Amazon have announced today the 10 US states with the fastest-growing SMEs trading on the marketplace, says study by the US Chamber of Commerce.
The report examined year-over-year (YoY) sales growth of businesses selling in Amazon’s stores across all 50 US states.
According to the report, small and medium enterprises (SMEs) in Mississippi are growing the fastest, with businesses in Nebraska, Maine, Texas, and Indiana rounding out the top five.
Third-party gross physical merchandise sales – primarily comprised of SMEs selling in Amazon stores – surpassed $160 billion in 2018 and make up more than half of the units sold in Amazon’s stores.
The top 10 states with the fastest-growing SMBs Mississippi Nebraska Maine Texas Indiana Colorado North Dakota Vermont Wisconsin Missouri
“Online selling enables rural businesses to complement their offline sales in physical stores by reaching customers they wouldn’t otherwise have access to as easily. Research shows that increased adoption of online tools and digital services could grow annual revenues of rural small businesses by 21% over the next three years and create 360,000 jobs in rural communities. Amazon continues to invest billions of dollars to develop tools and services that help small businesses reach new customers.”