Cross-border E-commerce Transactions Surge, Imported Goods’ Price to be Same as Other Countries’

图为万国万购保税进口商品线下体验店

Authorities forecast that China will become the world's largest cross-border B2C consumer market in five years.

By 2020, China is expected to become the world's largest cross-border B2C consumer market, China's cross-border e-commerce will drive the global cross-border consumption to grow nearly 4% on average every year. This is learned from the "Chinese cross-border e-commerce development forum" held recently. For the consumer, the price difference of imported goods through the general import trade that is disappearing and cross-border import e-commerce is expected to achieve the same price as other countries’.

Recently, Ali Institute jointly issued global cross-border B2C e-commerce trend report with Accenture in Beijing and forecast in 2020 global cross-border B2C e-commerce turnover will reach $ 994 billion, benefiting 943 million consumers worldwide.

It’s reported that, in recent years, global B2C market is growing rapidly, in the coming years it will continue to maintain an average annual growth rate of nearly 15%, from 2014 it will deal size will increase from 2014 $ 1.6 trillion to 2020 $ 3.4 trillion. Among them, the global cross-border B2C e-commerce grows rapidly.

In addition, in 2020 cross-border B2C consumers will increase to 900 million from 2014 309 million, with an annual increase of more than 21%, among them the new turnover of China and other Asia-Pacific countries tops with 53.6%.

Data shows that in 2014 China’s consumption abroad exceeded one trillion yuan, overseas visits exceeded 100 million. Insiders said that the price difference of goods through the general import trade lead people to shop abroad, while the cross-border import e-commerce is expected to change this dilemma and to achieve the same price as other countries’. (www.chinainout.com)