For the first time exceeding 360 trillion yuan, China's logistics market size has remained the largest in the world for nine consecutive years.

The scale of China's logistics market ranks first in the world for nine consecutive years. In 2024, the total social logistics volume exceeded 360trillion yuan, and the logistics industry revenue reached 13.8 trillion yuan. There are more than 10000 class a logistics enterprises and more than 500 class 5A enterprises. The express business volume is 175billion pieces, and the cross-border e-commerce export is 2.15 trillion yuan. The proportion of total social logistics expenses in GDP fell to 14.1, a record low. In 2025, the logistics industry will continue to develop with high quality and help the economy to grow steadily.

China Federation of logistics and purchasing today (June 27) released the China logistics and supply chain development report (2024-2025). According to the report, the scale of China's logistics market has ranked first in the world for 9 consecutive years, and the supporting role of modern logistics in the national economy has been further enhanced.

According to the report, in 2024, the total amount of social logistics in China exceeded 360trillion yuan for the first time, the total revenue of the logistics industry in the whole year reached 13.8 trillion yuan, and the scale of the logistics market ranked first in the world for nine consecutive years. By the end of 2024, the number of A-level logistics enterprises in China has exceeded 10000 for the first time, and there are more than 500 5A level logistics enterprises representing the highest level in China. The overall development of the industry shows a trend of transformation from "logistics" to "supply chain". The national logistics node hub network has begun to take shape. According to the national logistics park survey, there are 2769 logistics parks above designated size.

In terms of professional fields, express logistics maintained rapid growth. In 2024, the annual express business volume reached 175billion pieces, with a year-on-year increase of more than 20%, ranking first in the world for 11 consecutive years. The scale of real-time logistics orders exceeded 48billion, a year-on-year increase of nearly 15%. Cross border e-commerce drives the vigorous development of cross-border logistics. In 2024, the export scale of cross-border e-commerce was 2.15 trillion yuan, with a year-on-year increase of 16.9%. The volume of international cargo and mail transportation increased by 29.3% year-on-year. Chinese enterprises have built more than 2500 overseas warehouses, with a total area of more than 30million square meters.

The cost of social logistics in the process of economic operation has decreased steadily. In 2024, the ratio of total social logistics cost to GDP was 14.1%, a decrease of 0.3 percentage points over the previous year, reaching the lowest level over the years. According to the current GDP scale, it is equivalent to saving more than 400billion yuan in logistics costs.

The report points out that 2025 will be the end of the 14th five year plan and the key year for modern logistics to move towards high-quality development. China has the advantages of large-scale market, complete industrial system and rich human resources. The fundamentals of long-term economic growth have not changed. China's logistics and supply chain is expected to continue its steady and positive development trend, and its ability to stabilize the chain and ensure supply will be improved in an orderly manner, which will help the logistics cost of the whole society to drop steadily. In 2025, the ratio of total social logistics cost to GDP is expected to further decline.