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Value of small parcels from China to UK doubles to £3bn as Shein sales soar

Value of small parcels from China to UK doubles to £3bn as Shein sales soar

Summary

The value of small parcels shipped from China to the UK has risen to £3 billion, mainly because of sales from companies like Shein and Temu. These parcels often avoid import taxes under current UK rules. The UK government is looking into these rules as local businesses express concerns about unfair competition.

Key Facts

  • Small parcels from China to the UK reached a value of £3 billion last year, more than double the previous year.
  • Companies like Shein and Temu are major contributors to this increase with their low-priced products.
  • Current UK rules allow small packages under £135 to avoid import taxes.
  • Local business owners are calling for quick changes to protect UK retailers from being underpriced by international sellers.
  • These Chinese parcels make up 51% of all small parcel imports to the UK, up from 35% the previous year.
  • Concerns include the impact on local businesses and the influx of potentially unsafe goods.
  • The UK government is reviewing these import tax exemptions following calls from major retailers for action.
  • Shein and Temu have been questioned by MPs about labor standards for their products.

Source Information