According to a research firm, Global Internet retail sales have topped $1 trillion for the first time in 2012. United stated is holding the top position followed by China and Asia.
The growth is expected to cross another 18.3 percent in 2013 and has grown 21.1 percent to just over a $1 trillion.
The report says that North America is at the top for e-commerce in 2012 with 13.9 percent sales higher, which is about $364 billion.
Asia-Pacific region is estimated to be number one in 2013 with a growth of 30 percent that amounts to about $433 billion, as reported by the sources. $343 billion sales were estimated by US while Japan held second place with $127 billion. Following them were Britain and China with $124 billion and $110 billion sales respectively.
In 2013, China is supposed to take a jump and may hold second position with $181 billion sales at about 65 percent.
“Average spending per user is lower in China and is set to reach just $670 this year, but the sheer growth in China’s digital buyers is staggering. The country will nearly double the number of people who buy goods online, between 2012 and 2016” says report.
The data that was presented was a combination of retail sales, travel sales and digital downloads purchased via any digital channel and did not include gambling and event tickets.