Tiktok Shop Gmv In Us

TikTok Ecommerce Statistics: Shops, Products, Revenue. its launch the in September 2023, TikTok Shop been generating waves platform users sizable profits early adopter sellers. 1. TikTok Shops generated $11.09 billion gross merchandise volume (GMV) in 2023

Highlights. 150 million Americans 5 million U.S. businesses TikTok in 2023. TikTok Shop launched the United States September 2023 allowing TikTok users purchase through app. ; 81% TikTok Shop sales the U.S. health beauty products.; TikTok the 4th popular social commerce platform the U.S. 8.2% online consumers the site .

TikTok Shop's global gross merchandise (GMV) reached approximately US$32.6 billion, to video commerce analytics firm Tabcut.com.

Number products sold TikTok Shops worldwide 2024, category; Live video sales beauty products TikTok 2022-2023; Top TikTok shop product categories the U.S. 2023, sales share

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As Chinese platform, TikTok Shop established strong presence Asian countries, nearly two-thirds all TikTok Shops located there, the U.S. ranks fifth, accounting 12% the total sales. Notably, Thailand leads way the highest Gross Merchandise (GMV), reaching $3 billion, contrast the U.S .

As Bloomberg reported, TikTok plans grow TikTok Shop in U.S. $17.5 billion year, first full year. is trending significantly that — will reach than of (according TabCut, year-to-date GMV $4.6 billion).

TikTok Shop quickly a popular to shop, in Southeast Asia. to Aftership, total Gross Merchandise (GMV) sales TikTok date been $11.09 billion.GMV defined the total of merchandise sold a period a customer-to-customer (C2C) exchange site, i.e. value goods sold an eCommerce platform.

The Gross Merchandise (GMV) an important metric reflects monetary of transactions the TikTok eCommerce platform. Analyzing GMV amounts category reveals Beauty & Personal Care plays dominant role, generating highest GMV all categories. accounts 22.50% the total TikTok shop GMV.

TikTok Shops generated $11.09 billion gross merchandise volume (GMV) in 2023, beauty personal care accounting 22.5%; the U.S. alone, app generated $363 million two months launching; February 2024, TikTok Shop responsible 68.1% social shopping GMV, to report Earnest Analytics

1. TikTok Shop driving social commerce sales . Key stat: TikTok Shop sold 68.1% social shopping gross merchandise (GMV) in February 2024, the report. Livestream shopping app Whatnot captured 31% GMV, the combined GMV Instagram Checkout, Facebook Shop, Flip App amounted less 1%.