A sufficient percentage of companies in Cyprus sell on the Internet

According to data published by Eurostat, the percentage of businesses in Cyprus that sell via the Internet is higher than the EU average.

In 2021, for 19.7% of EU enterprises, e-commerce sales reached at least 1% of their total turnover, which is 0.7 percentage points higher compared to 2020.

In Cyprus, the percentage of businesses with online sales is 20.1%.

Sweden recorded the highest share of businesses selling online (online sales account for at least 1% of their total turnover) among EU members – 36.6%, followed by Denmark (35.6%) and Ireland (35.2%).

On the other hand, Luxembourg (8.6%), Romania (10.5%) and Bulgaria (11.5%) recorded the lowest shares of businesses selling online.

The highest growth of EU enterprises reporting that their sales through e-commerce reached at least 1% of total turnover in 2021 (compared to 2020) was registered in Finland (27.7%), Spain (29.5%) and Malta (30%).

Conversely, a decrease in the number of companies selling via the Internet (online sales account for at least 1% of their total turnover) was recorded in Denmark (35.6%; -2.7 percentage points), Greece and Belgium (17.0% and 28.3%, respectively; in both cases -2.3 percentage points).

19.4% of all EU businesses reported online sales using websites or apps in 2021 either to private consumers (15.6% of EU businesses) or to businesses and governments (13.1%).

A small proportion of EU enterprises used electronic data exchange sales to sell mainly to their business customers (6.0%).

Enterprises carried out sales through their own business website or application (16.6%) or through the e-commerce market (8.6%).

Based on the location of customers, companies most often sold online to customers in their own country (18.5% of EU enterprises), less often online sales to customers in other EU countries (8.1%) and the rest of the world (4.6%).