Top 5 Online Marketplaces in Singapore by GMV 2023

Which eCommerce Marketplaces Are the Leaders of Singapore's Market by GMV in 2023?

In 2023, the Singapore eCommerce market witnessed a dynamic landscape with the top platforms showcasing remarkable Gross Merchandise Volume (GMV) figures. Tmall emerged as the leader in the market with a substantial GMV of US$3,178.2 million, solidifying its position as a dominant player. Following on the next position, Taobao secured the second spot with a GMV of US$3,096.1 million, demonstrating its significant market presence. Shopee also made a strong showing with a GMV of US$2,904.5 million, highlighting its popularity among consumers. Lazada and Carousell rounded out the top five with GMVs of US$1,774.1 million and US$819.1 million, respectively, showcasing their competitive positions in the market. The data underscores the intense competition and growth opportunities present in the Singapore eCommerce sector, with these top platforms driving innovation and consumer engagement to capture market share.

Main Facts: 2023's Top 5 Singapore eCommerce Marketplaces by GMV

• Market Dominance: Tmall and Taobao lead the eCommerce market in Singapore with GMVs of US$3,178.2 million and US$3,096.1 million, respectively, solidifying their position as the top players in the industry.
• Strong Competitors: Shopee closely follows with a GMV of US$2,904.5 million, demonstrating its strong presence and competition in the Singaporean eCommerce landscape.
• Rising Player: Lazada and Carousell round up the top 5 eCommerce marketplaces in Singapore with GMVs of US$1,774.1 million and US$819.1 million, respectively, showcasing their growing influence and market share in the region.