E-commerce boom in the Czech Republic

Published: 29.08.2019 Related countries:  Czech Republic Czech Republic

According to a study from American investment bank JP Morgan the Czech Republic is the most perspective European country regarding the e-shop business.

E-commerce rise in the Czech Republic should be the highest from all European countries – the predicted growth is at 16% until 2021. Moreover, the Czechs are frequent users of cell phones for purchasing goods online – with 54% of e-shop purchases made by cell phones they are also at the top in Europe.

In the Czech Republic there is currently around 41 thousand e-shops. Last year the Czechs spent 135 billion CZK (approximately C$7,7 billion) in e-shops, which is a 17% rise from the previous year. The highest share belonged to electronics with brands Apple and Samsung (40% of all sales), however the fastest growing industry was food (with 52% rise).

Source: iDNES.cz

CzechTrade team Calgary