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 Mercado Libre's net revenue in 2023, up from 12 percent in 2019.
Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country
Characteristic
Brazil
Argentina
Mexico
Other
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MercadoLibre. (February 23, 2024). Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. "Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country." Chart. February 23, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. (2024). Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. "Distribution of Net Revenues Generated by Mercadolibre, Inc. from 2019 to 2023, by Country." Statista, Statista Inc., 23 Feb 2024, https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre, Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country Statista, https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/ (last visited July 22, 2024)
Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2023, by country [Graph], MercadoLibre, February 23, 2024. [Online]. Available: https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/