TapTechNews August 2nd news, Yonhap News Agency reported that according to the statistical data released by the Korean Statistical Office yesterday, the cross-border e-commerce online shopping (overseas online shopping) scale in the second quarter of South Korea exceeded 2 trillion South Korean won for the first time (TapTechNews note: currently about 10.52 billion yuan). The proportion of Chinese products exceeded 60% for the first time.
Among the top three overseas online shopping markets in South Korea, China ranked first, and the transaction volume increased significantly by 64.8% year-on-year, reaching 1.24 trillion South Korean won (currently about 6.522 billion yuan).
It is reported that this is mainly because Chinese cross-border e-commerce platforms such as AliExpress and Temu attract a large number of South Korean overseas online shopping groups with price advantages. The overseas online shopping proportion of Chinese products also exceeded 60% for the first time, reaching 61.4%. While in the same period of last year, it was only 46.8%, increasing by 14.6 percentage points in just one year.
The overseas online shopping market from South Korea to the United States decreased by 9.2% year-on-year to 424.9 billion South Korean won (currently about 2.235 billion yuan), accounting for 21.1%; the transaction volume of the overseas online shopping market to Japan was 134.6 billion South Korean won (currently about 708 million yuan), increasing by 16.4% year-on-year, accounting for 6.7%.