titlesubtitle

polygoncryptogame| China's e-commerce dominates South Korea's overseas shopping consumption: China surpassed the United States for the first time, reaching 17.4 billion yuan

editor|
32

News summary

South Korea's Haitao Marketpolygoncryptogame, China has surpassed the United States for the first time and become the largest consumption destination, with transaction volume increasing by 121 year-on-year in 2023polygoncryptogame.2%。

polygoncryptogame| China's e-commerce dominates South Korea's overseas shopping consumption: China surpassed the United States for the first time, reaching 17.4 billion yuan

Newsletter text

Chinese e-commerce has captured the South Korean market and led a new trend in overseas shopping

With the rapid expansion of Chinese e-commerce in the international market, South Korean consumers 'enthusiasm for overseas shopping of Chinese goods continues to heat up. According to the latest data from the Korea Statistics Office, consumption of Chinese goods from South Korea's overseas shopping industry will soar to 3.5 percent in 2023.polygoncryptogame.2873 trillion won (about 17.4 billion yuan), a year-on-year increase of more than doubled to 121.2%. This significant growth marks the first time that China has surpassed the United States and ranked first in South Korea's overseas shopping market. Specific to consumer categories, clothing, medical care, beverages, food, and daily and automotive supplies rank at the top of the hot-selling list. These categories reflectpolygoncryptogameThis reflects the diversified demand of Korean consumers for Chinese products. The analysis believes that Chinese e-commerce has effectively improved the purchasing experience of Korean consumers by optimizing the distribution system, and it is expected that there will be potential for further expansion in the scale of China's overseas shopping in the future.