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China's Ministry of Commerce Introduces Scale of E-commerce Market

Mon, 26 Dec 2022
Categories: China Legal Trends
Editor: C. J. Observer

On 16 Nov. 2022, the Ministry of Commerce released the China E-commerce Report (2021), which introduced the situation of China's e-commerce market in 2021.

The highlights of the report are summarized below.

1. In 2021, the scale of China's e-commerce market is as follows:

(1) The national e-commerce transaction volume reached CNY 42.3 trillion in 2021, a year-on-year increase of 19.6%;

(2) The national online retail sales reached CNY13.1 trillion, a year-on-year increase of 14.1%;

(3) The online retail sales of physical goods were CNY10.8 trillion, accounting for 24.5% of the total social consumption;

(4) The cross-border e-commerce import and export volume reached CNY1.92 trillion, which has increased by nearly ten times in five years;

(5) The number of e-commerce employees reached 67.278 million;

(6) The number of e-commerce express delivered by express companies reached 108.3 billion, a year-on-year increase of 29.9%; and

(7) China has been the world's largest online retail market for nine consecutive years.

2. The total import and export of cross-border e-commerce were CNY1.92 trillion, an increase of 18.6% year-on-year, accounting for 4.9% of the total import and export, of which exports were CNY1.39 trillion with an increase of 28.3% and imports were CNY0.53 trillion with a drop of 0.9%.

3. The top ten countries (regions) in China's cross-border e-commerce exports are the United States, Malaysia, the United Kingdom, South Korea, Japan, Canada, Singapore, the Netherlands, the Philippines, and Australia, accounting for 34.46% of the total cross-border e-commerce exports.

4. The top ten countries (regions) in China's cross-border e-commerce imports are Hong Kong, South Korea, Japan, the United States, Australia, the Netherlands, Germany, New Zealand, France, and the United Kingdom, accounting for 18.95% of the total cross-border e-commerce imports.

 

 

Cover Photo by Zhang Linxuan on Unsplash

Contributors: CJO Staff Contributors Team

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