2016 China Market Overview - Cross-border Business
In terms of cross-border e-commerce, China’s total amount of exports was higher than imports in 2015, while the proportion of imports has continued to increase. China’s cross-border e-commerce mainly focused on B2B business, while the retail business has boomed, especially in cross-border import retail business.
• The import and export volume of China’s foreign trade dropped in 2015, with trade surplus at$593 billion. However, the growth of Chinese export was still faster than other leading economies and emerging countries. • China’s exports to some major economies, including European Union, Japan, Russia and Brazil, showed a decline in 2015. • The growth rate of China’s cross-border e-commerce has been much higher than total amount of imports and exports in spite of global trade slump, which means that the penetration of cross-border e-commerce in import and export trade has been very high. • In terms of cross-border e-commerce, China’s total amount of exports was higher than imports in 2015, while the proportion of imports has continued to increase. The major exporting destinations inlcude the United States, the European Union, and ASEAN. The exporters were mainly distributed in costal areas, including Guangdong, Zhejiang, and Jiangsu. In all the product categories for exports, 3-C electronic products turned to be the most popular category. • China’s cross-border e-commerce mainly focused on B2B business, while the retail business has boomed, especially in cross-border import retail business. • Based on the ECI index of cross-border e-commerce, the United States, the UK, Australia, France, Italy, Japan, and Canada were strongly connected to China. Germany, South Korea, Russia, India, Turkey, Brazil, and South Africa were moderately connected with China. Mexico, Indonesia, Argentina, Saudi Arabia had a relatively weak connection with China.
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