Global e-commerce sales rise 19 percent in 2020

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The United Nations Conference on Trade and Development (UNCTAD) announced a rise in the share of global e-commerce sales.

Total retail sales increased by 19 percent in the last year 2020.

In a report issued Monday, the conference stated that isolation measures to combat the outbreak of the Coronavirus have contributed to the boom in e-commerce as a safe way to shop instead of directly visiting stores.

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The report indicated that global e-commerce sales increased by 19 percent of total retail sales in 2020, compared to 16 percent in 2019.

The report showed that e-commerce revenues reached $ 2.5 trillion last year, an increase of 22.4 percent compared to the previous year.

South Korea accounted for the largest share of sales, followed by China, Britain and the United States, respectively.