Mercado Libre proportionally increased its net revenues in Mexico and Argentina in the first half of 2023 compared to the same period in 2022.
In contrast, the company reduced this indicator in Brazil.
In the first half of the current year, Mercado Libre achieved a 33.2% year-on-year growth in consolidated net revenues, to US$6.452 billion.
Comparing both periods, of the company’s total revenues, Mexico’s coverage rose from 16.3 to 20.1 percent, Argentina’s from 23 to 23.1 percent and Brazil’s from 55.8 to 52.1 percent.
Consequently, the share of the other countries in which the company operates went from 4.9 to 4.7 percent.
Mercado Libre is the largest online commerce ecosystem in Latin America based on unique visitors and orders processed, and is present in 18 countries: Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay, Venezuela, Bolivia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and El Salvador.
Its platform is designed to provide users with a complete portfolio of services to facilitate commercial transactions both digitally and offline.
Through its e-commerce platform, Mercado Libre provides buyers and sellers with a robust and secure environment that fosters the development of a large e-commerce community in Latin America, a region with a population of more than 650 million people and one of the fastest Internet penetration and e-commerce growth rates in the world.
Mercado Libre
The company believes it offers world-class technology and business solutions that address the distinctive cultural and geographic challenges of operating a digital commerce platform in Latin America.
Thus, Mercado Libre offers its users an ecosystem of six integrated e-commerce and digital financial services: the Mercado Libre Marketplace, the Mercado Pago Fintech platform, the Mercado Envios logistics service, the Mercado Ads solution, the Mercado Libre Classifieds service and the Mercado Shops online storefront solution.
The company has a broad product assortment, with a wide range of categories such as consumer electronics, apparel and beauty, household goods, auto accessories, toys, books and entertainment, and consumer packaged goods.
