COVID-19 Boosts World E-Commerce to $7.26 trillion

Geneva, The COVID-19 pandemic led to increase the share of retail sales via the Internet at a percentage ranging from 16 to 19% in 2020.

A United Nations Conference on Trade and Development (UNCTAD) report explained that the e-commerce jumped to $7.26 trillion last year.

South Korea ranked atop, in this regard, as its e-commerce rose by 9.25%.

The UNCTAD called on the world countries to take into consideration such leap in the e-commerce, during the economic restructuring that would follow, in the wake of the pandemic.

Source: Saudi Press Agency