Minister of Trade Ruhsar Pekcan unveiled Turkey's e-commerce figures for 2020 at a press conference in Ankara.
Turkey's e-commerce volume rose 66 percent y-o-y in 2020 reaching USD 32 billion. “E-commerce spending to GDP ratio reached 4.1 percent in 2020. Turkey's e-commerce volume to general trade ratio rose from 9.8 percent in 2019 to 15.7 percent in 2020," said Pekcan.
Minister Pekcan underlined that the global e-commerce volume hit USD 4.3 trillion, up by 23 percent y-o-y in 2020, and is expected to reach USD 6.5 trillion over the next three years.
Number of companies running e-commerce operations in Turkey also surged 275 percent to over 256 thousand last year and the number of orders reached 2.3 billion witnessing an increase of 68 percent.
Sectoral breakdown of online transactions in Turkey revealed that food and supermarket sectors had the sharpest increase last year with over 200 percent, followed by metallurgy and chemical with 189 percent, white goods with 129 percent, home-garden- furniture-decoration sector with 105 percent, and the flowering sector with 100 percent.