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​Xinhua Silk Road releases report on global digital trade

January 25, 2022


Abstract : Xinhua Silk Road has released a report on the development of the global digital tradein 2020 which is now available in Xinhua Silk Road Database (https://en.imsilkroad.com/login).

BEIJING, Jan. 25 (Xinhua) -- Xinhua Silk Road has released a report on the development of the global digital trade in 2020 which is now available in Xinhua Silk Road Database (https://en.imsilkroad.com/login).

It involves the basic situation and development features of the digital trade around the globe, the digital trade development in major countries, and the global digital trade development outlook. It also offers some suggestions on developing digital trade in China.

The sudden outbreak of COVID-19 in 2020 has dealt a heavy blow to the global economy, yet it has fueled the emergence of a large number of new patterns and formats of digital trade, such as web conferencing and digital healthcare, notes the report.

It says that the digital trade has shown strong resilience and vitality, and is driving profound changes in the global industry, supply, value and innovation chains.

It also says that according to statistics from the United Nations Conference on Trade and Development (UNCTAD), the global digital trade exports reached as high as 3.1926 trillion U.S. dollars in 2020, a year-on-year increase of 3.8 percent, with those in developed economies, developing economies and economies in transition respectively recording 2,431 billion U.S. dollars, 720.4 billion U.S. dollars and 41.2 billion U.S. dollars and accounting for 76.1 percent, 22.6 percent and 1.3 percent of the global digital trade exports.

According to the report, China's digital trade volume rose from 200 billion U.S. dollars in 2015 to 294.76 billion U.S. dollars in 2020, up 47.4 percent, and that the digital trade market of the county keeps expanding.

Information and data are important factors of production, and under the development trend of global digital revolution, the country that can maximize access to information and data resources will take a strategic commanding height in the new round of global technological and industrial competition, says the report.

You may log on Xinhua Silk Road Database (https://en.imsilkroad.com/login) to read the full report in our "Reports-Special Reports" section.

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: report global digital trade

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