UAE Becomes The Fastest-Growing E-Commerce Market In 2022, Expected To Surpass $8 Billion In Online Sales

by Ishita Agarwal
UAE Becomes The Fastest-Growing E-Commerce Market In 2022, Expected To Surpass $8 Billion In Online Sales

E-commerce has transformed the way we buy things. Now you can make purchases with any device, and things can be delivered right where they are needed. Industries are transforming as a result of e-commerce.

As technology and digital skills have improved, the sector has become crucial for living in the 21st century. Now, the UAE has become the fastest-growing e-commerce market as global internet sales continue to grow phenomenally. 

E-Commerce Market In The UAE On Track To Surpass $8 Billion By 2025

Over $4.9 trillion in retail e-commerce transactions were made worldwide in 2021. According to Statista, it will grow by 50% over the next four years, reaching over $7.4 trillion in 2025.

Statista data shows that since 2021, the UAE’s e-commerce expenditure as a proportion of GDP has climbed by 1.10%. Soon, e-commerce will represent almost 7.0% of all retail spending. E-commerce, without question, has a huge impact on the UAE’s economy. Also, it is easy for companies to adopt it because the UAE government is providing various opportunities, especially for startups. Also, the UAE is on track to surpass $8 billion in online sales by 2025.

 E-Commerce Market
Photo Credits:

Also Read: Private Sector Employees In UAE Can Take Paid Leave On Prophet Muhammad’s Birthday

Top 10 Countries With The Fastest Growing E-Commerce Market 

South Korea and Argentina are the world’s second and third fastest growing e-commerce markets, respectively, after the United Arab Emirates. 

Countries Where Majority Of E-Commerce Market Sums Up On Mobile Devices

The Philippines stands first on Statista’s list of the top 10 countries using mobile devices to shop, with 70% of all e-commerce transactions happening on mobile devices. South Korea is ranked third with 66%, following China in the second place with 69%. 


Also Read: Dubai Metaverse Assembly Will Be Held At This Location

Lastly, customers will continue to create trends and rule the e-commerce world. Therefore businesses must always strive to surpass their expectations to remain relevant in the modern world. 

Cover Image Courtesy: Unsplash