Latin America Ecommerce Forecast 2023: Double-Digit Gains Endure as the Regional Economy Worsens

Retail ecommerce sales in Latin America will reaccelerate this year. But with the region facing stagflation, consumers will carefully consider their purchases. Mercado Libre will dominate the region’s ecommerce market. Get our figures and expectations in our forecast.

Key Question: What’s the outlook for retail and ecommerce sales in Latin America this year and beyond, and how will macroeconomic conditions affect consumer spending at the country level?

KEY STAT: Retail ecommerce sales growth in Latin America will begin to normalize after 2020’s high double-digit gains. Sales will grow by 14.3% this year, led by a strong performance in Argentina, Mexico, and Colombia.

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