Only 17% of Cyprus businesses sell online

1 min read

In Cyprus, 17% of businesses sold online (at least 1% of total turnover), just a little under the EU average of 22%. This percentage increased by 2 percentage points from 2019.

In 2020, 22% of EU enterprises had e-commerce sales, and 19% reported that their online sales reached at least 1% of their total turnover, a one percentage point (pp) increase compared with 2019 and 6 pp up from 13% in 2010, according to Eurostat.

The steady growth in e-commerce sales in many countries was heightened by the coronavirus pandemic and movement restrictions, which led both customers and businesses to an increased interest in online sales.

Denmark recorded the highest share of enterprises selling online (e-sales of at least 1% of their total turnover) among the EU Member States with 38%, the same share as the previous year.

Ireland and Sweden came in second with 34% each, registering a 1 and 3 pp increase compared with 2019.

Belgium and Finland registered the highest increase in enterprises selling online (e-sales of at least 1% of their total turnover) in 2020, both up by 5 pp to 31% and 24%, respectively.

In contrast, Romania recorded the highest decrease, down by 6 pp to 12%, followed by Czechia (down 5 pp to 25%) and Portugal (down 4 pp to 16%).

Similar to previous years, and based on the location of the customers, it was most common to sell to clients in the own country (22% of enterprises), with sales to clients in other EU countries (9%) and the rest of the world (5%) less frequent.

Moreover, 19% of EU enterprises conducted online sales using websites or apps (web sales), either to private consumers (B2C) (15%) or to business and government (B2BG) (12%), and 6% used EDI-type sales to sell mainly to their business customers.

The enterprises performed their web sales through their own website or app (17%) or through an e-commerce marketplace (8%).