In the first two months of this year, our country's total social logistics volume reached 58.6 trillion yuan, showing a clear rebound trend.

The China Federation of Logistics & Purchasing announced today (27th) the logistics operation data for the first two months of this year. The data shows that China’s logistics industry has started the year well, with steady recovery in social logistics demand.

From January to February, the total social logistics volume in China reached 58.6 trillion yuan, a year-on-year increase of 6.7% based on comparable prices. The growth rate is 1.6 and 1.4 percentage points higher than the full year and same period last year, respectively, indicating a clear rebound. Structurally, domestic production and consumption, as well as international import logistics demand, have improved simultaneously, with logistics demand across various sectors accelerating compared to the same period last year. In the first two months, the total industrial goods logistics volume increased by 6.3% year-on-year. Over 80% of industrial sub-sectors experienced growth, with high-end equipment manufacturing industries such as computers, communications, other electronic devices, and aerospace, railways, and ships all growing by more than 10%.

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International logistics growth has significantly rebounded. In January and February, the total import cargo logistics volume increased by 9.6% year-on-year, accelerating by 9.1 percentage points compared to the full year last year, marking a strong start with high growth.

In the same period, the logistics volume for units and residents’ goods increased by 9.4% year-on-year, up 4.3 percentage points from last year. The rapid development of new formats like instant retail has effectively driven strong growth in new consumption logistics demand. Online retail sales in January and February grew by 10.3% year-on-year, the highest since June 2024. Rural consumption growth outpaced urban areas, with the proportion of county and township consumption steadily increasing. Demand for rural e-commerce, urban-rural joint distribution, and agricultural product logistics remains active, further strengthening the resilience of unit and resident logistics growth.

Logistics market size continues to expand, with steady improvements in operational quality and efficiency

In terms of total revenue, China’s logistics market continues to grow steadily at the start of the year, demonstrating the resilience of modern logistics development.

In January and February, the total logistics industry revenue reached 2.0 trillion yuan, a year-on-year increase of 5.2%, with the growth rate 0.4 percentage points higher than the same period last year. The China Logistics Industry Prosperity Index averaged 49.4 during this period, indicating a stable recovery of the industry with overall steady operation.

The freight network remains smooth and efficient, with accelerated optimization of transportation structure. Rail freight volume increased by 1.6% year-on-year in January and February, with container shipments up by 10.5%.

Cross-border logistics activity continued to rebound. In January and February, international air cargo and mail transportation volume reached 712,000 tons, a 23.8% increase year-on-year; the China-Europe freight train operated 3,501 trips, up 31.7% year-on-year.

Supply and demand in the logistics market are further optimized, service prices are gradually recovering, and the operational vitality of logistics companies is improving. Data shows that key logistics enterprises’ business revenue increased by 6.6% year-on-year in January and February, with the growth rate 1.0 percentage point higher than the same period last year.

Overall, the logistics industry started the year steadily, and the first quarter is expected to maintain a stable and progressive development trend. Fields such as supply chains, cross-border logistics, and multimodal transport will continue to grow rapidly.