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Condensed Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operations:    
Net income attributable to MercadoLibre, Inc. Shareholders $ 47,458,894 $ 45,013,802
Adjustments to reconcile net income to net cash provided by operating activities:    
Net Income attributable to Redeemable Noncontrolling Interest 84,715 18,060
Net Devaluation Loss in Venezuela 6,420,929  
Depreciation and amortization 5,456,023 4,057,471
Accrued interest (2,985,764) (6,221,322)
LTRP accrued compensation 4,297,543 2,202,842
Deferred income taxes (1,815,001) 145,970
Changes in assets and liabilities:    
Accounts receivable (8,218,798) (3,034,916)
Credit Card Receivables (31,226,712) (5,810,748)
Prepaid expenses (1,604,294) (730,975)
Other assets (1,761,828) (453,355)
Accounts payable and accrued expenses 12,375,483 5,682,625
Funds payable to customers 21,955,337 13,461,760
Other liabilities 2,333,387 548,167
Interest received from investments 6,391,850 3,609,409
Net cash provided by operating activities 59,161,764 58,488,790
Cash flows from investing activities:    
Purchase of investments (411,974,520) (205,377,324)
Proceeds from sale and maturity of investments 449,386,936 186,841,187
Payment for acquired businesses, net of cash acquired (3,224,162)  
Purchases of intangible assets (12,657) (1,390,738)
Purchases of property and equipment (38,093,323) [1] (8,323,905) [1]
Net cash provided by (used in) investing activities (3,917,726) (28,250,780)
Cash flows from financing activities:    
Dividends paid (11,126,265) (8,343,398)
Repurchase of Common Stock (1,012,216)  
Stock options exercised 3,020 2,400
Net cash used in financing activities (12,135,461) (8,340,998)
Effect of exchange rate changes on cash and cash equivalents (13,406,232) (1,682,959)
Net increase in cash and cash equivalents 29,702,345 20,214,053
Cash and cash equivalents, beginning of the period 101,489,002 67,381,677
Cash and cash equivalents, end of the period $ 131,191,347 $ 87,595,730
[1] (*) Net of financial liabilities, see Note 5 "Office building acquisition agreement in Buenos Aires"