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Interim Condensed Consolidated Statement of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operations:    
Net income attributable to MercadoLibre, Inc. Shareholders $ 4,669,943 $ 47,458,894
Adjustments to reconcile net income to net cash provided by operating activities:    
Net income attributable to Redeemable Noncontrolling Interest 69,532 84,715
Net Devaluation Loss in Venezuela and Argentina 13,808,146 6,420,929
Impairment of Long-Lived Assets 49,495,686  
Depreciation and amortization 7,583,270 5,456,023
Accrued interest (4,210,765) (2,985,764)
LTRP accrued compensation 1,931,082 4,297,543
Deferred income taxes (8,672,289) (1,815,001)
Changes in assets and liabilities:    
Accounts receivable (22,789,059) (8,218,798)
Credit Card Receivables (15,277,940) (31,226,712)
Prepaid expenses (1,527,509) (1,604,294)
Other assets 1,487,015 (1,761,828)
Accounts payable and accrued expenses 33,769,907 12,375,483
Funds payable to customers 21,969,371 21,955,337
Other liabilities 1,351,131 2,333,387
Interest received from investments 4,249,705 6,391,850
Net cash provided by operating activities 87,907,226 59,161,764
Cash flows from investing activities:    
Purchase of investments (774,416,992) (411,974,520)
Proceeds from sale and maturity of investments 746,111,708 449,386,936
Payment for acquired businesses, net of cash acquired (32,126,805) (3,224,162)
Purchases of intangible assets (1,950,835) (12,657)
Purchases of property and equipment (14,633,760) (38,093,323)
Net cash used in investing activities (77,016,684) (3,917,726)
Cash flows from financing activities:    
Funds received from the issuance of convertible notes 330,000,000  
Transaction costs from the issuance of convertible notes (7,425,000)  
Purchase of convertible note capped call (19,668,000)  
Payments on loans payable and other financial liabilities (2,726,259)  
Dividends paid (13,643,415) (11,126,265)
Repurchase of Common Stock (1,944,307) (1,012,216)
Stock options exercised   3,020
Net cash provided by (used in) financing activities 284,593,019 (12,135,461)
Effect of exchange rate changes on cash and cash equivalents (50,248,548) (13,406,232)
Net increase in cash and cash equivalents 245,235,013 29,702,345
Cash and cash equivalents, beginning of the period 140,285,104 101,489,002
Cash and cash equivalents, end of the period $ 385,520,117 $ 131,191,347