Key Takeaways MercadoLibre generates over 82% of revenues from Brazil, Mexico and Argentina. Elevated inflation, political risk and weak consumer sentiment strain MELI's top markets.Limited geographic diversification leaves MELI more exposed than peers like Amazon and Sea Limited.MercadoLibre’s (MELI) growth remains heavily anchored in Brazil, Mexico and Argentina, which together contribute over 82% of total revenues, a concentration that amplifies exposure to regional volatility. Brazil drives MELI’s core ...