The scale of China's Q3 cross-border import and retail e-commerce market in 2021 reached 116.67 billion yuan

2023-09-15
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Author:Li Kai
Source: ennews

Recently, Analysys released a quarterly monitoring report on China's cross-border import and retail e-commerce market on its official websiteQ3 2021. According to the report data, in the third quarter of 2021, the size of China's cross-border import and retail e-commerce market reached 116.67 billion yuan, a decrease of 9.6% month on month.

 

Cross border e-commerce platform: China's Q3 cross-border import and retail e-commerce market size reached 116.67 billion yuan in 2021

(Tuyuan Yiguan Analysis Official Website)

 

According to survey data,In the third quarter of 2021, there was a certain change in the transaction share of China's cross-border import and retail e-commerce market. Currently, Tmall Global ranks first with a share of 37.4%, which is the same as the previous quarter; Kaola Haigou ranked second with a share of 26.0%, with a decrease in its share compared to the previous month; JD International ranks third with a share of 17.8%, and its share continues to increase significantly month on month; Vipshop International ranks fourth with a share of 8.8%; Amazon ranks fifth in overseas purchasing, with a share of 3.7%; Suning International and Youpin Overseas have a share of 1.2% and 0.4% respectively.

 

The scale of China's Q3 cross-border import and retail e-commerce market in 2021 reached 116.67 billion yuan

(Tuyuan Yiguan Analysis Official Website)

 

this yearIn October, the State Council Information Office of China held a press conference on the import and export situation of cross-border e-commerce in the first three quarters. At the conference, Li Kuiwen, spokesperson for the General Administration of Customs and Director of the Statistics and Analysis Department, said, "In the first three quarters of this year, China's comprehensive bonded zone imports and exports reached 4.08 trillion yuan, an increase of 26.3%; China's cross-border e-commerce imports and exports increased by 20.1%, and market procurement exports increased by 37.7%

 

In the middle of this year, in the face of the Amazon blockbuster event, Li Xingqian, Director of the Department of Foreign Trade of the Ministry of Commerce of China, said: Affected by the COVID-19, traditional economic and trade activities such as exhibitions were blocked. Cross border e-commerce, with its unique advantages of low cost, high efficiency, and breaking through time and space constraints, has been favored by global consumers and shows a rapid growth momentum. And the country has also continuously introduced relevant policies to help accelerate the development of domestic cross-border e-commerce.

 

this yearIn September, the General Administration of Customs of China issued a notice on the comprehensive promotion of the cross-border e-commerce retail import return center warehouse model, helping cross-border sellers solve transportation problems during the return and exchange process, and increasing support for the development of Chinese cross-border e-commerce enterprises.


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