According to the global research report published by Cushman & Wakefield, the UK has the most developed e-commerce. The US takes the lead in the money spent in the online business while China has the most people who shop online.
On average, each American spends $1804 annually shopping online. This figures put America on top of the world in e-commerce revenue. According to Jack Ma, the founder of electronic commerce site Alibaba, the internet is expected to revolutionize the world for the next 85 years. This article has a list of the top 10 nations that shop online the most.
Although the country is 8th in the top 10 nations that spends most on the internet, it is the country with the most online shoppers in the world. Most of the Chinese population are young people and 75% of the population can access the internet. These two factors have contributed to China’s dominance in online shopping.
Germany is 5th most spending country on the internet. The country is the leading in online shopping in the European region. It is estimated that 61% of the German citizens shop online.
3. South Korea
Although South Korea doesn’t appear in the list of the top 10 countries with most online spending, still it has managed to appear in the third position of this list. Over 72% of its population have access to the internet; this has contributed to the high number of online shoppers.
India has a population of over a billion. Approximately 71% of the Indian citizens have access to the internet; this has contributed to the high numbers of online shopper from the country.
6. United Kingdom
Despite being the country with the most developed online retail shopping system, and second on the top ten most spending country on the internet, the UK didn’t make to the top 5 of this list.. All the same, over 67% of the country population has access the internet.
Ireland may seem like a small country but still it has a huge number of online shoppers. The country has a population of about 4.5 million and 66% of the population access the internet and shop online.
Turkey comes 8th with 64% of its population having access to the Internet and knowledge on how to carry out online transactions. The country has a population of around 74 million.
Taiwan has 63 percent of its population having access to the internet. There are numerous convenient stores that are located in Taiwan that are suitable for online shopping.
Finally, Indonesia closes the list of the top 10 countries with the most online shoppers. The country has 62% of its 250 million citizens having access to the internet.
Countries with the high number of the youth seem to have high access to the internet and hence more online shoppers. China is one, more than the half of its population is made up of youth and over 75% of its population have access to the internet. These two factors have contributed to the high number of people buying online in the country.
There are other countries with more online spending, but that mean they have the largest number of people shopping online. Exposure to technology also cannot be proven as one of the factors leading to a high number of people buying online; this is because Dubai, Qatar, and Saudi Arabia are more exposed to technology but still stuck to traditional way of shopping.