By Tuba Sahin
ANKARA (AA) – The volume of e-commerce in Turkey jumped 66% year-on-year to 226.2 billion Turkish liras ($32 billion) in 2020, the country's trade minister announced Tuesday.
"E-commerce spending to gross domestic product (GDP) ratio reached 4.1% in 2020, a rise of 51.8% from a year ago," Ruhsar Pekcan told a news conference held in the capital Ankara.
Citing data from international institutions, Pekcan said the global e-commerce volume hit $4.3 trillion, up by an expected 18% in the same period.
The number of companies running e-commerce operations in Turkey also surged by 275% to 256,861 last year, an indicator of dynamic development of the sector in the country, she stressed.
"Turkey's e-commerce volume to general trade ratio rose from 9.8% in 2019 to 15.7% on average in 2020," Pekcan noted.
