MercadoLibre revenue share 2019-2023, by country
Mercado Libre's net revenue in 2023, up from 12 percent in 2019.
MercadoLibre, Inc. has become less reliant on the Brazilian market in terms of revenue. In 2023, Mercado Libre generated about 52.5 percent of its net revenue in Brazil, down from 63.6 percent four years earlier. Concurrently, other markets have grown in importance for the Argentine e-commerce company over the past few years. That is notably the case of Mexico, which accounted for 20.6 percent of