E-commerce in Sri Lanka

Sri Lanka had an internet user base of about 6 million as of July 2016, about 28.2% of the population. ^[1] Despite being a developing country, the E-commerce industry has been receiving funding over the span of 10 years. ^[2] Market conditions in Sri Lanka are similar to those in India, as cash on delivery is the most preferred payment method. ^{[3] [4]}

According to experts, Sri Lanka’s annual domestic E-commerce sales value including services is an estimated US$40 million. This is expected to grow to US$400 million by 2022. Currently, only 0.4% of Sri Lanka’s total annual retail sales (US$10 billion) is in e-commerce. ^{[5] [6] [7]}

Government involvement

The Government of Sri Lanka has shown interest in promoting the country's e-commerce industry further. ^{[8] [9]}

See also

• E-commerce in other Asian countries:
  • E-commerce in China
  • E-commerce in India
  • E-commerce in Pakistan
  • E-commerce in Southeast Asia
• E-Commerce elsewhere in the Global South:
  • E-commerce in Mexico

References

1. "Sri Lanka: internet penetration rate 2016 | Statistic". Statista. Retrieved 2019-02-27.
2. "Better regional infrastructure, rules, mooted at Sri Lanka e-commerce meeting". www.economynext.com. Retrieved 2019-02-27.
3. "'Sri Lanka's e-commerce segment records 34% growth'". Daily News. Retrieved 2019-02-27.
4. Weerakoon, Ravidu Mario (2019-01-11). "Five Ways to Stay Ahead of Competition in Growing E-commerce Market". Entrepreneur. Retrieved 2019-02-27.
5. "SL e-commerce to hit US$ 400 mn by 2022". Daily News. Retrieved 2019-02-27.
6. "Three Reasons Why eCommerce Is The Future Of Fashion In Sri Lanka". roar.media. 2018-02-15. Retrieved 2019-02-27.
7. Hewage, Indunil. "Growth in Sri Lankan e-commerce sector - Daraz". Daily News. Retrieved 2019-02-27.
8. "Policies promoting e-commerce and digital transactions key for Sri Lanka to enter Fourth Industrial". www.dailymirror.lk. Retrieved 2019-02-27.
9. "Second dialogue on Sri Lanka e-commerce reforms opens on September 6". Adaderana Biz English | Sri Lanka Business News. 2018-09-04. Retrieved 2019-02-27.