解读2025年上半年我国物流运行数据

Core Insights - The logistics sector in China demonstrated steady growth in the first half of 2025, with a total social logistics volume of 171.3 trillion yuan, reflecting a year-on-year increase of 5.6% [1] - The growth rate of social logistics outpaced GDP growth by 0.3 percentage points, indicating strong support from logistics demand for economic development [1] Logistics Performance - The logistics volume for industrial products grew by 5.8% year-on-year, contributing 85% to the overall growth of social logistics [1] - The logistics demand from units and households increased by 6.1%, with online retail of physical goods rising by 6% [1] Emerging Industries - The logistics demand in emerging industries showed robust growth, with equipment manufacturing logistics demand increasing by 10.9% and high-tech manufacturing logistics demand growing by 9.7% [2] - Specific products such as 3D printing equipment and industrial robots saw logistics volume growth exceeding 20% [2] International Logistics - Despite a 3% year-on-year decline in total logistics for imported goods, the decline narrowed compared to the first quarter, with a 2.1% increase in June [2] - Imports from ASEAN, Japan, and South Korea showed positive growth, with integrated circuits seeing a notable recovery with an 8.9% increase [2] Logistics Industry Trends - The total revenue of the logistics industry reached 6.9 trillion yuan, marking a 5% year-on-year increase [3] - Key logistics indicators, including business volume index and new orders index, remained in the expansion zone, indicating a healthy logistics industry environment [3] Transportation Modes - Rail freight saw a steady increase, with 1.98 billion tons of goods transported, reflecting a 3% year-on-year growth [3] - Air cargo transportation volume reached 4.784 million tons, with international air cargo growing by 23.4% [3] E-commerce and Express Delivery - The express delivery sector experienced significant growth, with over 95 billion packages delivered, representing a 19.3% year-on-year increase [4] Future Outlook - The logistics sector is expected to continue its positive trajectory, supported by policy improvements and the dual drive of industrial and consumption upgrades [5] - The annual growth rate of social logistics is projected to remain around 5.5% [5]