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Is the eCommerce market growing in the USA?

14 Jul 2022 By PAYCEC

Yes. The eCommerce market in the United States is the second-largest market for eCommerce, with a revenue of $599 billion in 2021, placing it ahead of Japan behind China. The eCommerce market in the United States increased by 11% in 2021, contributing to a global growth rate of 29%.

Following a nearly 45 percent increase during the pandemic in 2020, US marketplace e-commerce sales grew only 16.7 percent in 2021, and that growth will slow to 14.8 percent this year. Sales will continue to fall through 2024, though at a much slower rate.

According to a Digital Commerce 360 review of Commerce Department data, total retail sales from all channels grew at an all-time high of 14.0 percent year over year in 2021. Last year, total spending was $4.55 trillion, up from $3.99 trillion in 2020. That year-over-year increase was over double that of the 2020s 7.2 percent and still significantly greater than 1999, which came in second with 7.3 percent.

Retailers sold more in 2020 as consumers transferred money previously spent on vacation and entertainment to the purchase of actual products. However, consumer spending momentum, aided by inflation patterns, allowed 2021 to outperform the previous year.

Is the eCommerce market growing in the USA?

Comparing growth: the eCommerce and total retail sales of the US States in alphabetical order from 2012 to 2021

Additional information: What are the benefits of starting a Business in the United States?

  • The US reputation
  • Economic conditions are favorable
  • Incentives offered by federal, state, and local governments
  • Your non-resident-owned business in the United States provides you with the same benefits and obligations as a resident-owned business
  • New market opportunities
  • Professional workers are readily available
  • Politically stable environment
  • Goods circulation
  • It's simple and fast administrative procedures and transparent legislation to start a business
  • The economy is steady and growing
  • Advancements in technology
  • Intellectual property protection

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