Sunday, Aug 24, 2014Sunday, Aug 24, 2014
 

Global ecommerce sales topped $1.2 trillion in 2012: Study

Published on Feb 6, 2013 6:03 AM
 
Target advertises Cyber Monday sales on the company's website on Nov 26, 2012 in Chicago, Illinois. Global Internet retail sales topped US$1 trillion (S$1.23 trillion) for the first time in 2012 with the United States holding the top spot but China rising fast, a market research firm said on Tuesday. -- PHOTO: AFP

WASHINGTON (AFP) - Global Internet retail sales topped US$1 trillion (S$1.23 trillion) for the first time in 2012 with the United States holding the top spot but China rising fast, a market research firm said on Tuesday.

The report by eMarketer said ecommerce consumer sales grew 21.1 per cent to just over US$1 trillion, and are expected to grow another 18.3 per cent in 2013, fueled by strong growth in Asia.

The research firm said North America remained the top region for ecommerce in 2012 with US$364 billion in sales, up 13.9 per cent.

But for 2013, the Asia-Pacific region is likely to be number one with 30 per cent growth, which would bring the market to US$433 billion, eMarketer said.

 
If you are not a subscriber, you can get instant, unlimited access here