In the past five years, China's scale of cross-border e-commerce trade has increased by more than 10 times, People's Daily reported on Tuesday quoting He Yadong, spokesman for the Ministry of Commerce, during a news conference.

In the first quarter of 2024, the cross-border e-commerce trade was 577.6 billion yuan ($79.76 billion), an increase of 9.6 percent year-on-year, of which the export was 448 billion yuan, an increase of 14 percent year-on-year according to the ministry.

Cross-border e-commerce is an effective force in the development of China's foreign trade and an important trend in the growth of international trade

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Preliminary statistics show there are more than 120,000 cross-border e-commerce entities in the country, at least 1,000 cross-border e-commerce industrial parks, and over 2,500 overseas warehouses with a total area of more than 30 million square meters, of which more than 1,800 overseas warehouses focused on serving cross-border e-commerce with a total area of over 22 million square meters.

Cross-border e-commerce is an effective force in the development of China's foreign trade and an important trend in the growth of international trade. The development speed of cross-border e-commerce, overseas warehouses, and other new foreign trade infrastructure is fast, the growth potential is large, and the driving effect is strong.

READ MORE: China's cross-border e-commerce trade up 9.6% in Q1

The ministry said it will facilitate industrial development, relying on China's 165 cross-border e-commerce comprehensive pilot zones, combined with the industrial endowments and location advantages of various places, to drive more enterprises in the industrial belt to use cross-border e-commerce to participate in international trade.