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

Recently, Analysys released the "China Cross-border Import Retail E-commerce Market Quarterly Monitoring Report Q3 2021" on its official website . The report data shows that in the third quarter of 2021, the scale of China's cross-border import retail e-commerce market reached 116.67 billion yuan, a month-on-month decrease of 9.6%.

(Image source: Analysys official website)

According to survey data, there have been some changes in the transaction share of China's cross-border import retail e-commerce market in the third quarter of 2021. At present, Tmall Global ranks first with a share of 37.4%, the same as the previous quarter; Kaola Global ranks second with a share of 26.0%, a decrease from the previous quarter; JD International ranks third with a share of 17.8%, and its share continues to rise significantly from the previous quarter; Vipshop International ranks fourth with a share of 8.8%; Amazon Global Shopping ranks fifth with a share of 3.7%; Suning International and Youpin Global Shopping have shares of 1.2% and 0.4% respectively.

(Image source: Analysys official website)

In October this year , the Information Office of the State Council of China held a press conference on the import and export of cross-border e-commerce in the first three quarters. At the conference, Li Kuiwen, spokesman of 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, when facing the Amazon account blocking incident, Li Xingqian, director of the Department of Foreign Trade of the Ministry of Commerce of China, said: Affected by the COVID-19 epidemic, traditional economic and trade activities such as exhibitions have been hindered. Cross-border e-commerce has been favored by global consumers with its unique advantages of low cost, high efficiency and breaking through time and space constraints, showing a rapid growth momentum. The country has also continuously issued relevant policies to help domestic cross-border e-commerce accelerate its development.

In September this year , the General Administration of Customs of China issued the "Announcement on Comprehensively Promoting the Cross-border E-commerce Retail Import Return Center Warehouse Model" to help cross-border sellers solve transportation problems in the return and exchange process and increase support for the development of China's cross-border e-commerce companies.

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