December 2, 2020

Mercado Libre Retail Ecommerce Sales in Latin America, 2017-2021 (billions, % change, and % of total retail ecommerce sales)

Note

Mercado Libre's geographic segments include: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, the US, and Venezuela. Data for 2017 includes Venezuela metrics up to November 30, ... 2017 due to deconsolidation.More

Methodology

The methodology for our Latin America retail ecommerce sales forecast is based on an analysis of 669 metrics from 80 sources. This analysis involves the collection of data from third-party research sources, retail industry sources, government releases covering macro-level economic conditions, and incorporates retail ecommerce sales data and revenues as reported by major online retailers in Latin America. We also incorporate relevant consumer buying trends and mobile device adoption, which play a large role in the uptake of ecommerce shopping. These forecasts are updated on a biannual basis in order to continually incorporate the latest changes and developments in the market.