Serbian e-commerce market is growing rapidly, with Q1 sales exceeding 330 million euros!
Serbian e-commerce sales in Q1 exceeded 330 million euros
According to data from the National Bank of Serbia (NBS) obtained by BusinessDialogue, in the first quarter of 2023, there were 8.7 million dinar online shopping orders in Serbia, a strong increase of 25.76% compared to the same period last year.
Like other parts of Europe, Serbia’s e-commerce sales peaked during the outbreak of the pandemic and then slowed down. However, analysts pointed out that during this period, the country’s consumers had developed the habit of online shopping. Therefore, the e-commerce market in Serbia performed strongly in the first quarter.
In the first three months of this year, Serbia generated dinar 24 billion worth of e-commerce sales, an increase of 38.11% compared to the same period last year. On the other hand, since 2021, the country has added 752 online stores, and as of March, the total number of online stores in Serbia has reached 3,610.
In the first quarter of 2023, there were 2 million euro transactions in Serbia, a year-on-year increase of 29.96%; the total value was 96 million euros, a year-on-year increase of 36.49%. The total number of dollar transactions reached 1.5 million, a year-on-year increase of 25%; the total value was 37 million US dollars, a year-on-year increase of 8%.
- The 15,000-watt thunderbolt trademark has been revoked, and the seller has finally succeeded in appealing!
- Another cost increase! Some sellers have to pay an extra 120,000 yuan per year
- Suspension | Labor negotiations affect US West Coast ports, causing interruption in cargo operations at the ports of Los Angeles and Long Beach
According to bne IntelliNews’ calculations, the total transaction volume of these three currencies (dinar, euro, and dollar) reached as high as 336 million euros.
The data also showed that in April 2023, the popular online shopping websites in Serbia were Gigatron, Tehnomanija, and Srbotrade Apoteka, all of which saw an increase in traffic of more than 9%. The fastest-growing website in terms of traffic was Fashion and Friends, which increased by 59.8%.
It is worth noting that Ananas E-commerce, an e-commerce platform owned by Delta Holding, is actively expanding in Serbia. Nina Angelovska, the company’s international business development manager, said: “Ananas’ mission is to become the Amazon of the Balkans-bringing the online shopping experience of developed countries to the Balkans.”
BusinessDialogue learned that in order to achieve this goal, Ananas has acquired 100% equity of Grouper.mk and Paopao.mk, two online platforms, from Payten.
Editor ✎ Nicole/AMZ123
Disclaimer: This article is copyrighted by BusinessDialogue and may not be reproduced without permission.
Like what you're reading? Subscribe to our top stories.
- After details of a £1 billion bid emerged, Asos has become a takeover target
- Mid-year sales are approaching, and both China and Russia have made many efforts to ensure smooth logistics
- 2023 Middle East and Africa Beauty and Personal Care E-commerce Market Report
- The demand for tires in the Russian market has increased by 12 times, with imported tires mainly coming from China
- What are the common functions of French overseas warehouses?
- Where can I find the recycling certificate required by Alibaba International?
- Which products are suitable for French overseas warehouses?