In the first half of the year, the total amount of social logistics in China increased by 5.6% year-on-year. Logistics operations remained stable with progress, and both quality and efficiency improved
2025-07-30
On July 29th, the China Federation of Logistics and Purchasing and the China Logistics Information Center released data showing that in the first half of the year, the total amount of social logistics in China was 171.3 trillion yuan, a year-on-year increase of 5.6% calculated at comparable prices, with a growth rate 0.1 percentage points lower than the first quarter. Meng Yuan, Deputy Director of the Logistics Statistics Department of China Logistics Information Center, told reporters that in the first half of 2025, China's logistics industry will show a development trend of "steady progress and dual improvement of quality and efficiency". At the same time, the total amount of social logistics in the first half of the year showed a high synchronous correlation with GDP growth, indicating that logistics demand and economic operation maintained a coordinated development trend. In addition, the growth rate of total social logistics in the first half of the year was still 0.3 percentage points higher than the GDP growth rate, reflecting the strong supporting role of logistics demand in economic development. In the first half of the year, the potential of domestic demand was accelerated, and the total amount of social logistics maintained stable growth. The potential of domestic demand was accelerated, and the demand structure continued to optimize. Specifically, the total amount of industrial logistics increased by 5.8% year-on-year. The contribution rate of industrial logistics total to the growth of social logistics total is 85%. The core pillar position of logistics demand continues to consolidate, providing a solid guarantee for the stability of industrial economy and the smooth operation of industrial supply chain, highlighting its basic role as a "ballast stone". The total logistics volume of imported goods decreased by 3.0% year-on-year. Especially since June, the growth rate of total logistics volume of imported goods has turned from negative to positive, with a year-on-year increase of 2.1%. In the first half of the year, the total logistics volume of goods between units and residents increased by 6.1% year-on-year. From the perspective of segmented fields, the scale and quality of consumer related logistics have improved synchronously. Enterprises in various fields actively expand online channels to promote rapid growth in demand for physical goods logistics online. The online retail sales of physical goods increased by 6.0% in the first half of the year. In June, China's e-commerce logistics index was 111.8 points, up 0.2 points from May, achieving four consecutive months of recovery and setting a new high for the year. From the perspective of logistics demand in emerging industries, the logistics demand of equipment manufacturing industry increased by 10.9% year-on-year in the first half of the year, and the logistics demand of high-tech manufacturing industry increased by 9.7%, becoming an important growth point to drive logistics demand. Meng Yuan stated that in the first half of the year, China's logistics operations have been stable with progress, and the quality and efficiency of both supply and demand have been improved. On the demand side, the total amount of social logistics has steadily increased, the structure has been significantly optimized, the industrial logistics has stabilized its basic base, the new quality logistics has reached a new high, the international logistics has diversified, and the logistics vitality of units and residents has been enhanced. In the first half of the year, driven by the strong upgrading of industrial quality, the supply side of the logistics industry actively underwent changes, with most sub sectors operating well and logistics supply scale and structure upgrading synchronously. In terms of market size, the total revenue of the logistics industry in the first half of the year was 6.9 trillion yuan, a year-on-year increase of 5.0%, with a growth rate 0.1 percentage points higher than the first quarter. Meng Yuan stated that in terms of the scale of logistics supply, the expansion of total social demand has released the potential of the logistics market, and the upgrading of logistics supply supports economic growth; From the perspective of industry prosperity, the average value of China's logistics industry prosperity index (LPI) in the first half of the year was 50.5%, up 0.3 percentage points from the first quarter. The overall prosperity level of the logistics industry is good, and under the background of industrial upgrading, various fields cooperate with each other to continuously optimize supply. It is worth noting that e-commerce express logistics supply accurately matches the demand for consumer change. Data shows that in the first half of the year, the cumulative volume of express delivery services exceeded 95 billion pieces, a year-on-year increase of 19.3%; The revenue of postal express logistics industry exceeded 720 billion yuan, an increase of 9.9%. Faced with consumers' high demands for quality and timeliness, enterprises have improved their business capabilities by adding consolidation centers, setting up front warehouses, and opening high-speed rail lines to achieve 'hourly delivery' and 'same day delivery' services. In response to the characteristics of small and multi batch orders brought by live streaming e-commerce, enterprises widely use intelligent devices such as unmanned vehicles and AI sorting systems to improve efficiency and reduce costs, successfully adapt to fragmented needs, and promote the transformation of the industry from extensive to refined and intelligent service models. ”Meng Yuan analyzed that. It is worth noting that in the first half of the year, the total cost of social logistics was 9.2 trillion yuan, a year-on-year increase of 5.0%, with a growth rate 0.3 percentage points higher than the first quarter. In Meng Yuan's view, on the supply side, logistics services demonstrate strong resilience and adaptability in complex environments, and sub sectors such as railways, aviation, and e-commerce express delivery work together to improve quality. The optimization of policies and infrastructure environment, structural upgrading of logistics system, and innovation of logistics technology have provided strong driving forces for effectively reducing the logistics costs of the whole society, and provided key support for the smooth circulation of the national economy. However, it should also be noted that since the second quarter, logistics operations have faced short-term impacts and some indicators have fluctuated. To better cope with industry competition, logistics companies still need to achieve 'incremental quality improvement' in their operations through technological cost reduction, business transformation, efficiency optimization, and other means. ”Meng Yuan said. Looking ahead to the second half of the year, Meng Yuan expects that with the continued implementation of policies, the logistics demand in areas such as upgraded manufacturing, green development, and people's livelihood consumption is expected to continue its good trend. The backward production capacity in traditional manufacturing may continue to decline, and the pressure on cross-border import logistics is expected to improve. The annual growth rate of total social logistics is expected to remain around 5.5%. Against the backdrop of stable scale and improved industry quality, the high-quality development of logistics still needs to be driven by multiple factors such as policies, technology, models, and business environment, effectively reducing the logistics costs of the whole society and helping the industry accelerate from "scale expansion" to "quality and efficiency upgrading". (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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