China's cross-border e-com trade up 9.6% YoY in Q1 2024: Ministry

22 Apr '24

1 min read

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Cross-border e-commerce trade in China rose by 9.6 per cent YoY to $81.3 billion in Q1 2024, official data show.
The pace of global cooperation in e-commerce has accelerated as well.
E-commerce imports and exports with Silk Road partners saw rapid growth during the quarter and domestic online retail sales reached $455.6 billion—a rise of 12.4 per cent.

Cross-border e-commerce trade in China increased by 9.6 per cent year on year (YoY) to 577.6 billion yuan (~$81.3 billion) in the first quarter (Q1) this year, according to commerce ministry data.

The country's e-commerce imports and exports with Silk Road e-commerce partner countries like Hungary, the United Arab Emirates, Cambodia and Brazil, saw rapid growth during the quarter, the ministry said.

The pace of international cooperation in e-commerce has accelerated as well, it said, noting that for the first time, Chinese e-commerce platforms conducted roadshows abroad, connecting with more than 60 small and medium enterprises in Italy, a state-controlled media outlet reported.

Domestic online retail sales reached 3.3 trillion yuan (~$455.6 billion) during the quarter—an increase of 12.4 per cent YoY.

Fibre2Fashion News Desk (DS)

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