my country’s logistics market size has ranked first in the world for 9 consecutive years, exceeding 360 trillion for the first time

Passionategeekz On June 27, the China Federation of Logistics and Procurement released the “China Logistics and Supply Chain Development Report (2024-2025)” today. The Report has been released for 23 consecutive years since its first edit and publication in 2002.

Passionategeekz learned from the report that in 2024, my country’s total social logistics volume exceeded 360 trillion yuan for the first time, and the total annual logistics industry revenue reached 13.8 trillion yuan.The logistics market size has ranked first in the world for 9 consecutive years. The ratio of total social logistics costs to GDP is 14.1%, the lowest level since statistics were found. There are more than 10,000 A-level logistics companies, and more and more logistics companies are accelerating their transformation and upgrading to supply chain companies. The industry’s development generally shows a trend of transformation from “logistics” to “supply chain”.

From the perspective of professional fields, express logistics maintained rapid growth, with the annual express business volume reaching 175 billion pieces, an increase of more than 20% year-on-year.Ranked first in the world for 11 consecutive years. The scale of instant logistics orders exceeded 48 billion orders, an increase of nearly 15% year-on-year.

The report shows that in the future, my country’s logistics and supply chain will continue to have a steady and positive trend, domestic demand will contribute to the endogenous driving force of growth, moderately optimize the market competition pattern, deepen adjustment of the logistics service network, digital and intelligent green leads industry changes, and the ability to stabilize chains and ensure supply is improved in an orderly manner, helping the logistics costs of the whole society to steadily drop.It is expected that the ratio of total social logistics costs to GDP will further decline.。

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