Social e-commerce in China has much higher conversion rates than traditional ones. 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). 10.7%. General Ecommerce Statistics. 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 Then you can access your favorite statistics via the star in the header. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. 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. Highlights. This year, total retail sales will reach £476.65 billion ($635.46 billion). But before that, let’s compare the growth of ecommerce and mobile commerce markets. Ecommerce is booming worldwide and, in Australia, there’s no exception. In 2019, 35% of e-buyers made purchases from sellers in other EU countries, compared with 2% in 2014. Please authenticate by going to "My account" → "Administration". Ecommerce sales in France will rise 11.5% in 2019, to €58.84 billion ($69.40 billion), accounting for 9.5% of total retail sales. As far as e-commerce, Amazon is the leading e-retailer in the United States. By means of making the world a global village with an ease to do business, e-commerce trading has gained ground. 18. Total retail sales are expected to be €785.77 billion ($927.19 billion) in 2019. That will represent just 8.8% of all retail sales, though. China continues to be the most attractive market for online traders, especially for 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. Social E-commerce & Mini Programs. Tweet. On January 1, 2019, China's new e-commerce law took effect. Estimated Retail E-commerce Sales in MENA. 2017. This feature is limited to our corporate solutions. 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. Mr. Ning Jizhe Meets with the Director of the United Nations Statistics Division On the morning of October 15, Mr. Ning Jizhe, Commissioner of the National Bureau of Statistics of China (NBS), met with Mr. Stefan Schweinfest, Director of the United Nations Statistics Division (...; Mr. Xian Zude Meets with the UN Resident Coordinator a.i. Are you interested in testing our corporate solutions? The new law builds upon earlier reforms of China's legal system. 10.4%. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. A paid subscription is required for full access. And, cross-border online shoppers are highly educated with high income. In 2019, the number reached RMB 186.2 billion (US$26.25 billion), five times that of 2015, showing an average annual growth rate of 49.5 percent, according to the official data. Ecommerce sales in France will rise 11.5% in 2019, to €58.84 billion ($69.40 billion), accounting for 9.5% of total retail sales. 8. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Number of online shoppers in China 2009-2020, B2B online platforms' market share in China 2018, Online shopping market gross merchandise volume in China 2013-2022, Penetration rate of online shopping in China 2009-2020. In 2016, the annual online sales of China were valued at USD 672 billion. It overtook Germany as the largest exporter in 2009, and surpassed the US as the world’s largest trading nation in 2013. Ecommerce retail sales are expected to account for 33.6% of total retail sales in China in 2019. The rise of online shopping in China In recent years, China’s internet population passed a significant milestone. With over $1.935 trillion in ecommerce sales, China was the biggest ecommerce market in the world in 2019. Omnichannel fulfillment – Seamless online … 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. 2018. Video Player Close. The online retail in China is accounted for 1 ⁄3 of the overall retail market in China. Such is China’s dominance in e-commerce, it now handles more transactions per year than France, Germany, Japan, the United Kingdom and the United States combined. Ecommerce sales will grow 10.9% this year, to reach £106.46 billion ($141.93 billion) and 22.3% of total retail. Please contact us to get started with full access to dossiers, forecasts, studies and international data. March 11, 2020. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. 2017. In 2018, 16.6% of all retail sales in China were eCommerce sales – nearly double the rate in the United States (8.9%). 2 with $586.92 billion. Omnichannel fulfillment – Seamless online … Japan 89.9 million Planned article update: January 2021. China’s online shopping market expects to see total transactions of US$1.44 trillion by 2019. China’s e-commerce report for Textiles and Apparel 2019 showed stable growth In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. Annual Data. E-commerce statistics for individuals Jump to: navigation , search Data extracted in January 2020. As a Premium user you get access to background information and details about the release of this statistic. 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). Chinese companies at large, including those in the consumer sector, are experiencing a multitude of threats such as, shifting consumer behaviour, availability of key talents, and increasing speed of technological changes. Online merchants who let a fear of fraud in foreign markets keep them from selling abroad – or increase their e-Commerce false declines – are leaving a lot of This year, total retail sales will reach £476.65 billion ($635.46 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 As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. The rise of lower-tier cities: New battleground for Ecommerce players . The Rising Popularity of Social E-commerce. Chinese consumers buy products or services online expecting bonus gifts, great packaging, and fast delivery. The data confirms that in 2019, China will become the largest retail market in the world. Since then, it has quickly widened the margin. Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The implementation of these new regulations commenced on January 1, 20… One of them is Tmall – as many as 97% of Chinese online customers use it. Figure 3: China total retail sales growth, 2014–2018. Published by Yihan Ma, May 5, 2020 The statistic shows the number of companies in e-commerce going public in China from 2009 to 2019. The China e commerce market is the largest in the world with a volume of 1.94 trillion USD in 2019. E-commerce is very advanced in China. 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. The top platforms are Tmall Global and Netease Kaola. By the end of 2022, a comprehensive and advanced e-commerce statistics monitoring system will be established, as well as relevant policies, standards and evaluation systems, the MOC said in a guideline. 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). As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. Update, Insights into the world's most important technology markets, Advertising & Media Outlook The Pet Economy: Pets have become the Masters. 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. Due to the huge potentials provided by cross border e-commerce. E-commerce has become a key driver of China's retail market. Annual Data. China: Revenue in the eCommerce market is projected to reach US$1,117,204m in 2020. China scored highly across … 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. Online retail sales rose 16.8 percent year on year to reach 7.32 trillion yuan (around 1.04 trillion U.S. dollars) in the first three quarters, MOC data showed. 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. Ecommerce in MENA expected to reach $28.5 billion by 2022 . Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. … You need at least a Single Account to use this feature. 9.0%. Then you will be able to mark statistics as favourites and use personal statistics alerts. In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. This was announced by the China Internet Network Information Center (CNNIC). It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. Statistical Database. UK 79.8% 4. I was speaking on the China e-commerce market and this gave me the chance to sit in on some other sessions. 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). China’s retail sales in 2019 will exceed the U.S. total sales by more than $100 billion. The rise of lower-tier cities: New battleground for Ecommerce players . What is remarkably interesting, however, is the specific sales data generated by the E-commerce sector. 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. In our previous e-commerce studies done in Southeast Asia, China consistently appeared in the top 3 countries for international shipments. The value of online shopping transactions in China totaled 8 trillion yuan (US$1.19 trillion) in 2018, an increase of 28.3% year-on-year. Last year, we Australians spent a total of A$28.6 billion (US$20.3 billion) on online shopping. (March 11, 2020). The market share of B2C e-commerce dropped to 56.2%, with Tmall and JD.com accounting for over 80% of the total. New, Figures and insights about the advertising and media world, Industry Outlook USA 78.9% Top 5 markets by total number of online shoppers 1. The ideal entry-level account for individual users. You need a Single Account for unlimited access. The Rising Popularity of Social E-commerce. The Chinese government is trying to promote CBEC business to stabilize and promote foreign trade. Learn more about how Statista can support your business. Ebrun. Please do not hesitate to contact me. Ecommerce spending in Germany will reach an estimated €69.37 billion ($81.85 billion) this year, an annual rise of 7.8%. We forecast that retail ecommerce sales will maintain strong growth through the end of our forecast in 2023. 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. Directly accessible data for 170 industries from 50 countries 10.2%. Chart. Monthly Data; Quarterly Data; Annual Data; Census Data GLOBAL ECOMMERCE MARKET RANKING 2019 - 5 SPOTLIGHT ON: CHINA China is second in our ranking, which should come as no surprise to brands who are looking to expand cross-border. How much will consumers in Germany spend on ecommerce in 2019? Accessed December 08, 2020. https://www.statista.com/statistics/912343/china-e-commerce-companies-going-public/, Ebrun. This booming eCommerce market is home to some of the savviest shoppers in the world, many of whom are cash-rich millennials that covet luxury high-end goods from foreign brands. Much will consumers in China has much higher conversion rates than traditional ones, especially for cross-border.! 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china e commerce statistics 2019

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