The world's top five fastest growing e-commerce countries are announced! Mexico has been on the list for three consecutive years

According to a research report by the Mexican Online Sales Association (AMVO), Mexico's e-commerce sales reached 401.3 billion pesos in 2021, a year-on-year increase of 27%. Together with India, Brazil, Russia and Argentina, they form the top five countries with the fastest e-commerce retail growth in the world.

AMVO pointed out in its research report that Mexico is one of the countries with the highest share of e-commerce retail in the entire retail channel, exceeding the world average and developed markets such as France, Germany, Italy and Brazil. And it has become the country with the fastest growth in e-commerce sales for the third consecutive year.

AMVO said that while Mexico’s e-commerce share of retail sales is much smaller than that of China, where e-commerce sales currently account for 40% of total retail transactions, Mexico is approaching developed countries such as Spain and Canada, where e-commerce adoption rates are 13%.

The association said that Mexico's strong growth is related to the participation of small and medium-sized enterprises. Today, there are more than 2 million small and medium-sized enterprises participating in e-commerce sales. From the consumer side, the market segment dominated by middle and high socioeconomic levels has included potential new customers.

The study noted that food delivery, fashion and electronics continue to lead the list of the most popular categories in the online channel. Furniture and home decoration, household appliances, sports and tools have been particularly prominent in terms of growth during 2021, while pharmacy has stabilized compared to other categories compared to the COVID-19 period, and its relevance is potential.

Editor ✎ Xiao Zhu/

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