The Hongqiao CBD Bonded Logistics Center (Type B) has set a new record in trade volume over the first half of this year, driven by Shanghai's booming cross-border e-commerce sector. Shanghai Customs' smart customs initiatives have played a crucial role in this growth.
From January to June, the bonded logistics center processed 5.1 million cross-border e-commerce import orders, accounting for 40 percent of the city's total and showing a 14 percent year-on-year increase. Its import value reached 1.07 billion yuan ($147.15 million), making up 42 percent of the city's total and showing a 10 percent year-on-year increase.
The center's bonded warehouse is a key hub for cross-border e-commerce retail imports. Imported goods are stored here and dispatched to consumers nationwide after orders are placed online. The center operates 24/7, shipping over 23,000 items daily.
Same-day delivery for cross-border e-commerce imports is now possible thanks to smart customs advancements. This year, Shanghai Customs introduced electronic payment for retail import taxes, streamlining data flow and significantly reducing clearance times.
The first half of the year also saw significant growth in exported goods, with Pudong International Airport leading the nation's aviation ports in cross-border e-commerce export volume. At Pudong International Airport, parcels from cross-border e-commerce orders are sorted and loaded onto cargo planes, waiting for export.
As Shanghai's cross-border e-commerce trade hits historic highs, the city's two major airports continue to expand their air routes. Pudong and Hongqiao airports now cover 277 destinations in 51 countries and regions worldwide.
This robust performance underscores Shanghai's position as a leading hub for cross-border e-commerce, facilitated by innovative customs solutions and expanding global connectivity.
