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UK internet sales double to £40 billion

OUT-LAW News, 23/11/2004

The value of internet sales by UK businesses doubled to £39.5 million in 2003, from £19 billion in 2002, according to the latest experimental figures published by the Office for National Statistics.

Twelve thousand non-financial firms were questioned as part of the annual e-commerce survey, and revealed growth in the value of trade over all kinds of Information and Communication Technologies (ICT), all areas of the economy and by businesses of all sizes.

The figures show an increase in the value of internet sales to households from £6.4 billion in 2002 to £11.4 billion in 2003 – representing 29% of the total on-line sales in 2003. Internet sales to businesses dominate the figures, at 71% of the total.

In general the value of sales over the internet, almost £40 billion, accounted for 17% of sales over all kinds of ICTs in 2003, up from 10% in 2002. Internet purchases rose by 113%, from £18.7bn to £39.9bn over the same period.

Sales over non-internet ICTs, such as Electronic Data Interchange, e-mail, PC based fax and automated telephone entry, also rose, but more modestly, from £170.8 billion to £195.6 billion (15%). This represents £83 of every £100 sold over all kinds of ICTs, said the ONS.

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