(MENAFN- News Direct)
Detroit, MI | August 08, 2022 12:43 PM Eastern Daylight Time
Countries in Southeast Asia are experiencing serious growth in e-commerce.
E-commerce sales are expected to reach nearly $90 billion this year, up about $16 billion from last year, according to eMarketer. E-commerce in the region is projected to pass the $100 billion mark by 2023, a significant increase from $37.22 billion in 2019.
Unlike other geographies that are forecasted to experience moderate growth, Southeast Asia might witness a 20.6% increase, the largest globally. Behind Southeast Asia is Latin America, which would be the only region to hit the 20% threshold this year.
Which Countries In Particular?
E-commerce sales in four countries are projected to grow faster than in all of Southeast Asia this year, and two of them — the Philippines and…
