(Image Source: Parcel Monitor)
China’s cross-border e-commerce has experienced remarkable growth, exceeding 2 trillion yuan ($280.55 billion) in imports and exports in 2022, signaling a 7.1% increase from the previous year. This transformative journey began in 1998 with pioneering foreign trading companies, gaining momentum in 1999 with Alibaba’s inception. The rise of the “DaiGou” phenomenon, where Chinese nationals leverage their overseas status to purchase and resell luxury goods, further shaped consumer behavior.
As China’s cross-border e-commerce landscape continues to evolve, key Asian markets emerge as focal points for exports. Japan stands out for its collaborative technological exchanges, with the CN-JP shipping route dominated by logistics carriers like DHL Express and CIRRO, boasting an 86.6% average delivery success rate. Vietnam plays a crucial role as a manufacturing hub, with logistics giants DHL Express, J&T International Logistics, and CIRRO ensuring efficient shipments. Meanwhile, financial and technological hub Singapore sees 62% of its cross-border e-commerce originating from China, facilitated by efficient carriers like Cainiao and DHL Express with a 92.4% average success rate.
Check out Parcel Monitor’s full article for more similar insights.
About Parcel Monitor
Parcel Monitor is a community initiated by e-commerce logistics enthusiasts at Parcel Perform. We aim to inspire the e-commerce logistics ecosystem to create a better delivery experience for everyone.
Parcel Monitor offers free parcel tracking across 1045+ carriers globally on a single platform. Leveraging on our data and technology, we capture consumer trends, provide market visibility, and derive industry insights while fostering collaboration across the entire e-commerce industry.
