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China's online market for agricultural products has reached 25 billion dollars since the beginning of the year - EastRussia | Far East

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The online market of agricultural products in China amounted to 25 billion dollars from the beginning of the year

As reported by Xinhua News Agency, the volume of electronic trade in agricultural products in China has exceeded 25 billion dollars since the beginning of the year. By the end of the year, this figure could grow to 32 billion dollars (220 billion yuan). Thus, the average monthly sales of products through online sites in China exceeds 2,6 billion.

As reported, according to the Ministry of Commerce of China, more than 1 million enterprises are currently conducting electronic sales of agricultural products.

At the same time, the Government of the People's Republic of China intends to develop this segment of online commerce, contributing to an increase in the efficiency of the circulation and supply system for agricultural products.

For comparison, the entire volume of e-commerce in Russia for the period January-September 2016 of the year for all groups of goods, including the cross-border segment, amounted to 6,5 billion dollars according to the Association of E-commerce Companies.