unctad e-commerce index

This week's edition, held under the theme "Data and Digitalization for Development", puts a special emphasis on data and cross-border data flows, as well as the crucial role . Key findings of the UNCTAD Business-to-Consumer E-commerce Index report Netherlands topped the global B2C E-Commerce Index for the second year running. This week's edition, held under the theme "Data and Digitalization for Development", puts a special emphasis on data and cross-border data flows, as well as the crucial role . The COVID-19 pandemic has made it more urgent to ensure the countries trailing behind are able to catch up and strengthen their e-trade readiness. The index, she said, underscores the need for governments to do more to ensure more people can avail themselves of e-commerce opportunities. Downloads. The index of product complexity is based on information about the bilateral trade of 233 economies, including small islands and territories, in over 45,000 product lines . Bangladesh - Country Commercial Guide - International Trade Administration; 8. A tool included in the report is a B2C e-commerce index that allows countries to benchmark themselves against others and gauge their strengths and weaknesses in various e-commerce aspects. Global e-commerce has displayed tremendous resilience amid the major upheavals around the world due to the pandemic. About Index Index. It consists of unedited, focused and succinct research contributions on topics closely related to measuring ICT, ICT policy reviews, e-commerce legislation, and ICT and women's entrepreneurship. Traffic jam: The ugly side of Dhaka's development - The Daily Star; 9. Digital commerce in Latin America In 2019, 1.5 billion people, or approximately 27 per cent of the world's adult population, made purchases online, according to UNCTAD. UNCTAD Technical Notes on ICT for Development No. UNCTAD's eCommerce Week is the leading forum to discuss the development opportunities and challenges associated with the digital economy. With worldwide restrictions being imposed to curb infections, people limited their outside exposure even for daily necessities, which turned out to be a blessing in disguise for the e-commerce industry. The Bangladeshi industry has somewhat followed the same path registering healthy growth amidst the crisis. Existing laws including the Digital Security Act and Money Laundering Act would also be amended against fraudulent e-commerce platforms. Share of individual s using the Internet (2019 or latest) Share of individual s with an account (15+, 2017) Secure Internet servers (normaliz ed, 2019) UPU postal reliability score (2019 or latest) 2020 Index value. The average price of commodities, as measured by the UNCTAD Commodity Price Index (UCPI), decreased by 0.4 per cent from June to July 2022. The information about original data source is available only to registered users. August 17, 2021 admin Post in Webinars. Switzerland has come top for the first time in the 33-year history of IMD's World Competitiveness Ranking , in a year that reflected the impact of the COVID-19 pandemic on economic competitiveness. The purpose of this index is: UNCTAD B2C E-COMMERCE INDEX 2016 Executive Summary For the second consecutive year, Luxembourg is the top performer in the UNCTAD B2C E-commerce Index, which measures the readiness of countries to engage in online commerce. The study crunched data from seven economies of Australia, Britain, Canada, China, Singapore, South Korea and the United States representing some two-thirds of online trade. The turning point for the e-commerce sector has been induced by the dramatic shift in consumer behavior since the coronavirus outbreak. Posted on Jul 28, 2020 For the second consecutive year, the Netherlands reached the #1 position in the UNCTAD business-to-consumer (B2C) E-Commerce Index. This has led to the popularity of the cash-on-delivery model in Bangladesh, as 90% of customers are more comfortable with this method. The pandemic has forced people to shop online, which effectively removed the consumer hesitancy for e-commerce. Fuelled by the pandemic, the share of e-commerce in global retail sales increased to 17% from 14% in 2020. March 1, 2021 530 Switzerland replaced the Netherlands at the top of UNCTAD's Business-to-Consumer E-commerce Index 2020, which ranks 152 countries on their readiness to engage in online commerce, says an article published in UNCTAD. 1998 Follow us. Factors such as unregulated markets coupled with infrastructural hindrances make the economy a tough terrain for e-commerce businesses. Datos para entender el fenmeno, Citizen Participation in policy-making: internalizing externalities and preventing conflict through planning and evaluating, Governance of the Ecosystem of educational communities, https://ictlogy.net/wiki/index.php?title=UNCTAD_B2C_E-commerce_Index&oldid=6604, Soluciones a la bsqueda de problemas y estndares de facto. Shamika N. Sirimanne, director of UNCTADs division that prepares the annual index, said the global e-commerce divide remains huge. However, Bangladesh is not in a position to afford complacency as the industry is still riddled with problems on many fronts. 17 (TN/UNCTAD/ICT4D/17) 17 Feb 2021. At one point the lucrative deals with 100-150% cashback created a staggering difference between Evalys assets and liabilities. The Philippines' Tariff Commission (TC) has set a public hearing on wide ranging product categories totaling 37 tariff lines, including rice, corn, cars, motor vehicle parts, chemicals, and cement imported from Thailand which tariff concessions may be suspended in retaliation to Thailand's refusal to align the cigarette tax it imposed on Philippine tobacco. By TNW. The likes of Chaldal, the leader in the e-grocery segment, and ShopUp, a startup enabling SMEs to go online, are spearheading innovation in the e-commerce industry. UNCTAD B2C E-commerce Index headed by Luxembourg 22 Apr 2016 UNCTAD has released the 2016 B2C E-commerce Index. The index measures an economy's preparedness to support online shopping where B2C stands for Business to Consumer. Odessa Marketing Business Intelligence Automate your lease operations with Odessa's lease administration software. In July 2022, the index was 48.5 per cent higher than 12 months earlier. Countries are scored on access to secure internet servers, reliability of postal services and infrastructure, and the portion of their population that uses the internet and has an account with a financial institution or a provider of mobile money services. UNCTAD in its 2020 Business-to-Consumer (B2C) E-commerce Index identified Ghana together with three other countries, Algeria, Brazil and Lao PDR, as having made the most improvement among the 152 countries surveyed. With a 9.3% annual growth in revenue and a 72% annual growth in market size, the industry is set to reach greater heights in no time. The index consists of four indicators that are highly related to online shopping and for which there is wide country coverage (Box 1). Otherwise, their businesses and people will miss out on the opportunities offered by the digital economy, and they will be less prepared to deal with various challenges, she added. In 2018, Chinese giant Alibaba Group acquired Daraz, which worked as a gamechanger for the market leader. Okay to continue [17] Nonetheless, Bangladesh still has substantial e-commerce growth to show going into the second year of the pandemic. Enter your email address to follow this blog and receive notifications of new posts by email. Africa's e-commerce platform, Jumia, has published its first Africa e-commerce report, Jumia Africa e-Commerce Index 2021 with a Nigerian section, which leveraged data from the company's platform to illustrate the importance of shopping online in a pandemic context. UNCTAD B2C E-commerce Index 2020. Morocco - Rank Morocco - Value Netherlands topped the global B2C E-Commerce Index for the second year running. Western European countries lead in the 2021 rankings , reflecting the resilience of economies in the face of the global COVID-19 health crisis. / 46.485722N 30.743444E / 46.485722; 30.743444. . Newly Enforced Regulations: According to the Commerce Minister, the e-commerce sector would undergo future regulations to monitor the industry after the recent fraudulent incidents. The United Nations Conference on Trade and Development (UNCTAD) has ranked Ghanas economy as the fifth most prepared for e-commerce in Africa. Day 1 : April 25th, 2022. As a result, the imbalance portrayed earlier condenses. On the contrary, the reality has been different for the e-commerce industry, as it witnessed enhanced dynamism during the crisis. 2 https://globalfindex.worldbank.org. Holland again #1 in UNCTAD E-Commerce Index. Ghanas performance comes on the back of a series of government-led efforts to drive digitalisation. The countrys capital city is infamous for hosting the worlds worst traffic. Our revolutionary technology changes the way individuals and organizations discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. On the other hand, the pandemic has led to a higher tendency to save, acting as a counterweight keeping the growth leashed. The following figure summarizes the impact of Covid-19 on e-commerce goods and services of developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The United Nations Conference on Trade and Development (UNCTAD) has ranked Ghana's economy as the fifth most prepared for e-commerce in Africa. [12] According to a report by Bangladesh Bank, Evaly boasted Tk 4.04 billion of liabilities to its customers and merchants while having only Tk 651.7 million in their current assets. To overcome these problems, startups are coming up with disruptive models such as Chaldals MicroWarehouse approach. While lucrative offers from sites such as Evaly, Dhamaka, and E-orange (all running some form of Ponzi schemes) attracted temporary customers, this allowed a drop in sales for the regular e-commerce platforms such as Ajkerdeal. Taking a data-driven approach to create opportunities for growth and impact. The shift to everyday products during COVID-19, is part . UNCTAD's eCommerce Week is the leading forum to discuss the development opportunities and challenges associated with the digital economy. UNCTAD B2C E-commerce Index 2020: Spotlight on Latin America and the Caribbean - UNCTAD Technical Notes on ICT for Development No. Subscribe our newsletter to get latest market insights and updates. In terms of categories, agro-food and beverages have seen the steepest rise in terms of sales. However, due to infrastructural limitations, the market players are not being able to capitalize on them. UNCTAD eTrade readiness assessments identify weaknesses in a country's e-commerce ecosystem that need to be addressed to strengthen its capacity to fully benefit from digitalisation. Bumpy ride. 3 The Netherlands ascends to the top of the index Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. [6]. Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. Among the top 10 economies, six are European, three are from the Asia-Pacific region and one is from North America. Take Action. [9] This imbalance indicates the presence of untapped opportunities to capture across the country. [3] The growth potential is drawing a large volume of foreign direct investment as well. UNCTAD's E-Commerce Strategy status, as of December 2020 Figure 8. We will contact you very soon! Secure Internet servers (per 1 million people). Currently, e-commerce is the third-highest funded sector in terms of startup investments.[5]. 17. With such massive discounts, gift cards and offers, the catch as Evaly pointed out was longer than usual deliveries, about 45 days officially. [7] However, this is not taken into consideration for the UNCTAD index. UNCTAD's Information Economy Report UNCTAD has released the new edition for 2015 of its Information Economy Report, especially devoted to disclose the potential of e-commerce for developing countries. Based on the results in the 2019 report, Holland offers the best conditions to engage in and benefit from online retail, as was already the case . Let LeaseWave be your competitive advantage for asset and vehicle lease management. Montenegro. UNCTAD in its 2020 Business-to-Consumer (B2C) E . Tapping on the insights of corporates, government, and social enterprises, Karen Lam explores UNCTAD's Ecommerce Report through various lenses. According to the recent meeting discussing the e-commerce industry and its revised policy, there is an established urgency of creating a legal framework through a separate regulatory body and central complaint cell to ensure reliability and accountability. Spearheaded by BKash, the MFS sector in Bangladesh is showing a way around the financial inclusion challenge to the e-commerce industry. [14]. [1] Things look promising for Bangladesh, too, as the consumer behavior shifted rapidly during this time. The index scores 152 nations on their readiness for online shopping, worth an estimated US$4.4 trillion globally in 2018, up 7 percent from the previous year. From the early 2010s, the e-commerce industry of Bangladesh took off, particularly with the introduction of online banking from Bangladesh Bank. Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. Sales World Data Atlas Sources United Nations Conference on Trade and Development UNCTAD B2C E-commerce Index Country rank and value in the UNCTAD B2C E-commerce Index. In reality, it works by generating the supposed returns to the earlier investors/customers with money received from later customers. Share of Aid for Trade resources for the ICT sector, 2015-2019 Figure 9. Demand Imbalance: Although the aggregate demand for e-commerce is on the rise, there is a large disparity in terms of locations. UNCTAD is an acronym for United Nations Conference on Trade and Development. The burgeoning customers hence now have a skewed perception, regarding the reliability of these e-commerce companies. 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Ecommerce Growth Agency | We help you scale your ecommerce brand. The description is composed by our digital data assistant. Your message has been successfully sent. Our revolutionary technology changes the way individuals and organizations discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. Compared to the global engine, Bangladeshs faltering performance raises the concern on whether we are on the right track. According to the World Bank, the average traffic speed in Dhaka is 7 km/ph which is just over the average walking speed. Also headquartered in Philadelphia. The United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019 has been topped by the Netherlands for the second consecutive year. English. The overall number is increasing annually and is expected to grow further as a result of the COVID-19 pandemic. The selection of indicators for the index was made in several . The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year. In the past four years alone, the company went from dispatching 500 parcels daily to 120,000 parcels in a single day. The UNCTAD B2C E-Commerce Index - UNCTAD; 7. 1 The extent to which people shop online in UNCTAD's 2015 Information Economy Report has as its theme e-commerce for developing countries. Our website uses cookies to improve your online experience. The countrys performance meant that it emerged as the West African nation with the highest readiness to engage in and benefit from e-commerce. 21: 30. UNCTAD Ecommerce Report 2021. Credit card (% of age 15+). Despite the promising panorama offered by the e-commerce industry, many barriers stand in its way. LightCastle Analytics Wing is the research division of LightCastle Partners. Below, we discuss some pain points for the industry followed by the way forward from the challenges: High Population Density: For e-commerce businesses with central warehouses, operating in densely populated areas is a massive challenge. Log in Register Odessa 3164. Ismael Pea-Lpez, lecturer and researcherInformation Society, Digital Divide, ICT4D, http://unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=1146. Events and meetings eTrade for Women masterclass for English-speaking African countries 6 - 9 Dec 2022 Nigeria Globally, Ghana ranked 81st, having improved on the 101st position it occupied in the 2019 index. It is tasked with producing periodic reports on the different sectors of the economy, analyzing trends in markets and making methodical, thorough and intelligent analysis to improve strategy and drive business growth. Source UNCTAD, based on national statistics offices. Later, after further relaxation of restrictions on usage of credit cards for international purchases, the sector is now growing faster than ever. COVID-19 and E-commerce: Impact on Businesses and Policy . Negara-negara Eropa pun mendominasi pada 10 besar, selain Singapura dan Australia," demikian keterangan UNCTAD. Fuelled by some major shifts in consumer behavior, the industry swelled manifold. The UNCTAD B2C E -commerce Index measures an economy's preparedness to support online shopping. Previous Document. Learn how your comment data is processed. Payment Issues: The countrys low financial inclusion is a threat to the retail e-commerce industry. They were placed on your computer when you launched this website. View the Release. While 59 commercial banks in Bangladesh only account for 60% of the total population, the introduction of Agent Banking and Mobile Financial Services (MFS) has been dramatically successful to cater to the remaining 40% of the unbanked population. The recent initiatives to manufacture smartphones locally and make 4G more accessible across the country have further accelerated digital inclusion for e-commerce across the country. For further clarifications, contact here: Among top10 economies, six European,three Asia-Pacificregion fromNorth America. According to e-CAB, 80% of online shoppers are from Dhaka, Chattogram, and Gazipur. East, South & Southeast Post navigation. The UNCTAD B2C E-commerce Index measures an economy's preparedness to support online shopping. [13]. Due to low credit card penetration, cash-on-delivery is preferred by most. Suggest edits Founded. Privacy Policy, Stay up-to-date with our Thought Leadership and Insights, Bangladesh Shrimp Sector: Transitioning Towards Sustainable Growth, Monitoring, Evaluation, and Learning (MEL), Market Entry Strategy and Support Services. Africa: 30. Press Material. After that, we can see a significant increase in the usage of financial services, pharmaceutical products, and food delivery. [6] The index considers factors like internet and postal reliability to measure the readiness of an industry to adopt e-commerce. Personal savings across the country increased up to 11% from 2019, cutting down pre-pandemic spending across entertainment and leisure activities. The macroeconomic consumer behavior following the post-pandemic has also significantly been reliant on e-commerce. The B2C E-commerce index measures a countrys readiness to engage in and benefit from e-commerce. In accordance with the 'UNCTAD B2C E-COMMERCE INDEX 2020- Spotlight on Latin America and the Caribbean', India ranked 71 out of 152 countries as compared to 75 th position in 2019. From several complaints of the customers, most of the delivery delays stretched for over months, the refunds were often provided through post-dated cheques, which had to be rectified over even longer periods. For the first time, Switzerland leads the UNCTAD B2C E-commerce Index, just ahead of the Netherlands. Online business-to-consumer (B2C) sales for the world's top 13 companies stood at $2.9 trillion in 2020, UNCTAD said on Friday. Definition : Denotes the percentage of respondents who report personally using a mobile phone to pay bills or to send or receive money through a GSM Association (GSMA) Mobile Money for the Unbanked (MMU) service in the past 12 months; or receiving wages, government transfers, or payments for agricultural products through a mobile phone in the past 12 months . UNCTAD has released a catalogue that, for the first time, identifies over 45,000 potential new products with export potential that can help diversify 233 economies. Secure Internet servers (per 1 million people). Country rank and value in the UNCTAD B2C E-commerce Index. These measures include the launch of mobile money interoperability, the digital address system, and a universal QR code to facilitate digital payments. Odesa (also spelled Odessa) is the third most populous city and municipality in Ukraine and a major seaport and transport hub located in the south-west of the country, on the northwestern shore of the Black Sea. In recent times, new startups are popping up in different market segments, drawn by greater aggregate demand. [8] In such difficult terrain, delivering goods as promised is incredibly challenging. Percentage of the population having mail delivered at home. The index consists of four indicators that are highly related to online shopping and for which there is wide country coverage: account ownership at a financial institution or with a mobile-money-service provider, individuals using the Internet . UNCTAD Ecommerce Report 2021. You can change your personal cookie settings through your internet browser settings. The sector has seen strong growth in previous years, but after the emergence of the COVID-19 pandemic in 2020, growth has increased as more consumers are inclined to shop online. Top 10 developing economies in the UNCTAD B2C E-commerce index 2020, Source: UNCTAD, Feb 2021 The global retail e-commerce market, including automotive sales but excluding food and delivery services, reached US$3.9 trillion in 2020, or 17% of equivalent global retail sales, according to media investment company GroupM. About The E-Commerce Index [emailprotected], Our experts can help you solve your unique challenges. Our revolutionary technology changes the way individuals and organizations discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. The UN TAD 2 E-commerce Index 2019 Executive summary The 2019 edition of the UNCTAD Business-to-Consumer (B2C) E-commerce Index finds that the Netherlands boasts the highest readiness to engage in and benefit from e-commerce. UNCTAD B2C e-commerce index 2019. Instead of a centralized warehouse, they are capitalizing on many small warehouses spread across the city to enhance customer experience. African countries that ranked higher than Ghana were Mauritius (69th globally), South Africa (73rd), Tunisia (77th) and Algeria (80th). As a result, the e-commerce readiness of Bangladesh might be underestimated by this measure. Trade in services, 2022 Q1 The new trade in services quarterly bulletin is now available. Methodology: https://unctad.org/system/files/official-document/tn_unctad_ict4d17_en.pdf Afghanistan Albania Algeria Angola Argentina Armenia Australia Austria Azerbaijan Bahrain Even among G20 countries, the extent to which people shop online ranges from 3 percent in India to 87 percent in the United Kingdom. As mentioned earlier, the countrys under-developed payment infrastructure is a barrier to the sectors forward momentum. According to a new UNCTAD B2C E-commerce Index included in the study, the highest e-commerce readiness is found in Luxembourg, Norway and Finland. ECDE Programme team organigram, April 2021 Figure 10. 152 economies were surveyed for the 2019 index based on the following metrics: This site uses Akismet to reduce spam. To contribute to the reflection, the report introduces the new UNCTAD B2C E-commerce Index. UNCTAD B2C E-commerce Index Nigeria Rank of Nigeria fell gradually from 100 rank, 1 = highest e-commerce in 2016 to 94 rank, 1 = highest e-commerce in 2020. Faiyaz Uddin Ayeshik, Content Writer, and Kaishary Islam, Content Writer, at LightCastle Partners, have prepared the write-up. Percentage of the population having mail delivered at home. Report fraud. [2] Daraz, one of the largest market shareholders in the e-commerce of Bangladesh, is a perfect representation of the industrys growth. Odesa. After a staggering number of complaints from both merchants and customers, it was established that Evaly was indeed running a Ponzi scheme. During the pandemic, Mobile Financial Services (MFS) adoption in Bangladesh has risen to extraordinary levels to support transactions that require digital payments. https://decupletech.com/wp-content/uploads/2019/10/unctad_segment_0_x264_001.mp4, % of population aged 15+ who have an account at a financial institution or with a mobile-money-service provider, Secure Internet servers per 1 million people. The index ranks 137 countries on four indicators: 1) Internet use penetration, 2) secure servers per 1 million inhabitants, 3) credit card penetration, and 4) postal reliability. As long as this difficult terrain for e-commerce businesses continues to face these issues, keeping the excitement at subsistent levels looks like the wiser choice. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Next Document . a number of developments point to the strong rise in e-commerce in 2020," said the report by the UN Conference on Trade and Development (UNCTAD).. Although the Bangladeshi e-commerce market has registered substantial growth recently, it is still not at par with global development. However, many online vendors are not inclined to offer cash-on-delivery to customers outside Dhaka. Last month, Saudi Aramco reported $25.5bn net income in Q2 2021 . A number of developments point to the strong rise in e-commerce in 2020," said the report by the UN Conference on Trade and Development (UNCTAD). UNCTAD's B2C E-Commerce Index 2020 Source publication +2 Digital Trade in Southeast Asia: Measurements and Policy Directions Article Full-text available Nov 2021 Cassey Lee Digital trade. Eight of the top 10 countries in the index are in Europe; they include Netherlands, Switzerland, Finland, United Kingdom, Denmark, Norway, Ireland and Germany "Although it will take some time to get the full picture of the impact of COVID-19 on e-commerce.

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