Chinese Cross-Border E-Commerce to Hit $1 Trillion in 2016
Nov. 16, 2015
Cross-border e-commerce in China is expected to grow 30 percent in 2016 from a year earlier and will top $1 trillion in value, according to a report from the China Ministry of Commerce. In the first half of this year the government agency said overall e-commerce grew 30.4 percent to $1.2 trillion. Of that, cross-border transactions accounted for $314 billion. The report said cross-border e-commerce in H1 2015 accounted for 17.3 percent of China’s import and export business.
By number of transactions, Chinese shoppers favor Websites located in the U.S., according to the Ministry of Commerce statistics. According to average ticket value, however, Australian retailers topped the list, followed by Websites in France and the U.K.