The Growing Importance of E-Commerce for Businesses Worldwide
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Selling over the Internet is becoming increasingly vital for conducting companies. Today, many businesses are “born digital,” selling exclusively online, while others combine expanding online sales with collecting orders through traditional channels, most notably over the phone or in person. Successful online retailers benefit from cost-effective and accessible ways to reach new customers, both locally and internationally. Online-only firms can also avoid the expenditures of maintaining customer-facing sales locations.
All statistics contain some degree of uncertainty due to sample and non-sampling errors.5 Furthermore, the industries and company sizes covered differ by economy, as are the scope of taxes, offers, and refunds.
Because monetary values for businesses’ e-commerce sales are not directly available for Belgium, Bulgaria, Cyprus, Italy, Ireland, where Latvia, Romania, and Sweden, UN Trade and Development estimated them by applying the published national participates of e-commerce sales in business loss from the business ICT surveys6 to business turnover from the Structural Business Statistics7 a file.
The total company turnover metric utilized in this derivation was linked as closely as feasible with the firm size (10+ employees) and industries8 covered by business ICT surveys across Europe. These estimates account for around 20-30% of the EEA total and 5-6% of the global total.
Developing economies

Limited statistics on e-commerce sales exist, particularly in emerging nations.
Of the 43 economies with accessible data, 36 are considered as developed economies. These account for 90% of GDP in industrialized countries, with the Russian Federation and the Republic of Korea being,By far the largest of the 18 major economies with incomplete data.
Seven of the 157 emerging economies, including China, Hong Kong, Indonesia, Malaysia, Singapore, Thailand, and the Philippines, have provided data on e-commerce sales by enterprises. These seven countries account for somewhat more than half of all developing economies’ GDPs.
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The Growing Importance of E-Commerce for Businesses Worldwide1
The Growing Importance of E-Commerce for Businesses Worldwide1
The economic scale of business e-commerce sales varies

Comparing the value of company e-commerce sales to GDP may help you understand their economic size. It is crucial that this not be mistaken for a GDP contribution. Statistics that aggregate up all company e-commerce sales, including those made to other businesses for use as inputs, are incompatible with the latter as it is a measure of value added.
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These have to do with goods that are ordered as inputs for the buyer’s own productive endeavors. Therefore, it is typically reasonable to assume that the ratio of total e-commerce sales to GDP would be significantly higher than the contribution of e-commerce to GDP (also known as “e-commerce value added”). However, a significant amount of extra data is needed to make the shift from e-commerce turnover to value contributed.
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Digitally ordered trade is defined as “the international sale or purchase of a good or service, conducted over the internet by methods developed specifically for the purpose of receiving or placing orders,” according to the Handbook on Measuring Digital Trade (IMF, OECD, UNCTAD, and WTO, 2023). Consequently, trade that is digitally arranged is equivalent to with global e-commerce.The Growing Importance of E-Commerce for Businesses Worldwide.
Conclusion
Since it enables companies to access new clients both locally and abroad, e-commerce has emerged as a crucial sales channel. The internet marketplace is dominated by industrialized nations, while emerging economies have enormous room to grow. Nonetheless, there are still issues, such as incomplete data, disparate economic effects, and the requirement for precise estimation of the GDP contributions of e-commerce. Â

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