Business

AliExpress and Mercado Libre generated $6.1 billion in e-commerce sales in Chile last year

The two companies accounted for 60% of the e-commerce market in Chile in 2018, said Chilean National Economic Prosecutor's Office

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  • The National Economic Prosecutor’s Office filed an investigation against Mercado Libre and Chilexpress.;
  • In its report, it provided a detailed analysis of the e-commerce market with data from 2018 and 2019.

AliExpress and Mercado Libre are leaders in Chile’s National Economic Prosecutor’s Office (FNE, in Spanish) report, according to La Tercera. According to the FNE, these two e-commerce giants generated $6.1 billion in e-commerce sales in 2019.

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The National Economic Prosecutor’s Office filed an investigation against Mercado Libre and Chilexpress. In its report, it provided a detailed analysis of the e-commerce market to date, highlighting not only the strong growth in times of COVID-19 pandemic but also a reduction in the commissions that the platforms charge their sellers.

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With data from 2018, FNE indicated that AliExpress was the leader in e-commerce in Chile, accounting for 35%-45% of the market, while Mercado Libre would have the second largest market share in the country, with 25-35%. These two accounted, then, for 60% of the e-commerce market in Chile, says the report.