On May 30, the China Federation of Logistics and Purchasing announced the social logistics operation data for the first four months of 2023. The data shows that from January to April, the total amount of social logistics continued to expand, and the growth rate of total logistics in most fields accelerated.
From January to April 2023, the total amount of national social logistics is 107.6 trillion yuan, a year-on-year increase of 4.4%, an increase of 0.5 percentage points from the first quarter. In April, the total amount of social logistics nationwide increased by 6.3% year-on-year, 0.8 percentage points higher than that in March.
On the whole, under the combined effect of factors such as the overall recovery of the economy, the continuous release of policy effects, and the low base in the same period, the growth rate of logistics demand rebounded significantly in April.
Specifically, the recovery of demand for industrial product logistics is relatively solid. Since 2023, the total amount of industrial product logistics has shown a trend of accelerated development month by month. Among them, the growth rate in April was 1.7 percentage points faster than that in March. The upstream and downstream of the industrial chain rebounded simultaneously, and the growth area was further expanded. The growth rate of more than 60% of the industries was faster than that in March or the decline was narrowed. In April, equipment manufacturing boosted the growth rate of total industrial product logistics by 1.3 percentage points. Among them, the total logistics volume of automobile manufacturing and electrical machinery equipment manufacturing increased by 44.6% and 17.3% respectively.
From the perspective of consumer logistics demand, from January to April, the total logistics volume of units and residents increased by 9.0% year-on-year, and the growth rate was 3.1 percentage points higher than that in the first quarter.
Liu Yuhang, director of the China Logistics Information Center: Online e-commerce and physical retail have improved simultaneously. Online retail sales of physical goods, including retail sales in physical stores, have reached a double-digit growth rate year-on-year, indicating that residents' consumption The will is still relatively strong.
From the perspective of import logistics, the growth has slowed down. In April, the total import logistics volume increased by 9.4%, which was more than 10 percentage points lower than that in March. From the perspective of goods, the growth rate of import logistics of resources such as iron ore and its concentrate, crude oil, coal and lignite generally slowed down compared with March; products such as automobiles and integrated circuits continued to fall, and the rate of decline expanded.
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