sales reached $790 billion, a year-on-year surge of 32%, higher than $598 billion in 2019. E-commerce accounted for 14% of total retail sales, a significant increase from 11.3% in 2019. In 2020 alone, North American e-commerce has completed two years of growth.

Obviously, in the first year of the outbreak, U.S. e-commerce experienced rapid growth. Then, as the epidemic eased and supply chain problems intensified, the growth rate of U.S. e-commerce slowed down.

Editor ✎ Nicole/

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