In recent years, China has successively launched a series of policy measures, including the establishment of cross-border e-commerce comprehensive pilot zones, improving and expanding the positive list of cross-border e-commerce retail imports, and constantly innovating cross-border e-commerce customs clearance supervision, so as to promote cross-border e-commerce to become a new driving force for foreign trade growth.

At the recent press conference of The Information Office of the State Council, the latest preliminary estimate data of the General Administration of Customs showed that in the first three quarters of 2024, China’s cross-border e-commerce imports and exports were 1.88 trillion yuan, an increase of 11.5%, which was 6.2 percentage points higher than the overall growth rate of China’s foreign trade in the same period. Among them, the export was 1.48 trillion yuan, up by 15.2%; Imports totaled 399.16 billion yuan, down 0.4%.

In the first half of this year, China’s cross-border e-commerce imports and exports reached 1.25 trillion yuan, a record high in the same period, an increase of 13% year-on-year, accounting for 5.9% of the total value of China’s imports and exports. Among them, the export was 979.9 billion yuan, up 18.7% year on year; Imports reached 266.4 billion yuan, down 3.9%.

From the perspective of commodity structure, in the first half of the year, China’s cross-border e-commerce exports of clothing, shoes and jewelry accounted for 27.3%, mobile phones and other electronic products accounted for 14.4%, and home textiles accounted for 12.4%. Among the imports, cosmetics and toiletry products accounted for 28.8% and fresh food accounted for 25.2%. From the perspective of the domestic region, the export goods are mainly from Guangdong, Zhejiang, Fujian and Jiangsu, and the imports are mainly concentrated in Guangdong, Jiangsu, Zhejiang, Shanghai and Beijing.

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