E-commerce turnover in Spain has increased in the third quarter of 2022 by 28.8% year-on-year to reach 18,933 million euros, according to the latest e-commerce data available on the CNMCData portal. This figure is again the highest reached by eCommerce in the country, beating the last record, 18,190 million euros obtained in the previous quarter.

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The sectors of activity with the highest revenues were travel agencies and tour operators, with 10.5% of total turnover; hotels, with 6.1%; and air transport, in third place, with 5.7%.

If we look at the number of transactions, more than 333 million were recorded in the third quarter of 2022, up 17.1%. Gaming and betting led the ranking by sales and purchases (7.6%).

In terms of geographic segmentation, 46.8% of revenues in the third quarter of 2022 were destined for Spain. The remaining 53.2% corresponded to purchases originating in Spain and made abroad.

The net foreign balance (the difference between what is bought from abroad to Spain and from Spain to abroad) shows a deficit of 7,407 million euros.

By the number of transactions, 38.2% of sales and purchases are destined for Spain and 61.8% abroad.

The turnover of transactions originating in Spain and directed abroad amounted to 10,063 million euros, 23.6% more than in the third quarter of the previous year. 92.6% of purchases from Spain to foreign countries were made in stores located in the European Union.

E-commerce turnover in Spain by activity 

The branches of activity with the highest volume of business from Spain to foreign countries are clothing (8.0%), services auxiliary to financial intermediation (7.1%), and hotels (6.8%).

Sales from abroad to Spain amounted to a turnover of 2,657 million euros, 61.0% more than in the third quarter of the previous year. The European Union accounted for 60.3% of purchases from abroad.

Likewise, the areas of activity related to the tourism sector (which includes travel agencies, air transport, land transport, car rental, and hotels) accounted for 63.4% of purchases from abroad with Spain.

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According to ecommercenews, the Hungarian e-commerce market showed significant growth. Online sales grew 27% compared to 2016. The share online has in total retail turnover has increased as well, with 6.2% compared to 2016. The most important product categories that generate the most turnover and traffic in Hungary are ICT, consumer electronics, clothing and sportswear, toys and gifts and home appliances. One of the popular payment methods in Hungary is cash on delivery. This is the reason a lot of online stores (+/- 73%) in Hungary offer the option to have parcels delivered by courier, which provides customers with the opportunity to pay cash on delivery.

The post E-commerce Hungary: €1.65 billion in 2017 appeared first on Cross-Border Magazine.

This turnover is 17.9% higher compared to last year. Adobe expects that American consumers will buy products worth 6,6 billion dollars during Cyber Monday. This would be 16.5% higher compared to last year.

Currently, it is unclear how many turnover has been realized in brick stores. A rise in sales is expected due to a more positive consumer confidence rate.

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