In recent years, China has successively introduced a series of policies and measures, including setting up a comprehensive pilot zone for cross-border e-commerce, improving and expanding the positive list of cross-border e-commerce retail imports, and constantly innovating cross-border e-commerce customs clearance supervision, so as to promote cross-border e-commerce to become a new kinetic energy to stimulate foreign trade growth.
At the recent press conference of the State Council Office, the latest preliminary calculation data of the General Administration of Customs showed that in the first three quarters of 2024, China’s cross-border e-commerce import and export was 1.88 trillion yuan, up 11.5% year-on-year, which was 6.2 percentage points higher than the overall growth rate of China’s foreign trade in the same period. Among them, exports were 1.48 trillion yuan, an increase of 15.2%; Imports were 399.16 billion yuan, down 0.4%.
In the first half of this year, China’s cross-border e-commerce import and export reached 1.25 trillion yuan, a record high in the same period, with a year-on-year increase of 13%, accounting for 5.9% of China’s total import and export value. Among them, exports were about 979.9 billion yuan, an increase of 18.7% year-on-year; Imports reached 266.4 billion yuan, down 3.9%. In terms of destination and source, in the first half of the year, China’s cross-border e-commerce exports accounted for 34.2% to the United States, 8.1% to the United Kingdom, 6.2% to Germany and 4.5% to France, and its export performance to Asian markets such as Malaysia, Singapore, Thailand, Vietnam and Japan was also relatively active. Imports from the United States accounted for 16.7%, Australia accounted for 11.3%, and Japan accounted for 10.6%. Germany, France and New Zealand were also the main sources of imports.
From the perspective of commodity structure, in the first half of the year, clothing, shoes, bags and jewelry accounted for 27.3%, electronic products such as mobile phones accounted for 14.4%, and home textiles accounted for 12.4%. Among imports, beauty cosmetics and toiletries account for 28.8%, and fresh food accounts for 25.2%. From the domestic perspective, export goods mainly come from Guangdong, Zhejiang, Fujian and Jiangsu, and imports are mainly concentrated in Guangdong, Jiangsu, Zhejiang, Shanghai and Beijing.
Source: china economic herald.
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