The online retail sales of BRICS(Brazil, Russia, India, China and South Africa) countries led by China and India surpassed $876 billion in 2016, in a recent report shared by China’s e-commerce giant Alibaba, today. The report was released ahead of the BRICS summit in Xiamen next week by the Ali Research Institute which is affiliated to Alibaba.
The online retail sales of BRICS countries accounted for 47% of the global total. The figure is expected to climb to 59% by 2022 as the five countries shelter great potential for e-commerce cooperation, the report stated.
Last year, BRICS countries had 1.46 billion internet users and 720 million online shoppers out of which China accounts for 731 million and India 432 million as of December last year. Russian candy and cookies, Indian handicrafts and spices, Brazilian nuts and propolis and South African grapefruit and wine were the best sellers on China’s e-commerce platforms.
According to AliExpress, an e-commerce site for cross-border exports run by Alibaba, made-in-China goods like clothes, accessories, mobile phones and electronic products were most favoured by BRICS customers, state-run Xinhua news agency reported today.
“Increasing disposable income, wide use of the Internet and improved payment and logistics services have driven the sustained and rapid development of e-commerce in the five countries,” said Ouyang Cheng from the Ali Research Institute.
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