The sales growth of Temu and SHEIN in overseas markets has driven a large number of domestic goods to be exported overseas, and the proportion of exported cross-border e-commerce goods in total exports has risen.
At the same time, since most of the goods of Temu and SHEIN are transported by air, the air freight market is booming.
In the first half of this year, China's cross-border e-commerce import and export volume reached 11 trillion yuan (US$155 billion), accounting for about 5 percent of the total merchandise value5%。
In some cases, some cross-border e-commerce platforms are willing to pay nearly twice as much for general freight customers to ensure delivery can be completed within the stipulated timeframe, according to logistics executives. As the air freight market gradually undersupplied, this has led to a rapid rise in air freight**.
Source: Financial Times Data shows that since the second half of this year, the air freight rate has increased significantly. It is understood that air freight on the transpacific route from Hong Kong and Shanghai** has risen steadily during the peak Christmas delivery period and is already higher than the level of 2022.
In stark contrast, from 2022 to the present, the global ocean freight composite index has been significant**.
Source: Souhang.com-Freight Trend
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Source: Souhang.com-Logistics Tools.
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