China's logistics value grew 3.4% in 2022 to RMB347.6 trillion, while the total revenue of the logistics industry reached RMB 12.7 trillion, up 4.7% YoY.

Railway transport, cold chain facilities, and express delivery maintained higher growth rates. The national railway network transported 3.9 billion tons of goods, up 4.7% YoY, the highest in nearly three years. Cold-chain logistics market size is expected to exceed RMB 450-490 billion in 2022. Express delivery volumes totalled 110.6 billion parcels, a net increase of 2.3 billion over the previous year.

International logistics continue to unlock new routes and expand existing channels with 16,000 China-Europe freight trains operated and 1.6 million TEUs shipped in 2022, up 9% and 10% YoY respectively. Meanwhile, the New Land-Sea Corridor in western China maintained strong growth momentum, with 756,000 TEUs shipped in 2022, up 18.5% YoY.