China's logistics sector made remarkable progress during the 14th Five-Year Plan period (2021-2025), with its market size remaining the world's largest throughout the period, according to the China Federation of Logistics and Purchasing.
Over the past five years, China's total social logistics volume has been growing steadily and is expected to reach 380 trillion yuan (about 53.14 trillion U.S. dollars) by the end of 2025, representing an increase of about 80 trillion yuan in these five years.
Meanwhile, the total revenue of China's logistics industry has expanded significantly, rising by roughly 4 trillion yuan over the five years.
It is projected to exceed 14 trillion yuan for the year of 2025, with the market size expected to remain the largest globally for ten consecutive years.
"Since the start of the 14th Five-Year Plan, China's logistics industry has made remarkable progress. The country's logistics scale has ranked first in the world for nine consecutive years, underscoring the advantages of its vast market size. This has also played a positive and supportive role in China's national economic development," said Cai Jin, head of the China Federation of Logistics and Purchasing, on Tuesday.
Freight logistics demand is growing rapidly as well. It is estimated that the year 2025 will see total social freight volume surpass 59 billion tons.
In addition, express delivery volume is projected to exceed 200 billion parcels in 2025, maintaining its status as the world’s largest for 12 consecutive years.
China's logistics sector remains world's largest by market size in past five years
China's logistics sector remains world's largest by market size in past five years
China's logistics sector remains world's largest by market size in past five years
