MEXICO CITY, June 25 (UPI) -- Amazon is launching full online retailing in Mexico on Tuesday, according to a Mexican internet commerce group.
The U.S. based e-commerce giant currently only sells Kindle products in Mexico, but the Mexican Internet Association (AMIPCI) said during a presentation of their 2015 study of Mexican e-commerce that Amazon stands ready to expand their service to include all goods, a prospect that's been under much speculation by the local community, as it stands to revolutionize Mexican e-commerce.
Despite having over 110 million inhabitants, Mexico's e-commerce industry, composed by more than 143 companies, is small but burgeoning, with AMIPCI reporting a 34% annual growth. Amazon's electronic shipping and payment methods and the quality of customer service the company provides may aid this growth further.
AMIPCI also surveyed Mexican Internet users and found that 75% of them had made at least one online purchase in the first trimester of 2015.
Amazon has yet to release what research has led the company to expand their Mexican offerings. However, speculators claim that Mexico's proximity to the U.S. and the subsequently low import/export costs it would face may have played a role.