Turkey's e-commerce volume jumps 66 pct in 2020

ANKARA-Anadolu Agency

The volume of e-commerce in Turkey jumped 66 percent year-on-year to 226.2 billion Turkish liras ($32 billion) in 2020, the country's trade minister announced on April 6.

"E-commerce spending to gross domestic product (GDP) ratio reached 4.1 percent in 2020, a rise of 51.8 percent from a year ago," Ruhsar Pekcan told a news conference held in the capital Ankara.

Citing data from international institutions, Pekcan said the global e-commerce volume hit $4.3 trillion, up by an expected 18 percent in the same period.

The number of companies running e-commerce operations in Turkey also surged by 275 percent to 256,861 last year, an indicator of dynamic development of the sector in the country, she stressed.


"Turkey's e-commerce volume to general trade ratio rose from 9.8 percent in 2019 to 15.7 percent on average in 2020," Pekcan noted.