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China retains crown as the world’s largest logistics market

With a strong presence and a network of offices and logistics hubs across China, delivering global freight services across all modes, the U-Freight Group notes that an article on the Logistics Middle East website that the country has maintained its position as the world’s largest logistics market for the seventh consecutive year, according to a report by the China Federation of Logistics and Purchasing.The article says that China’s logistics market registered an impressive USD2.0 trillion in revenue in 2022, marking a 4.7% growth compared to the preceding year.Moreover, the country’s total social logistics market witnessed a year-on-year growth of 3.4%, reaching USD50 trillion in 2022, China’s national news agency Xinhua is reported to have said, citing data from the federation.In 2022, the country’s top 50 logistics companies raked in nearly USD288 billion in revenue, as new internationally competitive enterprises emerged in the market.The report underlines China’s continued dominance in the global logistics industry, fuelled by the country’s focus on modernising its infrastructure and developing its logistics sector.You can find more information about the U-Freight Group’s international freight and logistics services to and from China, as well as our comprehensive network in the country, by visiting the relevant pages on this website, or speaking to your usual contact in our company.