Nantong Comprehensive Bonded Zone sees robust growth in imports in H1

A bonded warehouse in Nantong Comprehensive Bonded Zone of the Nantong Economic and Technological Development Area in East China's Jiangsu province. [Photo provided to NETDA] 

Cross-border e-commerce imports in Nantong Comprehensive Bonded Zone of the Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province are expected to hit 500 million yuan ($69.65 million) in the first half of this year, 10 times last year's value, according to Nantong Customs.

One of the reasons behind the boom is that the comprehensive bonded zone had rolled out favorable policies to attract nearly 30 cross-border e-commerce enterprises including Tmall, Douyin, Kuaishou, Pinduoduo and Meituan.

The major cross-border e-commerce enterprises have expanded import items to more than 3,000 stock keeping units ranging from cosmetic products, pet food, and electronic products to baby care products and beverages.

Another reason is that the zone provides excellent customs clearance services, with 24-hour service offered during e-commerce festivals such as the Nov 11 shopping gala and June 18 shopping spree.

Authorities have also been making efforts to optimize the management system of e-commerce and have coordinated with Nantong Airport to open cargo air routes.

In addition, authorities have welcomed livestreaming e-commerce enterprises to advance the sales of imported products.

A representative of Huchong E-commerce Co said that the zone's e-commerce industrial park has provided a platform for his company and he has decided to sell foreign skin care and health care products through livestreaming platforms.

As of the end of June 9, the zone had sold 330 million yuan of imported products.