Global digital trade export volume reaches 7.23 trln US dollars in 2024: report

China

Global digital trade export volume reaches 7.23 trln US dollars in 2024: report

2025-09-26 17:19 Last Updated At：19:37

The export volume of global digital trade reached 7.23 trillion U.S. dollars in 2024, according to the Global Digital Trade Development Report 2025 released at the ongoing Fourth Global Digital Trade Expo (GDTE) in Hangzhou City, east China's Zhejiang Province on Friday.

The report shows that, according to the calculations by the compilation team, global digital trade achieved robust growth during 2020-2024 period, with the export volume increasing from 4.59 trillion U.S. dollars to 7.23 trillion U.S. dollars. This represents an average annual growth rate of 12.1 percent, which is higher than the average annual growth rate of 9.7 percent for global trade during the same period.

The export volume of digital delivery trade was 4.64 trillion U.S. dollars in 2024, with an average annual growth rate of 9.7 percent, while the digital ordering trade showed an even faster expansion, with an export volume of 2.62 trillion U.S. dollars and an average annual growth rate of 16.8 percent.

The five-day GDTE, China's only national-level exhibition dedicated to digital trade, kicked off on Thursday, bringing together thousands of companies around the world to Hanzhou to showcase their latest advancements in technologies and digital trade.

This year, the expo covers fields including digital entertainment, artificial intelligence (AI), Silk Road e-commerce, smart travel, digital healthcare, smart space, and intelligent logistics. For the first time, the expo has introduced over 30 activities and competitions related to connectivity, investment and financing.

Under the theme "Witness the innovative future at the Global Digital Trade Expo," the event attracted 1,800 exhibitors from 154 countries and regions. More than 20 percent of these are international exhibitors, with over 70 being Fortune Global 500 companies. This year’s total exhibition area covers more than 150,000 square meters.

Cuban youth hold march to protest U.S. blockade

A youth march themed "Here with Fidel" was held in Havana, Cuba, on Wednesday to call for an end to the U.S. blockade.

Cuban President Miguel Diaz-Canel, Prime Minister Manuel Marrero Cruz, and other party and state leaders participated in the event.

At 08:00, members of Cuba's Union of Young Communists and the Jose Marti Pioneers Organization, along with people from various sectors gathered at the iconic Malecón waterfront promenade in the capital. The participants first delivered speeches and staged artistic performances to express their determination to inherit history, oppose the blockade, and defend the revolutionary cause. Following this, the parade, featuring cyclists and motorcyclists, set off from the José Martí Sports Stadium.

This year marks the 100th anniversary of Cuban revolutionary leader Fidel Castro's birth and April 4 is the anniversary of the founding of the Union of Young Communists in 1962.

One participant said that Cuba does not deserve the unjust treatment it has endured for decades.

"Cuba is a country of peace, a country of love, and it does not deserve this unjust blockade that we are currently facing. The youth at the centenary of Fidel Castro are stepping up to defend and support the revolution. We will not stop because Cuba is a country that resists and lives,” said a participant.

Another participant spoke of the difficult times facing the nation and the essential role of young people.

"We are living through very complex times in our country. Amid all this, young people must play a fundamental role. Here we are; we arrived by bicycle, and some have come on foot. Hopefully, this message reaches the world. I hope that young people from different nations can connect with each other, coming together more and more to strive for a better planet," he said.