{"id":10859,"date":"2024-04-08T16:05:27","date_gmt":"2024-04-08T14:05:27","guid":{"rendered":"https://cross-border-magazine.com/cn/?p=10859"},"modified":"2024-04-08T16:05:28","modified_gmt":"2024-04-08T14:05:28","slug":"spanish-e-commerce-q3-2023","status":"publish","type":"post","link":"https://cross-border-magazine.com/cn/spanish-e-commerce-q3-2023/","title":{"rendered":"Spanish e-commerce reached 21,803 million euros invoiced during 2023 Q3"},"content":{"rendered":"\n
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Spanish e-commerce reached 21,803 million euros invoiced in Spain between July and September 2023, 15.2% more than in the same period of the previous year. This is a record figure and never before achieved for a quarter, according to data compiled by the National Markets and Competition Commission (CNMC).

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According to the data published by the CNMC, more than 385 million transactions were recorded during this period, up 15.6%. Land passenger transport led the ranking in terms of sales and purchases (7%). On the other hand, the sectors of activity with the highest revenues were travel agencies and tour operators, with 13.2% of total turnover; air transport, with 5.6% and clothing, in third place, with 5.2%.

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With respect to geographic segmentation, 44.6% of revenues in the third quarter of 2023 were destined for Spain. The remaining 55.4% corresponded to purchases originating in Spain and made abroad.

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On the other hand, the net foreign balance -the difference between what is bought from abroad to Spain and from Spain abroad- showed a deficit of 8,984 million euros.

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By number of transactions, 36.8% of purchases and sales were to Spain and 63.3% abroad. The turnover of transactions originating in Spain and directed abroad was 12,084 million euros, 20.1% more than in the previous year's third quarter. 94.1% of purchases from Spain to foreign countries were made in stores located in the European Union.

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Travel agencies and fashion remain the most profitable

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Travel agencies (10.5%) and clothing (8.0%) were the sectors with the highest turnover from Spain to foreign countries. Sales from abroad with Spain amounted to 3,100 million euros, 16.7% more than in the previous year's third quarter. The European Union accounted for 60.7% of purchases from abroad.

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Similarly, the areas of activity related to the tourism sector (which includes travel agencies, air transport, land transport, car rental and hotels) accounted for 63.6% of purchases from abroad with Spain.

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E-commerce revenues within Spain rose by 6.5% year-on-year to 6,618 million euros. In this context, travel agencies and tour operators (8.4%) led the turnover within Spain.

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Spanish e-commerce reached 21,803 million euros invoiced in Spain between July and September 2023, 15.2% more than in the same period of the previous year. This is a record figure...

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