Home breadcru News breadcru Logistics breadcru China's logistics market rose 9.7% YoY in Jan-Nov period

China's logistics market rose 9.7% YoY in Jan-Nov period

30 Dec '21
1 min read
Pic: Chuyu | Dreamstime.com
Pic: Chuyu | Dreamstime.com

The logistics market of China expanded by 9.7 per cent year-over-year (YoY) to reach 288.8 trillion yuan (approximately $45.34 trillion) between January 2021 and November 2021, according to the data from the China Federation of Logistics and Purchasing. The market grew despite a sudden increase in COVID-19 cases and global supply chain crisis.

The logistics sector of China collectively made a revenue of 10.8 trillion yuan between January and November, up 15 per cent YoY with a 2-year average growth of 8.2 per cent.

Import logistics had reduced by 0.2 per cent YoY in the 11-month period, but it bounced back in November, growing by 8.9 per cent YoY, according to the federation.

Coal imports of China increased significantly as the growth rate went up to 200 per cent in November and 10.6 per cent YoY between January and November.

ALCHEMPro News Desk (KD)

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