In the first quarter of this year, the total social logistics in the country reached 91 trillion yuan, with industrial goods logistics accounting for over 80 percent.

The China Federation of Logistics and Purchasing today released the logistics operation data for the first quarter of this year. In the first quarter, China's macroeconomic situation continued to show mild recovery, the consolidation of the supply chain from upstream to downstream was further strengthened, the logistics operation started steadily and trended well, and the demand structure continued to optimize. In the first quarter of this year, the total social logistics value in the country, which is the sum of the physical value in logistics operation, was 91 trillion yuan, an increase of 5.7% year-on-year, accelerating by 0.4 percentage points compared to January and February. In terms of structure, with the solid promotion of the new development concept and the accelerated construction of the new development pattern, the overall improvement of the logistics demand structure is evident, and the role of new engines in driving growth is gradually emerging. In the first quarter, the total logistics value of industrial products increased by 5.9% year-on-year, accounting for more than 80% of the total social logistics value, and remains the main driving force for the growth of logistics demand.