China will continue being the world’s top e-commerce market in 2022, with 46.3% of the country’s retail sales taking place online.
According to Insider Intelligence/eMarketer, in second place is the UK with 36.3% and then South Korea with 32.2%.
The US is only in seventh place with 16.1%, demonstrating that there is still much growth to come.
China has more than the UK and South Korea combined with a nearly $3 trillion e-commerce market in terms of total dollar amounts.
The UK is estimated to have about $246 billion in e-commerce sales and around $143 billion in South Korea.