Electronic commerce in Spain grew by 27.2% in the second quarter of 2018 and exceeded 9,300 million | Economy

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The turnover of electronic commerce in Spain reached in the second quarter of 2018 the record figure of 9,333 million euros, which is 27.2% more than the 7,338 million euros that it entered in the same period of the previous year, according to the latest data offered by the National Commission of Markets and Competition (CNMC).

Compared to the previous quarter, sales of electronic commerce increased by 4%, since its turnover in the period between January and March last year reached 8,974 million euros.

By sectors, the industries with the highest income were travel agencies and tour operators, with 14.8% of total turnover; air transport, with 11.8%; garments, with 5.5%, and hotels and similar accommodations, with 5.1%.

On the other hand, the number of transactions recorded in the second quarter of 2018 reached 159.2 million transactions, representing a 34.8% increase compared to the 118.1 million in the same period of the previous year.

In this context, land transport of travelers and games of chance and gambling lead the ranking for sales, with 7.7% and 7% of the total, respectively. Next, the sale of discs, books, newspapers and stationery with 6% and activities attached to transport with 5.5%.

In terms of geographical segmentation, e-commerce websites in Spain accumulated 52.4% of revenues in the second quarter of 2018, of which 19.2% came from abroad, while 47.6% The remaining corresponded to purchases originating in Spain to websites abroad.

External deficit

In this context, the net external balance, the difference between what is purchased from abroad to Spanish websites and what is purchased from Spain abroad, showed a deficit of 2,652 million euros in the second quarter of last year.

Specifically, the turnover of transactions originating in Spain abroad was 4,442 million euros, 36.9% more, while sales from Spanish websites abroad reached a turnover of 1,790 million euros, 40.3% more.

Likewise, the data of the CNMC show that 93.2% of purchases from Spain abroad go to the European Union, followed by the United States (2.2%), with air transport (13.7%) , garments (6.8%) and gambling and betting (6.4%) are the sectors most in demand.

In the case of purchases made in Spain from abroad, 71.4% comes from the EU. The areas of activity related to the tourism sector (which includes the travel agencies, air transport, land transport, car rental and hotels) account for 73.6% of purchases.

On the other hand, revenues from electronic commerce within Spain increased by 10.1% year-on-year in the period between April and June, to 3,101 million euros. The tourism sector accounts for 29.3% of turnover within Spain, followed by artistic, sports and recreational shows (6.5%) and public administration, taxes and Social Security (6.2%).

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