Top 5 Countries with the Largest E-Commerce Industry

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1. China

Market Size: $2.20 trillion

China is the largest e-commerce market in the world, responsible for nearly half of global online transactions. In 2020, the country had over 710 million digital buyers, with online transactions totaling $2.29 trillion. There are predictions that China’s e-commerce market will reach $3.56 trillion by 2024. 

Major domestic platforms like Alibaba’s Taobao and Tmall, JD.com, and Pinduoduo dominate the Chinese e-commerce market but their cross-border e-commerce is also thriving as imports and exports reached $273 billion in 2021. Their “Singles Day” on November 11th is the biggest online shopping day and generates record-breaking sales.

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