Demographics

The world superpower USA is home to 332 million people and ranks the third most populated country globally. Over 45 million immigrants reside in the USA, out of which 43 million connect to German ancestry. It covers a land area of 9,372,610km², the fourth-largest country by land area consisting of 50 states and 14 territories.

Average salary

A working adult in the US earns around 7,891 USD every month (94,700 USD yearly) on average. The lowest average salary in the region is 2,000 USD, and the highest average comes around 35,250 USD monthly. This income is inclusive of housing, travel, and other benefits and varies in different parts of the country. Mississippi has the lowest wages of all states, whereas Hawaii offers the highest.

Economy

The United States has been the most powerful economy in the world since 1871. The service sector is the largest influencer of the US Economy, including healthcare, business, finance, real estate, and insurance. They employed 108 million people in 2019 to meet the workload. Though only 5% of the global population resides in the USA, it is responsible for 25% of the overall economic output. While many would think that Saudi Arabia is the biggest oil producer, the truth is that the USA ranks first!

Besides the oil production and service sector, entertainment is a major industry in the country and unarguably the oldest in the world. 575 companies among the 2000 world’s largest are US-based. Also, the highest number of billionaires (705) also belongs to the US.

E-commerce in the United States

Due to the lockdown, the USA’s e-commerce industry expanded with increased sales than the past year. The e-commerce penetration hit 21.3%, almost three times the jump in 2019. The total e-sales in 2020 were $861 billion out of the total retails of $4040 billion. Amazon stayed on the top of online stores, yet people moved to others like Apple, Home Depot, and Best Buy. Dropshipping to the United States also became quite popular in the past year.

Fig. E-commerce in USA

Payment Gateways

According to 2019 stats, 93% of the individuals have an account with a financial institution, and 66% hold a credit card. Though credit cards are already quite common, online vendors in the US offer numerous other universal payment gateways. Some of the payment gateways include Pay Pal, Stripe, Amazon Pay, 2CheckOut, Authorize.Net, etc. Most of these payment methods are available in many countries, with Amazon Pay in 18, Stripe in 25, and Pay Pal being used in 200 countries. 

Future of e-commerce

Since the past decade, the e-commerce market has been proliferating, accounting for 23% of the retails made. Experts forecast the revenues to hit $469,245 in 2021 and $563,388 in 2025 at a growth rate of 4.7%. Fashion, being the largest market segment, is expected to generate $142,819 of the collective e-retails.

Dropshipping to the United States

What can be better than dropshipping to the United States when a large fraction of buyers have shifted to online shopping. Use the opportunity to make better sales by shipping products to the USA with Wefullfill. We ensure reliability along with the least shipping costs and prompt delivery!