CNS Client: Analysis of Foreign trade market in Mexico

CNS think Mexico has long been considered a poor country, let alone a place to do business.But in fact, The size of Mexico's e-commerce has taken a qualitative leap over the past five years to become the third-largest e-commerce market in Latin America.

According to the report, amazon Mexico's annual revenue grew 106% to $502 million in 2017, surpassing MercadoLibre, which is currently the dominant E-commerce platform in Mexico with an estimated revenue of $490 million in 2017.

While Mexican ecommerce currently accounts for only 3.5 per cent of total retail sales, it is expected to grow at a compound annual rate of 25 per cent and reach close to $15bn by 2019. It is indeed a promising market for online retailers.Mobile phone usage has reached 86.7 percent in Mexico, with more than three times the purchase rate of Internet users.All these are good signals for cross-border e-commerce platforms to expand the market.

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