The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The transactions of export e-commerce totaled US$0.84 trillion in 2016, up 22.49% from last year, and reached US$0.42 trillion in the first half year of 2017.
The transactions of cross-border e-commerce in China is estimated to reach US$1.55 trillion in 2018, which is expected to grow at a high CAGR of 23.12% in the next five years and rise to US$3.58 trillion by the end of 2022, according to JumoreGlobal Insights.
Specifically, it predicts that the transactions of cross-border export e-commerce will reach US$1.16 trillion in 2018 and grow at a CAGR of 20.26% in the next five years.
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