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CHINA'S EXPRESS DELIVERY SECTOR SEES DOUBLE-DIGIT GROWTH IN 2023
January 23, 2024
China's express delivery industry saw a double-digit expansion in 2023, driven by a surge in demand as the economic recovery gained further momentum.
Citing data from the State Post Bureau (SPB), Chinese state media Xinhua said express courier firms in the country handled 132.07 billion parcels in 2023, up 19.4% compared to the previous year.
This figure has ranked first in the world for 10 consecutive years.
The sector raked in total revenue of 1,207.4 billion yuan (about US$169.8 billion) during the period, also up double-digits or by 14.3% year-on-year.
In December alone, China's courier sector saw growth with 13.26 billion deliveries and 118.88 billion yuan in business revenue.