PYMNTS’ Daily Data Dive: China X-Border Sales

By  |  February 21, 2017
 | 

Following the 2013 policy reform by the Chinese government, which reduced duty tax on overseas goods, it’s no surprise there’s been an uptick in online purchases.

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    The main two categories that have garnered the most attention for Chinese consumers have been cross-border eCommerce and online food sales.

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    Here are the numbers:

    $17.22 billion | Amount of overseas products purchased by Chinese shoppers in 2015

    $31.99 billion | Amount of overseas products purchased by Chinese shoppers in 2016

    $15 billion | Expected sales amount of online food purchases by Chinese shoppers in 2016

    $752 billion | Amount of 2016 online retail sales for China

    10.4 percent | Year-over-year growth of online retail sales for China

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