UNCTAD (United Nations Conference on Trade and Development) has published its analysis on electronic commerce. 2020 has been a year of great growth for e-commerce. However, not all online sectors have had the same luck, among the most affected are service platforms such as shared trips.
According to the report, online retail sales grew notably in several countries. Among them, the Republic of Korea stands out, which managed to register the highest participation with 25.9% in 2020, compared to 20.8% the previous year.
“These statistics show the growing importance of online activities. They also point out the need for countries, especially those that are developing, to have this information while they rebuild their economies after the COVID-19 pandemic “
Shamika Sirimanne, Director of Technology and Logistics, UNCTAD
Global B2C sales are led by marketplaces
Among the B2C companies that lead the world ranking are main Chinese and American companies.
The companies that have been most affected are: Airbnb (has fallen two places), Booking Holdings (has dropped six places) and Expedia (has fallen six places). This indicates that companies in the travel sector are the group that has been most affected in the pandemic.
On the other hand, these are the companies that have climbed the most positions on the list: Shopify (has climbed four places), Meituan (has climbed 3 positions) and Walmart (It has climbed four places).
Business-to-business sales dominate e-commerce
The report also estimates the value of e-commerce B2B world in 2019 that reached the $ 21.8 trillion, what represents 82% of all e-commerce. The United States continued to dominate the global e-commerce market, ahead of Japan and China.
New portal tracks COVID-19 impact on trade and development
The portal seeks to improve policymakers’ understanding of the broad impact of the pandemic and help them design appropriate recovery policies.
“As countries and the international community design recovery policies to help build resilient, more inclusive and sustainable economies, an up-to-date analysis is essential.“
“Errors from past crises, such as the 2008 financial crisis, must be avoided.”
Acting Secretary General of UNCTAD, Isabelle Durant.
According to the portal, the global economy is recovering faster than initially expected. It is projected to grow close to 5% in 2021, a growth rate not seen in more than a decade. But the recovery is uneven.
Developed countries will experience a relatively larger rebound in GDP growth than developing countries, raising concerns about the widening gap between rich and poor nations.