{"id":1275,"date":"2024-07-12T07:31:00","date_gmt":"2024-07-12T07:31:00","guid":{"rendered":"https:\/\/www.yellowfalconmedia.com\/blog\/2024\/07\/12\/global-ecommerce-sales-growth-report-shopify\/"},"modified":"2024-07-12T07:31:00","modified_gmt":"2024-07-12T07:31:00","slug":"global-ecommerce-sales-growth-report-shopify","status":"publish","type":"post","link":"https:\/\/www.yellowfalconmedia.com\/blog\/2024\/07\/12\/global-ecommerce-sales-growth-report-shopify\/","title":{"rendered":"Global Ecommerce Sales Growth Report – Shopify"},"content":{"rendered":"

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Global ecommerce sales are forecast to hit $6.3 trillion in 2024. Here are some numbers that tell the story of ecommerce sales worldwide.
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With the <\/span>number of people shopping online<\/span><\/a> increasing year after year, it should come as no surprise that global ecommerce sales have also been rising.<\/span>
Here\u2019s a look at how annual ecommerce sales worldwide have risen in the past few years and are forecast to grow.<\/span>
2021<\/span>
$4.98 trillion<\/span>
2022<\/span>
$5.29 trillion<\/span>
2023<\/span>
$5.82 trillion<\/span>
2024<\/span>
$6.33 trillion<\/span>
2025<\/span>
$6.86 trillion<\/span>
2026<\/span>
$7.41 trillion<\/span>
2027<\/span>
$7.96 trillion<\/span>
Global ecommerce sales are expected to total <\/span>$6.33 trillion<\/span><\/a> worldwide in 2024. This number is expected to continue growing over the next few years, proving that the ecommerce business model is becoming an increasingly lucrative option for companies. <\/span>
2024\u2019s number also marks an 8.8% annual increase\u2014the third-fastest <\/span>global ecommerce sales growth rate<\/span><\/a> in the forecast period between 2021 and 2027.<\/span>
Online sales are expected to continue rising and take a larger piece of the retail pie. In 2025, global ecommerce sales are forecast to rise to $6.86 trillion, before adding another $550 billion in 2026, to $7.41 trillion. By 2027, it\u2019s estimated that world retail ecommerce sales will hit $7.96 trillion. <\/span>
From 2021 to 2027, annual global ecommerce sales is projected to increase by nearly $3 billion. This marks an overall increase of 59.8% and an average annual growth rate of 8.1%.<\/span>
As the world\u2019s top exporter, China is also the <\/span>world\u2019s top ecommerce market<\/span><\/a>, with total online sales exceeding the $3 trillion mark in 2023. Together with the United States, ecommerce sales from these two countries totaled more than $4.1 trillion.<\/span>
It should come as no surprise then, that some of the world\u2019s <\/span>top ecommerce companies<\/span><\/a> come from these two powerhouses. In fact, more than half of the top 10 hail from either China or the US. <\/span>
This divide between online and in-store widened significantly in 2020 in 2021 as a result of the coronavirus pandemic. In fact, experts say the pandemic accelerated the shift to online shopping by as many as <\/span>five years<\/span><\/a>.<\/span>
But that\u2019s not the only reason <\/span>ecommerce<\/span><\/a> is on the rise. <\/span>
The infiltration of mobile technology into consumers\u2019 lives has more than helped to move things along. Recent figures show the <\/span>number of people shopping online worldwide<\/span><\/a> is set to rise by 2.7% in 2024 to hit 2.71 billion. Data also shows an increasing reliance on shopping via mobile devices. In fact, <\/span>mobile commerce sales<\/span><\/a> are also set to grow. In 2024, total sales from mobile devices are projected to hit $2.5 trillion, from $2.2 trillion in 2023.<\/span>
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