E-commerce spending hits $1 trillion for first time

Worldwide sales reached the milestone in 2012. New data from eMarketer estimates that e-commerce sales will grow to $1.3 trillion this year.

eMarketer

For the first time ever, worldwide e-commerce sales exceeded $1 trillion, according to new data from research firm eMarketer.

The first $1 trillion mark was reached in 2012, with sales up 21.1 percent from the previous year, according to eMarketer. The company said that it expects e-commerce sales to grow this year by 18.3 percent to end 2013 at $1.3 trillion in worldwide sales.

In addition, the company expects North America to lose its position as the leading e-commerce market to the Asia-Pacific region. Last year, Asia-Pacific's share of total e-commerce spending was 30.5 percent, just behind North America's 33.5 percent share. This year, Asia-Pacific will nab 33.4 percent of spending, followed by 31.5 percent for North America, eMarketer estimates.

Despite that, the U.S. is still the biggest e-commerce market in the world. In 2012, Americans spent $343.4 billion on digitally purchased goods. This year, eMarketer estimates that number will jump to $384.8 billion, while China is expected to land in second place with $181.6 billion in spending.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
Nissan gives new Murano bold style (pictures)
Top great space moments in 2014 (pictures)
This is it: The Audiophiliac's top in-ear headphones of 2014 (pictures)
ZTE's wallet-friendly Grand X (pictures)
Lenovo reprises clever design for the Yoga Tablet 2 (Pictures)
Top-rated reviews of the week (pictures)