Electronic commerce, aka e-commerce, was introduced more than 50 years ago to share financial or business documents from one company to another. Today, with the spread of the Internet and retail giants such as eBay and Amazon, online shopping is probably what comes to mind for most people when they hear e-commerce mentioned. According to the US Census Bureau, e-commerce retail sales in 2000 were valued at $27.6 billion. By 2016, e-commerce grew more than 1,300 percent to over $390 billion.
The US Census Bureau is one of many agencies now actively tracking e-commerce transactions, particularly in the retail sector. According to the US Census Bureau:
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In 2017 retailers sales is continuing to grow. The value in December of 2016 broke a record and amounted to 484,760 million US dollars. The same tendency is characterized by retailers inventories which record value is 638,900 million US dollars (November of 2016). Motor Vehicle and Parts Dealers sector had the largest share of retail sales in 2013-2014. Its share was about 14.7 percent.