MercadoLibre revenue 2023, by country

MercadoLibre, Inc. generated 7.6 billion U.S. dollars in revenue in Brazil in 2023, while in Argentina, this figure stood at more than 3.2 billion U.S. dollars. In Mexico, the company’s net revenues amounted to nearly three million dollars that year. This Argentine e-commerce company is also present in Bolivia, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.

Mercado Libre’s sources of revenue are more diverse

In 2023, Brazil accounted for more than half of the company’s revenue. In the last years, the shares of Argentina and Mexico in MercadoLibre, Inc.’s net revenue distribution grew in importance. However, the presence in Brazil remains strategic – the Portuguese-speaking country was home to more than 130 million e-commerce users in 2023, according to estimates.

Mexico as a key market for Mercado Libre

The North American country is a promising market for the Argentinian company. From 2020 to 2023, Mercado Libre’s net revenue in Mexico increased fivefold. As of May 2022, mercadolibre.com.mx was the e-commerce website with the highest number of monthly visits in Mexico, followed by Amazon Mexico (amazon.com.mx) and Global (amazon.com).