In recent years, the ecommerce industry has seen remarkable growth, and this trend is set to continue in the coming years. As more people shift towards online shopping, businesses have recognized the potential of the global ecommerce market to reach a wider audience and increase revenue. However, with intense competition in the industry, it is important to target the right market for success. Below we will highlight the most promising international ecommerce markets expected to be trending up in 2023, from Europe to Southeast Asia and beyond.
- Europe: the European e-commerce market was valued at €717 billion in 2020 and is expected to reach €1.1 trillion in 2023. (Source: Ecommerce Europe)
- India: India's e-commerce market was valued at $38.5 billion in 2020 and is projected to reach $100 billion by 2023. (Source: eMarketer)
- Southeast Asia: The e-commerce market in Southeast Asia was valued at $62 billion in 2020 and is projected to reach $172 billion by 2025. (Source: Google, Temasek, and Bain & Company)
- Japan: Japan's e-commerce market was valued at $80.5 billion in 2020 and is projected to reach $90.1 billion by 2023. (Source: eMarketer)
- South Korea: South Korea's e-commerce market was valued at $53.5 billion in 2020 and is projected to reach $59.5 billion by 2023. (Source: eMarketer)
- Brazil: Brazil's e-commerce market was valued at $25.7 billion in 2020 and is projected to reach $40.8 billion by 2023. (Source: Statista)
- Russia: Russia's e-commerce market was valued at $23.1 billion in 2020 and is projected to reach $30.7 billion by 2023. (Source: Statista)
- Mexico: Mexico's e-commerce market was valued at $13.3 billion in 2020 and is projected to reach $20.6 billion by 2023. (Source: eMarketer)
- Australia: Australia's e-commerce market was valued at $32.1 billion in 2020 and is projected to reach $39.8 billion by 2023. (Source: eMarketer)
- Canada: Canada's e-commerce market was valued at $22.6 billion in 2020 and is projected to reach $27.4 billion by 2023. (Source: eMarketer)
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