Online retail sales of China surged by 4 per cent year-on-year (YoY) to 13.8 trillion yuan (approximately $2.04 trillion) in 2022, according to the data by National Bureau of Statistics (NBS). In 2022, the country’s central and northeast regions observed an expansion of 8.7 per cent YoY and 13.2 per cent, respectively, in online retail sales.China’s online retail sales in its western and eastern regions saw an increase of 3 per cent YoY and 3.8 per cent YoY, respectively, in 2022.
The country’s cross-border e-commerce trade in 2022 increased by 9.8 per cent, reaching 2.11 trillion yuan, as per the commerce ministry of China.
Online retail sales of China surged by 4 per cent year-on-year (YoY) to 13.8 trillion yuan (approximately $2.04 trillion) in 2022, according to the data by National Bureau of Statistics (NBS). In 2022, the country's central and northeast regions observed an expansion of 8.7 per cent YoY and 13.2 per cent, respectively, in online retail sales.
Furthermore, China’s online retail sales of physical goods saw a YoY increase of 6.2 per cent in 2022, reaching 11.96 trillion yuan and contributing to 27.2 per cent of the country’s total retail sales.
E-commerce sales via livestreaming observed a rapid growth, with livestreaming marketing activities reaching above 120 million, the ministry further stated.
Fibre2Fashion News Desk (DP)