Thursday, August 11, 2022

Amazon is the fastest-growing market in Pakistan

Pakistan became the third fastest-growing market on the Amazon global marketplace in 2022, after that one year the country joined Amazon’s list of sellers. In the United States, Amazon is the most common internet retailer.

Marketplace Pulse, an e-commerce intelligence firm, says that since Amazon added Pakistan to its official list of sellers one year ago, thousands of Pakistani sellers have joined Amazon’s marketplace. The number of new Pakistani sellers on the Amazon market in 2022 puts Pakistan in third place overall. At the moment, the U.S. First and runner-up go to China.

Even though there are fewer Pakistani vendors than in the U.S. and China, this number is still higher than that of some of the most successful exporting countries in the world. For example, the United Kingdom is number four on the list, Canada is number six, and India is number eight.

The two most important industries in the country are making cotton textiles and making clothes. Together, these two industry is likely to earn the country $23 billion from exports.

In 2022, we’ll look at the top 10 countries with the most sellers on Amazon’s marketplace.

The US is number one, followed by China, Pakistan, and the UK.
5th is Turkey 6th is Canada
The 7th Vietnam 8th India
9th Brazil, 10th Japan

Pakistan’s previous federal government, which was led by the Pakistan Tehreek-e-Insaf, passed the Electronic Commerce Policy in 2019. (PTI). In 2020, the Federal Commerce Ministry. Which Abdul Razzak Dawood ran at the time. Who was a Special Assistant to the Prime Minister, began preliminary talks with Amazon.

After the negotiations went well, Amazon decided to add Pakistan as a seller country in May 2021. A little over a year later, in 2022, the number of registered sellers from Pakistan on Amazon is the third-largest in the world.

Read more: The closed caption toggle on Twitter is now available on iOS and Android

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