Kazakh e-commerce market reaches $422.9 million

Kazakhstan’s e-commerce market volume has reached 159 billion tenge (US$422.9 million) since the beginning of the year
Kazakh e-commerce market reaches $422.9 million
17 September 12:05 2018 Print This Article

 

E-commerce, the activity of buying or selling products online, is highly competitive in the country: services market represents 71.2 billion tenge (US$189.38 million), while the commodity market figure is 88.4 billion tenge (US$ 235.13).

The number of newly-registered e-commerce entities has reached 226, with approximately 1,700 online stores. The number of customers has climbed to 1.5 million.

Electronic commerce turnover through online stores totals 98.5 billion tenge (US$261.98 million); electronic trading platforms, 57.2 billion tenge (US$152.14 million) and information and advertising electronic platforms, 3.9 billion tenge (US$10.37 million).Every Kazakh user spent approximately 54,000 tenge (US$143) in 2017, making an average of four purchases, according to the Feb. 8 survey. E-commerce worldwide is growing at a fast pace. The ten countries with the highest volume are China, the U.S., the U.K., Japan, Germany, France, South Korea, Canada, Russia and Brazil.

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