eCommerce: Top 5 Marketplaces
Top 5 Online Marketplaces in Brazil by GMV 2023
Which marketplaces have dominated the Brazilian eCommerce market by GMV in 2023? Discover the top performers in our insightful article.
Article by Wenhui Li | June 13, 2024Top 5 Online Marketplaces in Brazil by GMV 2023
Which eCommerce Marketplaces Are the Leaders of Brazilian Market by GMV in 2023?
In 2023, the Brazilian eCommerce market witnessed a significant surge in Gross Merchandise Volume (GMV), showcasing the intense competition among the top players in the industry. Amazon emerged as the leader in the market with a remarkable GMV of US$14.6 billion, solidifying its position as a dominant force in the eCommerce landscape. Following on the next position, MercadoLibre and Magalu secured the second and third positions with GMVs of US$13.4 billion and US$7.1 billion, respectively, demonstrating their substantial market presence. Shopee and Americanas also showcased noteworthy GMVs of US$7.1 billion and US$4.5 billion, respectively, further emphasizing the diverse range of eCommerce platforms catering to the Brazilian consumer base. The data underscores the robust growth and competitiveness within the Brazilian eCommerce sector, with top players vying for market share and consumer loyalty through innovative strategies and offerings.
Main Facts: 2023's Top 5 Brazilian eCommerce Marketplaces by GMV
- Market Dominance: Amazon leads the Brazilian eCommerce market with a GMV of US$14.6 billion in 2023, showcasing its significant presence and dominance in the region.
- Close Competition: MercadoLibre and Shopee closely follow Amazon with GMVs of US$13.4 billion and US$7.1 billion respectively, highlighting the competitive landscape of the Brazilian eCommerce market.
- Rising Players: Magalu and Americanas emerge as key players in the Brazilian eCommerce market with GMVs of US$7.1 billion and US$4.5 billion, solidifying their positions among the top 5 marketplaces in the region.
Explore Our Database
Can’t get enough of eCommerce data? Find out specifics about stores, marketplaces, product categories, markets, and companies in our dedicated ranking sections. Check the links below!
Marketplace Rankings
Check our detailed marketplace rankings, categorizing both pure and hybrid marketplaces by their Gross Merchandise Value (GMV).
Related insights
Deep Dive
Top Online Pet Supplies Stores in the United Kingdom
Top Online Pet Supplies Stores in the United Kingdom
Deep Dive
Top Categories for Online Shopping in Spain: Food and Beverages Lead
Top Categories for Online Shopping in Spain: Food and Beverages Lead
Deep Dive
De Minimis Rule: How Will It Impact U.S. eCommerce Market and Consumers?
De Minimis Rule: How Will It Impact U.S. eCommerce Market and Consumers?
Deep Dive
Bill Proposes Cut to Import Tax Exemptions in the U.S.
Bill Proposes Cut to Import Tax Exemptions in the U.S.
Deep Dive
South Korea Adjusts Legal Requirements for eCommerce Marketplaces
South Korea Adjusts Legal Requirements for eCommerce Marketplaces
Back to main topics