UK Home >  OUT-LAW News >  News Archive >  2002 >  October 2002 >  UK on-line sales topped £18 billion in 2001

UK on-line sales topped £18 billion in 2001

OUT-LAW News, 10/10/2002

The UK Office for National Statistics this week released a report on UK e-commerce in 2001, valuing on-line trade at £18.4 billion for the year, excluding the financial services sector, representing 1% of the year’s total sales by non-financial sectors of the economy.

Around 12,000 businesses of all sizes were surveyed. The results show a 42% increase in on-line sales from 2000. The B2C share of on-line sales increased from 33% to 36%. Total sales to households increased by 53% between 2000 and 2001; sales to businesses increased by 36% over the same period.

Geographically, 81% of all orders were from inside the UK, 12% were from other EU countries and the remaining 7% were received from outside the EU.

Physical products accounted for 62% of sales in 2001, 35% were sales of services and 3% were sales of digitised products.

On-line spending exceeded sales. In 2001, there were £23.4 billion of on-line purchases made by firms in the non-financial sectors, 20% of suppliers being based outside the UK.

According to the Office for National Statistics, the methodology used for estimating trade in the financial sector is still under review.

See:

Disclaimer: We hope you find OUT-LAW’s content useful. It’s prepared by the lawyers at Pinsent Masons. Please remember, though, that it’s intended as general information only. It’s not legal advice. If that’s what you’re seeking, please contact us. See also: our full disclaimer

 

OUT-LAW Recommends

This week's podcast
Bribery law extended

Advert: Pinsent Masons works with forensic accountants to help you to manage the costs of litigation. Our approach is called Reaching Solutions.
UK Home | 
2010 | 
2009 | 
2008 | 
2007 | 
2006 | 
2005 | 
2004 | 
2003 | 
2002
2001 | 
2000 | 
Fun | 

 

Pinsent Masons named Legal Firm of the Year 2009 at Finance Directors' Excellence Awards

OUT-LAW star: link to the home page
Disclaimer: This was printed from OUT-LAW.COM, a service of international law firm Pinsent Masons. We hope you find this content useful. However, please note that nothing in this document constitutes specific legal advice. You should consult a suitably qualified lawyer on any specific legal problem or matter. Any questions, please email info@out-law.com.