According to data from the China Federation of Logistics and Purchasing, China’s import logistics sector demonstrated robust expansion throughout 2023.
The total value of import logistics in the country reached 18 trillion yuan (approximately $2.53 trillion) last year, marking a significant 13 percent increase compared to the previous year. Notably, each quarter saw growth rates surpassing 10 percent, indicating sustained momentum in the sector.
Importantly, the flow of imported bulk commodities saw further expansion. China’s imports of energy products, including crude oil, natural gas, and coal, surged by 27.2 percent year-on-year, reflecting the country’s increasing demand for these essential resources.
Additionally, China imported 1.46 billion tons of iron, aluminum, and other metal ores in 2023, representing a notable 7.6 percent increase from the previous year.
These developments underscore the resilience and dynamism of China’s import logistics sector, which plays a crucial role in facilitating the country’s trade activities and meeting its resource needs. As China continues to strengthen its position in the global market, the import logistics industry is poised to remain a key driver of economic growth and development.
