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Hangzhou's cross-border e-commerce imports and exports hit 66.69 billion yuan in first 8 months, overseas warehouse exports surge 2.6 times
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According to data from Hangzhou Customs, from January to August 2024, the total import and export volume of cross-border e-commerce in Hangzhou reached 66.69 billion yuan, a year-on-year increase of 7.3%. The overseas warehouse export model performed particularly strongly, with exports totaling 24.58 billion yuan, a 2.6-fold increase compared to the same period last year. The number of cross-border e-commerce business entities in Hangzhou surged from 154 to 1,283, an increase of over eight times. The report, published by Ebrun Power, notes that the overseas warehouse model has shifted from an alternative channel to a core growth driver, leveraging advantages such as local delivery, convenient returns and exchanges, and the ability to sell large items, thereby accelerating the replacement of traditional platform drop-shipping models. The rapid expansion of business entities reflects a concentrated entry of industrial belt factories, brand owners, and service providers, indicating a mature full-chain layout of Zhejiang bonded warehouses, overseas warehouses, and industrial belts.
Source report
According to data from Hangzhou Customs, from January to August 2024, the total import and export volume of cross-border e-commerce in Hangzhou reached 66.69 billion yuan, a year-on-year increase of 7.3%.
Among this, exports via the overseas warehouse model performed particularly well, reaching 24.58 billion yuan, a surge of 2.6 times compared to the same period last year.
Meanwhile, the number of cross-border e-commerce business entities in Hangzhou grew from 154 in the same period last year to 1,283, representing an increase of more than 8 times.
Structural Shift
In terms of structural changes, the overseas warehouse model has evolved from an alternative channel into the core driver of growth. Leveraging advantages such as local delivery, convenient returns and exchanges, and the ability to sell large-sized goods, it is increasingly replacing the traditional platform-based drop-shipping model.
Rapid Expansion of Business Entities
The rapid expansion of business entities reflects a concentrated influx of factories from industrial belts, brand owners, and service providers. The full-chain layout of Zhejiang bonded warehouses + overseas warehouses + industrial belts is becoming increasingly mature.
This article was first published on the official website of Ebrun.
Source
亿邦动力Regional