Ecommerce opportunities in Mexico

eCommerce has been growing rapidly as the years passed. Ever since the internet was created, a wide variety of online sales opportunities have been presented to our society. The number of businesses on the Internet keeps growing every day, as well as the number of people that consider online shopping the best alternative.

E-COMMERCE OPPORTUNITIES IN MEXICO ARE BECOMING GREATER EVERY DAY. PEOPLE ARE GETTING MORE CONVINCED THAT THIS IS THE BUSINESS OF THE FUTURE, AND MANY COMPANIES HAVE DECIDED TO VENTURE INTO THAT FIELD.

If you’re thinking of creating an online business, you will need to learn as much as you can about that. This article will teach you all the information you need to achieve that. Continue Reading and learn the eCommerce Mexico’s statistics that have been obtained through official studies.

Table of contents

• eCommerce beginnings in Mexico

• The value of eCommerce in Mexico

• The impact of eCommerce on Mexican society

• Most popular online commerce categories in Mexico

• The variety of payment methods on Mexico’s eCommerce

• Who regulates eCommerce in Mexico?

• Number of eCommerce users in Mexico

eCommerce beginnings in Mexico

eCommerce in Mexico started during the 90s, it began with the creation of subdomains, with the help of companies that allowed users to do online trade. From this, many online services that incentivized online sales and purchases arose.

The value of eCommerce in Mexico

As years go by and the market evolves, Mexico has increased the value of its online commerce. By 2021 the country reached a value of $401.3 billion pesos, which represents 11.3% of retailer sales. This was a 27% increase from the previous year.

To this day, Mexico has been on the top 5 list of countries with the most eCommerce retail for three consecutive years. This places it next to India, Brazil, Russia, and Argentina. It is also above-developed in markets like France, Italy, and Germany.

Nevertheless, although Mexico’s statistics have excellent development and forecast, it’s far from reaching its full potential. Countries like China, England, and South Korea are at the top of the list, with retail sales from 28.9% to 43.9%.

The impact of eCommerce on Mexican society

The impact that online sales have had on the Mexican community has been positive and apparent. Many users have shared their comfort with the benefits of online sales and purchases.

It is true that a few years ago, the level of trust users had in online sales wasn’t the best. Nevertheless, security options have increased significantly since then, contributing to the widespread of eCommerce. Research shows that 7 out of 10 Mexicans feel comfortable buying online

During 2021, online commerce increased significantly for all users, but mostly for female ones. Among the benefits highlighted by users are:

• Home Delivery.

• Saving time and money.

• Offers and discounts are not available online.

• Wider variety of products.

• Sales can be done anywhere.

Most popular online commerce categories in Mexico

If you’re thinking of creating an online eCommerce in Mexico, it’s better if you guide yourself from the statistics behind what’s purchased the most. That way, you can find out if the business idea you have could be a great competitor. The following list is based on a 2022 study of online sales made by AMVO:

• Food Delivery (72%)

• Fashion (64%)

• Electronics (55%)

• Culture (52%)

• Toys (51%)

• Personal care and beauty (49%)

• Home appliances (47%)

• Furniture and house decoration (42%)

• Sports (40%)

• Tools (40%)

• Consoles and videogames (40%)

• Office Items (39%)

• Groceries (35%)

• Pharmacy (30%)

• Children’s items (29%)

• Pets (29%)

• Drinks (25%)

• Automobile (22%)

• Musical Instruments (16%)

The variety of payment methods on Mexico’s eCommerce

Just like the rest of the world, nowadays, Mexico has witnessed a great increase in payment methods. And even though credit and debit cards are still the preferred options of Mexican users, other alternatives have started to position themselves on the market.

We’re expecting to see great advancements in the monetary field. Some businesses have started to accept payments done with crypto coins.

Who regulates eCommerce in Mexico?

eCommerce in Mexico is regulated by public and government organisms. Two of them are the “Secretaria de Economía” (Department of Economy) and the “Procuraduría Federal del consumidor” (Federal Department for the Consumers).

There’s also the Mexican Association for Online Sales (AMVO). Which is a non-profit organization whose objective is to boost eCommerce in Mexico. They offer a yearly statistic report on Mexico’s digital economy.

Number of eCommerce users in Mexico

The statistic company “Statista” published a report on April 1st, 2022, on its official website. That report estimates that by the year 2025, the number of eCommerce users could reach 78 million.

This is based on the fact that there were already 50.7 million users by 2020. Which was a 9% increment from the previous year. Likewise, the online commerce reach is expected to have a significant increase.

This is why if you’re thinking of getting into eCommerce, this is the right time to start, with the help from us truly.

You can find more information on what we do on our Behance, we will be waiting for you!