Spanish e-commerce surged in 2021 with an increased turnover that reached 14,696 million euros in the third quarter. This represents a 14.8% year-on-year growth, according to the latest data shared by the CNMCData portal. In Spain, the e-commerce business seems to be booming.
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🔥The sectors with the highest revenues were travel agencies and tour operators, with a 6.9% increase in total turnover; clothing, with a 6.5% increase; and auxiliary services in third place with a 5.5% increase. 🔥
Cross-border within the EU rules Spanish e-commerce
Looking at the numbers published by the CNMCData Portal, the majority of the online shopping registered in Spain was cross-border: 55.4% of the online shopping was done by Spanish consumers to e-commerce outside Spain. And 88.8% of these purchases from Spain to foreign countries were made in online stores located inside the European Union.
If we review it by the number of transactions, 35.1% of the total amount of purchases online done in Spain during 2021 were done to Spanish e-commerce and 64.8% to e-commerce outside Spain.
🔥44.6% of revenues in the third quarter of 2021 were destined for Spain, according to the CNMCData portal. 🔥
The Spanish e-commerce trade balance – the difference between what is bought online from abroad and what is bought online from Spain – shows a deficit of 6,490 million euros.
If we review it by the number of transactions, 35.1% of sales and purchases were in Spain and 64.8% abroad.
In total, the turnover of transactions originating in Spain and directed abroad amounted to 8,140 million euros, 16.5% more than in the third quarter of the previous year, which confirms the trend of Spanish consumers increasingly buying more online from outside Spain.