According to the General Administration of Customs, China’s cross-border e-commerce import and export will be about 2.71 trillion yuan in 2024, a year-on-year increase of 14%; It is 9 percentage points higher than the growth rate of China’s trade in goods in 2024, accounting for 6.2% of the total import and export value of China’s trade in goods. Thereinto:
exports were about 2.15 trillion yuan, a year-on-year increase of 16.9%, accounting for 8.5% of the total export value of trade in goods;
Imports were about 555.25 billion yuan, a year-on-year increase of 4.1%, accounting for 3% of the total import value of trade in goods.
The main export destinations were the U.S. (36.2%), the U.K. (11.7%), and Germany (5.7%). The main sources of imports were the United States (15.8%), Japan (10.5%), and Germany (9.8%).
Cross-border e-commerce exports of consumer goods accounted for 97.5%, mainly clothing, shoes, bags and jewelry accessories, mobile phones and computers and other digital products and accessories, home textiles and kitchen and bathroom appliances, household office appliances and accessories, etc. Imported consumer goods accounted for 97.8%, mainly beauty and cosmetics, perfume and daily chemical care, fresh food, medicine and health products and medical equipment, milk powder, etc.
The main sources of cross-border e-commerce exports are Guangdong, Zhejiang, Fujian, Jiangsu, Shandong, etc. The main import destinations are Guangdong, Jiangsu, Zhejiang, Shanghai, Beijing, etc.