Several industrial clusters engaged in foreign trade in China have been able to successfully expand their business with exports facilitated by cross-border e-commerce as per a recent report. The value of e-commerce exports added up to 1.44 trillion yuan, which is an increase of 24.5 per cent year-on-year (YoY), according to the General Administration of Customs China (GACC).

The volume of exports and imports of the country’s cross-border e-commerce came around 1.98 trillion yuan ($287.3 billion) in 2021, a surge of 15 per cent YoY. The export volume of China’s cross-border e-commerce alone jumped 40 per cent YoY from 2017 to 2021, according to a report by Amazon Global Selling in Guangzhou.

The report covered 17 industrial clusters of the East Asian country, including northern, central, and western parts of China, the Pearl River Delta and Yangtze River Delta regions, and the West Straits Economic Zone. It noted that a rising number of Chinese exporters adopted digitalisation and cross-border e-commerce to cater to overseas consumers.

“As a new business form of foreign trade, China’s exports using cross-border e-commerce have shown great resilience over the past few years, releasing more business potential in the global market,” said Amazon China vice-president 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 growth in global e-commerce, bringing tremendous market opportunities for Chinese exporters,” Peng added.

Fibre2Fashion News Desk (NB)

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