Finland Has eCommerce That is Breaking All Records
eCommerce is growing, and there is no doubt about that. With the internet, smartphones and wifi, eCommerce will only continue to grow as more people find it more convenient. Perhaps there is no better proof of this growth than in Finland. There, eCommerce has been growing rapidly and has been breaking many records.
Check Out These Resources
- Do you need a business bank account for your online business? Take a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits. [sponsored]
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- Could your online business use capital for growth? Here is a primer on revenue-based loans, and how they work.
Orders from online stores have increased there by 8.2% in the last quarter. That is up from the same period in 2016. Sales have also increased by 9.4% in the same period. This shows that eCommerce has been thriving well in that country. It will continue to do so, as the eCommerce index has gained by 8.7%.
eCommerce booms in Finland
To show how much eCommerce has grown, the Finnish postal office has delivered more than 37 million packages last year. Granted, not all of those might be derived from eCommerce, but that increase surely takes into account the contribution eCommerce has to that. This is despite pressure from foreign online retailers.
“We have worryingly followed the entry of Chinese web shops in Finland, but now it seems eCommerce in Finland has followed the growth rate really well since the statistics from Posti also includes the increased volumes of parcels from foreign web shops,” Markku Korkiakoski, Vilkas Group, CEO.
The Vilkas Group is an eCommerce solutions provider in Finland.
The entry of foreign online retailers into the country has added much to the growth of eCommerce there.
These online retailers are providing much competition on Finnish shops through their aggressive pricing schemes. In turn, this has made the Finnish eCommerce industry even more lively.
The coming years can only be better for eCommerce in the Scandinavian region as it continues to grow and more people are shopping online. What other countries might have the same eCommerce growth this 2018? Let us know your thoughts in the comment section below.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Dave Furness
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.