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E-commerce in Venezuela grows 84% through September
E-commerce in Venezuela grew 84% at the close of September 2026 compared with the same period a year earlier, according to a report by the newspaper Descifrado based on data from the Venezuelan Chamber of Electronic Commerce (Cavecom-e).
E-commerce in Venezuela grew 84% at the close of September 2026 compared with the same period a year earlier, according to a report by the newspaper Descifrado based on data from the Venezuelan Chamber of Electronic Commerce (Cavecom-e). The trade group expects activity to pick up further during the last quarter of the year.
The performance of the digital sector seeks to sustain the momentum recorded the previous year, when e-commerce rose 125%, a figure above the regional average of 20%, according to information published by Descifrado. In light of this trend, the trade group supports a legislative proposal under debate in the National Assembly to regulate the digital economy.
This operational growth coincides with the widespread use of digital payment methods in the national economy. According to data published by El Nacional, the mobile payment system accounts for 63% of financial transactions in Venezuela and is projected to reach a cumulative volume of $70 billion by the end of the year. In the official market, the exchange rate set by the Central Bank of Venezuela for October 19, 2026, stood at 881.07 bolívares per dollar.
On the macroeconomic front, the International Monetary Fund projects inflation in Venezuela at 387.4% for 2026, after recording 252.0% in 2025 and 49.4% in 2024. The agency's estimates foresee the price indicator reaching 94.4% in 2027.
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