It Is Estimated That The BRIC Network Retail Volume Will Exceed $3 Trillion By 2022.

The BRICs electricity research report recently released by Ali Research Institute shows that by 2022, the number of online shopping users in BRICs (China, Brazil, India, Russia and South Africa) will rise to 1 billion 350 million, accounting for 61% of the total number of online shopping users worldwide.

Among them, Internet Retailing The total will increase to 30061 billion US dollars, accounting for 59% of the total retail sales worldwide. This indicates that nearly 6 of the world's retail sales are from BRICs. The total volume of cross-border Internet retail sales will increase to 553 billion 600 million US dollars, which will account for 41% of the total cross-border Internet retail sales worldwide.

It is worth noting that China is currently the world's largest online retail market, with 470 million Internet shopping users, and the online shopping usage rate of netizens is 63.8%. In 2016, China's network retail sales amounted to 51556 billion yuan (US $776 billion 200 million), an increase of 26.2% over the previous year.

In 2016, the scale of cross-border e-commerce spanactions in China (including B2B and online retail) reached 6 trillion yuan (US $903 billion 300 million), an increase of 25% over the same period last year, accounting for 19.5% of China's total import and export volume from 19.5% in 2015 to 24.7%.

In addition, in the BRICs, Russia's cross-border electricity supplier has been developing rapidly. In 2016, the number of online shoppers in Russia exceeded 40 million, and the utilization rate of online shopping reached 41.2%. In 2016, Russian cross-border electricity suppliers imported physical sales of $4 billion 300 million, an increase of 26.5% over 2015. Among BRICs, the cross-border e-commerce utilization of Russian online shoppers is significantly higher than that of other four countries.

India has a huge demographic dividend and huge potential. In 2016, India's netizens reached 460 million, surpassing the United States as the second largest Internet market in the world after China. In 2009, the scale of India's online retail market was only 3 billion 800 million US dollars. By 2016, it had developed rapidly to about 38 billion US dollars, with a compound annual growth rate of 39%.

58.4% of cross-border online shopping in India is completed through mobile devices such as smart phones. The development of India's electricity providers relies more on the popularity of mobile communications and mobile terminals.

Brazil is the largest electricity supplier market in Latin America. The number of online shopping users in Brazil has reached 60 million 500 thousand, and the utilization rate of Internet users has reached 43%. In 2016, Brazil consumers spent $4 billion 300 million on cross-border e-commerce platforms, an increase of 17% over 2015. Latin America is the fastest growing electricity supplier market outside the Asia Pacific region, while Brazil is the largest electricity supplier market in Latin America.

South Africa's e-commerce started late and developed rapidly. South Africa is one of the most developed countries in Africa. It has 55 million population, 28 million 580 thousand Internet users, Internet penetration rate of 52%, and Internet penetration is at the leading level in Africa. Online shopping users 17 million 100 thousand, Yantai news, second only to Nigeria, ranked second in Africa, online shopping utilization rate of 59.8%. In 2016, the retail sales of South Africa reached US $2 billion 330 million, an increase of 14.2% over the same period in 2015.

The report believes that with the improvement of the Internet infrastructure and Intelligence The application and popularization of mobile phones, the rapid growth of e-commerce in BRICs, has brought significant historical opportunities for BRICs economic and social development, and has become a new engine for BRICs development in the new era.

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