Home /Media Center / Press Release / Cross-Border E-Commerce in China in H1 2023

Cross-Border E-Commerce in China in H1 2023

9.11.2023, 1:20:42 PM

468

In the first half of 2023, the total import and export value of China's cross-border e-commerce reached 1.1 trillion yuan, representing a YoY growth of 16%, according to the 52nd Statistical Report on China's Internet Development released by the China Internet Network Information Center (CNNIC). The share of cross-border e-commerce in foreign trade has risen to around 5% from less than 1% five years ago.

Kidswant Semi-Annual Report for 2023

Despite the decrease in operating revenue, Kidswant managed to improve their profitability in the first half of the year.

Recommendation

China's Evolving Stroller Market: Competition, Trends, and Innovations
Influenced by upgrading consumer demands and new parenting approaches, retail sales of children's strollers in 2024 reached 16.98 billion yuan (2.36 billion USD), a 17.5% year-on-year increase, according to the 2025 China Toy and Juvenile Products Industry Report by the China Toy and Juvenile Products Association.
Baby Carriers, Waist Stools Saw 105% Sales Surge on China's Tmall in February
According to the sales data for baby and children's products on China's e-commerce platform Tmall in February, there was a year-on-year increase in sales across 9 major product categories: children's bicycles, electric ride-on cars, scooters, children's four-wheeled strollers, baby bottles, children's car seats, high chairs, playpens, and baby carriers/waist stools. The top 3 categories with the highest sales growth were baby carriers/waist stools (105.1%), playpens (62.4%), and high chairs (52.9%).
Global Baby Stroller Market Poised for $1.86B Expansion by 2029, Report Says
The global baby stroller and pram market is projected to grow by $1.86 billion between 2025 and 2029, driven by urbanization, nuclear family trends, and AI integration, according to a report published by Technavio. The sector is expected to register a compound annual growth rate (CAGR) exceeding 7%, reflecting evolving consumer demands and technological advancements.
Top 10 Best-Sellers in May：Rising Trends in Mid-Range Bicycles and High-End Safety Gear
In the key categories of baby products, playpens and high chairs recorded year-on-year sales increases of 10.1% and 2.0% respectively. Data shows that in subcategories such as child safety seats, baby bottles, and high chairs, sales of high-end products have increased year-on-year.