(MENAFN- AzerNews) The value of China's cross-border e-commerce imports and exports
exceeded 2 trillion yuan (about 280.55 billion U.S. dollars) for
the first time in 2022, reaching 2.1 trillion yuan and marking an
increase of 7.1 percent compared with 2021, according to a report
released Saturday, Azernews reports, citing Xinhua.
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, north
China's Hebei Province.
Among the export destinations in China's cross-border e-commerce
in 2022, the United States accounted for 34.3 percent of the market
and the United Kingdom accounted for 6.5 percent. Major export
items included clothing, shoes, bags and electronic products.
Japanese products accounted for 21.7 percent of China's total
cross-border e-commerce imports in 2022, while U.S. products
accounted for 17.9 percent.
Consumer goods constituted 92.8 percent of the exports and 98.3
percent 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 percent of enterprises
expect stable or growing cross-border e-commerce in 2023," said
Lyu.
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