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
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.
