Tradeling observes rapid growth in the UAE’s e-commerce market

Tradeling observes rapid growth in the UAE’s e-commerce market

- The UAE e-commerce market is the 27th largest and the fastest-growing in the world

- Mobile phones are facilitating 70% of e-commerce transactions in the UAE

Dubai, UAE: Tradeling, the Middle East’s leading business-to-business (B2B) e-marketplace, has observed significant growth in the Middle East and North Africa (MENA) region’s e-commerce sector; the UAE has been a particular bright spot as major investments, acquisitions and partnerships with global companies have helped the country position its capabilities as the 27th largest in the world. Recent data shows that the UAE’s e-commerce market is projected to generate $17.2 billion in revenue by 2027 and experience an annual growth rate of 8.4% through the next four years.

E-commerce sales in the UAE were estimated to grow by an average of 23% per year between 2018 and 2022. The COVID-19 pandemic was a driving factor for this growth as it accelerated the country’s digital shift and positioned it as an e-commerce leader among Gulf Cooperation Council (GCC) countries; the UAE’s online shopping resulted in $2.6 billion in sales in 2019. Its market grew by 53% and recorded $3.9 billion in sales the following year before reaching $4.8 billion in sales in 2021 and reflecting an 84.6% increase