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China's logistics sector sees 7.5% revenue growth in Jan-Apr 2023
31 May '23
1 min read
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Insights
- China's logistics industry registered a 7.5-per cent YoY revenue increase in the first four months of 2023, compared to the same period last year.
- Industrial product logistics also increased by 3.6 per cent YoY.
- The country's social logistics rose 4.4 per cent YoY to hit 107.6 trillion yuan ($15.19 trillion) in the first four months of 2023.
China's logistics industry has witnessed robust growth in the first four months of 2023, with total revenue soaring by 7.5 per cent compared to the same period last year, according to the China Federation of Logistics and Purchasing. This rate represents a 0.8 percentage point increase from the industry's performance in the first quarter.
The country saw a significant upturn in the logistics of industrial products, with a growth of 3.6 per cent year-on-year (YoY) in the January-April period, a rise of 0.6 percentage points compared to the first quarter of 2023.
Between January and April, China’s social logistics climbed 4.4 per cent YoY, reaching an aggregate value of 107.6 trillion yuan (approximately $15.19 trillion).
Fibre2Fashion News Desk (DP)
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