Several industry clusters engaged in foreign trade in China have successfully expanded their business with exports facilitated by cross-border e-commerce, according to a recent report. The value of e-commerce exports amounted to 1.44 trillion yuan, a 24.5 percent year-on-year (YoY) increase, according to the General Administration of China Customs (GACC).

The country’s cross-border e-commerce export and import volume was about 1.98 trillion yuan ($287.3 billion) in 2021, a year-on-year increase of 15 percent. China’s cross-border e-commerce export volume jumped 40 percent year-on-year from 2017 to 2021, according to a report by Amazon Global Selling in Guangzhou.

Several industry clusters engaged in foreign trade in China have successfully expanded their business with exports facilitated by cross-border e-commerce, according to a recent report. The value of e-commerce exports reached 1.44 trillion yuan, a year-on-year increase of 24.5 percent, according to the General Administration of China Customs.

The report covers 17 industrial clusters in the East Asian country, including China’s northern, central and western regions, the Pearl River Delta and Yangtze River Delta regions, and the West Strait Economic Zone. He noted that a growing number of Chinese exporters have embraced digitalization and cross-border e-commerce to meet the needs of overseas consumers.

“As a new commercial form of foreign trade, China’s exports using cross-border e-commerce have shown great resilience in recent years, unlocking more business potential in the global market,” said the vice president. of Amazon China, Peng Jiaqi.

“Chinese exporters in advantageous industrial clusters have shown great potential and vitality in research and development, design, product innovation, brand building and global expansion. The new generation of consumers has become a major force for the growth of global e-commerce, providing huge market opportunities for Chinese exporters,” Peng added.

Fibre2Fashion News Office (NB)