Research by Admitad, a Dubai-based partner marketing platform, shows that online sales in the Middle East and North Africa saw explosive growth during Ramadan 2024, with e-commerce transactions increasing by 23% over last year and the website's total transaction volume (GMV) increasing by 13%.
The foreign trade e-commerce market in the Middle East has become one of the fastest growing markets in the world. According to a report released by Dubai South E-commerce Zone in 2023, from 2018 to 2022, the scale of foreign trade e-commerce in the Middle East and North Africa has grown at a compound annual growth rate of 32%. By 2022, the total scale of the foreign trade e-commerce market reached US$37 billion, an increase of 14% over the previous year. It is egypt whatsapp number database expected that the annual compound growth rate will reach 11% from 2022 to 2026, and the market size will reach US$57 billion by 2026. By then, the foreign trade e-commerce economy will occupy 8.3% of the market share in the business of the Middle East and North Africa.
The support of government policies, the increasing penetration of the Internet and smartphones, and people's preference for the convenience of online shopping are all factors driving the rapid growth of the foreign trade e-commerce market in the Middle East.