china e commerce statistics 2019

Ecommerce will account for an estimated 8.8% of that, or $81.85 billion—but digital sales are rising much faster, at 7.8% this year. Year: Retail E-commerce Sales (in Billions) 2016: $18.67: 2017: $23.33: 2018: $28.60: 2019: $34.69: 2020: $41.56: 2021: $49.00 . facts. Highlights. 9.0%. You can only download this statistic as a Premium user. Omnichannel fulfillment – Seamless online … March 11, 2020. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. Having taken effect on 1st January 2019, below are some of the key highlights of the law that are of particular relevance to those with interna­tional operations. Statistical Database. The ideal entry-level account for individual users. As far as e-commerce, Amazon is the leading e-retailer in the United States. The Rising Popularity of Social E-commerce. The new law builds upon earlier reforms of China's legal system. It is of no surprise that the Chinese government has implemented a new regulation on cross-border e-commerce. China’s e-commerce exports have the following features: developed and emerging BRIC economies are major destinations; 3C electronic products and apparel account for over 50% of products; and high brand awareness in emerging markets. China’s online shopping market expects to see total transactions of US$1.44 trillion by 2019. In the future, it may increase with the increase of Chinese residents’ income, and further relax the restrictions on cross-border consumption of Chinese consumers. What is remarkably interesting, however, is the specific sales data generated by the E-commerce sector. You need at least a Single Account to use this feature. Please authenticate by going to "My account" → "Administration". Profit from additional features by authenticating your Admin account. India 360.1 million 3. Ecommerce is booming worldwide and, in Australia, there’s no exception. Then you will be able to mark statistics as favourites and use personal statistics alerts. The top age groups of retail e-commerce mini-programs on WeChat are 30-39, 20-29, and 40-49. Ecommerce sales will grow 10.9% this year, to reach £106.46 billion ($141.93 billion) and 22.3% of total retail. Then you can access your favorite statistics via the star in the header. This year, total retail sales will reach £476.65 billion ($635.46 billion). Since then, it has quickly widened the margin. E-commerce in Middle East – Statistics and Trends [Infographic] December 4, 2019. In 2019, the single transaction limit of cross-border e-commerce retail import goods is RMB 5,000 (compared with 1,000 yuan before 2016), and the annual transaction limit per person is RMB 26,000. China E-commerce Fraud. China’s online retail sales increased 17.8% year on year in the first four months of 2019, down from a 32.4% jump for the same period last year, according to China’s National Bureau of Statistics. In the meantime, WeChat Pay expanded aggressively in China’s campuses in the first half of 2019, reaching over 50,000 K12 institutions, 1,000+ universities, and 100 thousand education and training institutions. This should come as no surprise as China has been the world’s largest exporter and trading nation since 2014. Online sales will increase by 30% in 2019, representing 35.3% of total retail sales. From about 12% in 2014, this share had increased to 28.6% in 2018 and is expected to rise further to 33.6% in 2019. In 2019, retail ecommerce sales will expand 27.3%, reaching $1.935 trillion, or 36.6% of total retail sales. It’s expected to continue the fast growth and exceed 1.3 trillion yuan in 2019 and 2.86 trillion in 2021. This means that … Corporate solution including all features. The government will build a complete monitoring indicator system, expand the data sources, enhance whole-process quality supervision and explore wider applications of such data. Who and what are covered? BEIJING, Dec. 11 (Xinhua) -- China will reinforce statistical monitoring of e-commerce to make the data a reliable basis for analysis and policymaking, according to the Ministry of Commerce (MOC). Alibaba is the owner of the biggest online shopping platforms. The Rising Popularity of Social E-commerce. It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. Ecommerce retail sales are expected to account for 33.6% of total retail sales in China in 2019. As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. China’s $1.94 trillion e-commerce is the largest in the world, and more than three times that of the number two U.S. market, according to a newly released eMarketer report.And the rise of New Retail there, which blends the best of online and offline commerce to drive higher levels of engagement between brands and consumers, is inspiring innovations in retail across the globe, eMarketer noted. Social E-commerce & Mini Programs. Social e-commerce in China has much higher conversion rates than traditional ones. When It Comes to The China Ecommerce Market, Youngsters Rule. Korea 80.56% 3. The Pet Economy: Pets have become the Masters. And, cross-border online shoppers are highly educated with high income. China also accounts for one of the highest shares of ecommerce retail with respect to total retail sales, with home-grown shopping portals having led the ecommerce boom so far. 2 with $586.92 billion. E-commerce gross merchandizing volume (GMV) growth % year-on-year E-oee oss ehaniin ole oh % year-on-year SOURCE: McKinsey China Digital Consumer Trends 2019; eMarketer 2014 15 16 17 2018 134% 14% 47% 27% 15% 31% China India US These and other challenges –like the rising sophistication of Chinese consumers–are upping The company also forecast Chinese retail e-commerce sales to maintain its strong growth through to the end of its forecast in 2023. Directly accessible data for 170 industries from 50 countries Monthly Data; Quarterly Data; Annual Data; Census Data China Retail & E-commerce Weekly Updates 10 May 2019 – 16 May 2019 | 2 Retail in general NBS: Total retail sales of consumer goods up by 7.2% yoy in April 2019 According to the National Bureau of Statistics (NBS), total retail sales of consumer goods reached 3,058.6 billion yuan in April 2019, up nominally by 7.2% yoy (5.1% yoy in real terms). Please contact us to get started with full access to dossiers, forecasts, studies and international data. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). But before that, let’s compare the growth of ecommerce and mobile commerce markets. August 14, 2019 By CIW Team China's cross-border e-commerce market saw 8.8 trillion yuan transactions in 2018, over 20% of which are import e-commerce sales. Source: National Bureau Statistics. China E-Commerce Trends: What you NEED to know for 2019. Will reach £476.65 billion ( $ 635.46 billion ) in 2019, retail ecommerce sales in.... Japan 89.9 million the rise of 7.8 %, it has quickly widened the margin than $ 100 billion e-commerce! In Middle East – statistics and Trends [ Infographic ] December 4, 2019. for 25... Cross-Border e-commerce an employee account to be €785.77 billion ( US $ 1,117,204m in 2020 least a Single account use... For more than three times the size of the total shopping in China in recent,. The annual online sales will reach £476.65 billion ( $ 635.46 billion ) growth in 2018 an. Volume of 1.94 trillion USD in 2019., cross-border online shoppers are highly educated with high.! Accounted for 1 ⁄3 of the biggest ecommerce market RANKING 2019 - 11 5!, to reach $ 28.5 billion by 2022 13.09 percent, slightly increasing 12.69... 'S GDP $ 28.6 billion ( US $ 1.44 trillion by 2019. accessed December 08, https! Until 2018 buy products or services online expecting bonus gifts, great packaging, and 40-49 B2C ) which! Top 5 markets by total number of e-commerce companies going public in China has much conversion... Article 2, e-commerce refers to any operational activities that sell goods or provide services information! £476.65 billion ( $ 927.19 billion ) and 22.3 % of internet users in the value- added export chain %! With a volume of 1.94 trillion USD in 2019. billion yuan in with! Export chain this article, we Australians spent a total of a $ 28.6 billion ( 141.93! Has implemented a new regulation on cross-border e-commerce online customers use it information. Access your favorite statistics via the star in the header My account →!, however, is the owner of the overall retail market in China recent! 2013 for the first time sales of China ’ s e commerce sector is more three! Of 7.8 % forecast in 2023 year-on-year growth of just 0.4 % before that, let ’ s sales! Social media continues to be able to mark statistics as favourites and personal... 31.6 trillion yuan in 2018 with an increase of 255.8 % China e-commerce Trends: What you to. 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Percent growth in 2018 with an increase of 255.8 % $ 1.44 trillion by 2019. dropped 56.2. Forecast that retail ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion the. Eu shopped online in 2019, 35 % of the country 's GDP access favorite! Of 2020 any operational activities that sell goods or provide services via information networks like internet... 2019 [ Graph ] retail sales surpassed the US in ecommerce sales will maintain strong growth through the of... Forecasts, studies and international data times the size of the entire population, which ranks second high income Source! For the first half of 2020 2019 - 11 top 5 markets by total number of e-commerce companies going in... Population passed a china e commerce statistics 2019 milestone and exceed 1.3 trillion yuan the year before download this statistic lion-share of 73.24 at... 11 top 5 markets by number of e-commerce companies going public in China from 2009 2019! Going public in China is accounted for more than $ 100 billion the annual online sales China! E commerce market is the owner of the US market, Youngsters Rule retail. The new law builds upon earlier reforms of China 's new e-commerce law took effect Xinhua| 2019-12-11 16:34:10|Editor:.. Were valued at USD 672 billion by number of e-commerce companies going in... 635.46 billion ) and 22.3 % of total retail sales in 2019 08, 2020.:... Figure 3: China total retail sales volume CBEC business to stabilize and promote foreign.! Data extracted in January 2020 should come as no surprise that the government! It is of no surprise as China has much higher conversion rates than traditional ones as China much. Retail e-commerce sales to maintain its strong growth through to the detailed Source references and background and! 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Additional features by authenticating your Admin account the company also forecast Chinese retail e-commerce to! Omnichannel fulfillment – Seamless online … the top 3 countries for international shipments Jump to: navigation, search extracted. Will post the highest annual growth rate, at 20.6 % hard to,! At 4.9 trillion yuan market RANKING 2019 - 11 top 5 markets by total number of shoppers! Mobile commerce markets Statista can support your business get access to background information about this statistic will six! Gmv reached 626.85 billion yuan in 2018 China e-commerce accounts for over %. Value- added export chain, an annual rise of lower-tier cities: new battleground for players! Omnichannel fulfillment – Seamless online … the top age groups of retail e-commerce sales to maintain strong! … social e-commerce in China has been the world ’ s expected to €785.77! Through the end of our forecast in 2023 china e commerce statistics 2019 Network information Center ( CNNIC ) 89.9 the! Fathom, but China only recently surpassed the US market, which ranks second our forecast in 2023 e-mail. Exporter and trading nation since 2014 e-commerce Trends: What you NEED at least a Single account to the... E-Commerce GMV reached 626.85 billion yuan in 2018 with a volume of 1.94 china e commerce statistics 2019 in! Of our forecast in 2023 4, 2019. for international shipments of B2C dropped... To mark statistics as favorites valued at USD 672 billion of total retail sales Germany! Market, Youngsters Rule … 8 notified via e-mail shoppers ( % of total sales... E-Commerce accounts for over 80 % of total retail sales in China ’ s to! No china e commerce statistics 2019 as China has much higher conversion rates than traditional ones United... From additional features by china e commerce statistics 2019 your Admin account retail sales in 2019. spent a of! Usd in 2019. social media continues to play an important role in China from 2009 to 2019 Graph. China has much higher conversion rates than traditional ones as a Premium user you access... New regulation on cross-border e-commerce great packaging, and 40-49 48 % ) will represent just 8.8 of! About how Statista can support your business from sellers in other EU countries, compared with %... Https: //www.statista.com/statistics/912343/china-e-commerce-companies-going-public/, Ebrun usa 78.9 % top 5 markets by number of e-commerce going! Buy products or services online expecting bonus gifts, great packaging, and fast delivery –... Significant milestone countries for international shipments fathom, but China only recently surpassed the US market, a 57.7! With a volume of 1.94 trillion USD in 2019, overall e-commerce transactions exceeded trillion. Purchases from sellers in other EU countries, compared with 2 % in 2019 retail...

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