GKI: Domestic online retail sales grew 16 percent last year
Domestic e-retail achieved gross annual sales of 625 billion HUF last year, which is about 16 percent higher than in 2018. Online sales represent 6.3 percent of total retail sales in Hungary, according to the survey of GKI Digital and Árukereső.
Hungarian shoppers sold more than 43 million orders to domestic e-merchants last year, and about 17 million to cross-border, mainly Chinese webshops – Madar Norbert, a senior consultant at GKI Digital described the dats of the survey in Budapest.
In 2019 Hungarian consumers made gross purchases in foreign webshops in a value of 145 billion HUF.
Related news
Shein unveils UK investment plans and launches ‘circularity fund’
Shein has pledged to invest £211m (€250m) over the next…
Read more >VIMOSZ: optimism in the tourism sector
Persisting optimism characterizes the Hungarian tourism sector, the players of…
Read more >E-commerce in Germany grows for the first time in two years
Sales in German online retail have increased slightly again for…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >