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It's Happening....

Cross-border E-Commerce Trade Volume of Ningbo Free Trade Zone Reaches 24 Billion Yuan in the First Half Year Accounted for 75% of the total volume of Ningb

According to the latest statistics from Ningbo Customs, the cross-border e-commerce trade volume of Ningbo Free Trade Zone contributed by 12.545 million import declarations reached 24 billion yuan in the first half of 2017, increasing 28.4% and 19.2% compared to the same period last year. And it takes up 75% of the total volume of Ningbo.

In the first half of 2017, 4.16 million people in china, most of whom were from the Yangtze River Delta region, shopped in the Ningbo Free Trade Zone cross-border e-commerce platform.

In terms of the commodity structure, the sales of diapers, infant milk powder and cosmetics goods still top all kinds of goods. At the same time, the types of commodities are becoming increasingly diverse. Statistics show that the number and categories of mid and low-end wine imports increased significantly, and drinking water of high-end brands are well-received by consumers, such as Evian, Paris, Kunlun Mountain and so on. In addition, latex pillows, latex mattresses and other latex bedding imports increased substantially.

Up to now, the number of Ningbo Free Trade Zone cross-border e-commerce pilot enterprises has exceeded 800. About 86 thousand kinds of goods are recorded, more than 60 thousand of which have been on sale in cross-border e-commerce warehouse.

As Ningbo cross-border e-commerce enjoys huge potential, many enterprises are ready to be a part of it. Ningshing Ubay plans to increase investment to provide procurement, warehousing, logistics and supply chain services, and the sale volume this year is expected to reach 12 billion yuan. Netease Koala Purchase is speeding up the building of Ningbo storage center, which will cover 160 thousand square meters with a total investment of over 1 billion yuan.

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