China's International E-Commerce Trade Crosses CNY 2T Mark

In accordance with the General Administration of Customs (GAC) at the 2023 China (Langfang) International Economic and Trade Fair in Hebei Province, China's cross-border e-commerce trade surpassed 2 trillion yuan (approximately £219 billion) for the first time in 2022, representing a 7.1% year-on-year (YoY) increase.

In 2022, the United States and the United Kingdom accounted for 34.3 percent and 6.5 percent of China's e-commerce exports, respectively. Clothing, footwear, and bags were the most commonly exported commodities.

According to the survey, Japanese items accounted for 21.7 percent of China's overall cross-border e-commerce imports last year, while US products accounted for 17.9 percent. Consumer products accounted for 92.8 percent of total exports and 98.3 percent of total imports.

China's cross-border e-commerce has continued to develop since the beginning of 2023, according to Lyu Daliang, a GAC official, as mentioned in local media sources. Lyu went on to say that according to a GAC poll, more than 70% of businesses expect stable or expanding cross-border e-commerce activities in 2023.