Report: China's cross-border e-commerce trade value exceeds 2 trln yuan in 2022

0 Comment(s)Print E-mail Xinhua, June 18, 2023
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The value of China's cross-border e-commerce imports and exports exceeded 2 trillion yuan (about US$280.55 billion) for the first time in 2022, reaching 2.1 trillion yuan and marking an increase of 7.1% compared with 2021, according to a report released Saturday.

The report was released by China's General Administration of Customs (GAC) at a forum during the 2023 China (Langfang) International Economic and Trade Fair in Shijiazhuang, northern China's Hebei province.

Among the export destinations in China's cross-border e-commerce in 2022, the United States accounted for 34.3% of the market and the United Kingdom accounted for 6.5%. Major export items included clothing, shoes, bags and electronic products.

Japanese products accounted for 21.7% of China's total cross-border e-commerce imports in 2022, while U.S. products accounted for 17.9%.

Consumer goods constituted 92.8% of the exports and 98.3% of the imports, according to the report.

Since the beginning of this year, China's cross-border e-commerce has continued to maintain its growth momentum, said Lyu Daliang, an official with the GAC.

"A GAC survey has shown that more than 70% of enterprises expect stable or growing cross-border e-commerce in 2023," said Lyu. 

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