Business, Law & Policy

China's Cross-border E-commerce Scale Up 30% During H1 2016

Over the first half of 2016, China's cross-border e-commerce businesses achieved explosive growth despite the weak economic trends and it became a new driving force to promote the trade development.

The news comes from the latest China Cross-border E-commerce Development Report released during the Global Retail E-commerce China Summit 2016 held in Shanghai.

In 2015, China's cross-border e-commerce trade scale reached CNY4.8 trillion, a year-on-year increase of 28%; and the cross-border e-commerce trade value accounted for 19.5% of the total import and export value of China. During the first half of 2016, China's cross-border e-commerce trade scale reached CNY2.6 trillion, a year-on-year increase of 30%.

The statistics also revealed that China's cross-border e-commerce exports were much higher than its imports. In 2015, its cross-border e-commerce exports accounted for 83.1%, while imports only accounted for 16.9%. In the first half of 2016, its cross-border e-commerce exports accounted for 80.4%, while imports accounted for 19.6%. However, the report pointed out that China's cross-border e-commerce import value was increasing year by year, which indicated Chinese consumers' growing demand for overseas products.

China's cross-border e-commerce export mainly targeted America, the European Union, and the Association of Southeast Asian Nations. Major exported products included electronics products, clothing, outdoor supplies, health and beauty products, and jewelry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend