Global parcel shipping revenue hit $279 billion in 2017

Global parcel shipping hit $279 billion in revenue last year, according to the Pitney Bowes Parcel Shipping Index.

Parcel volume grew 17% year-on-year, from 63.6 billion in 2016 to 74.4 billion—an average of 22 parcels per person, or 2,300 parcels shipped per second.

China experienced the largest parcel volume growth at 28% year-on-year, accounting for 40.1 billion parcels—more than triple the 11.9 billion sent by the US and the 9.6 billion sent by Japan.

However, the US ranked highest for shipping revenue at $107 billion, followed by China at $73 billion and Japan at $25 billion.

Japan earned the top spot for shipping per capita with 76 parcels shipped per person—followed by the UK at 48 parcels per person and Germany at 41.

The UK shipped 3.2 billion parcels, which year-on-year growth of 8%. Germany shipped a total of 3.4 billion parcels, with year-on-year growth of 6%.

(Source: Business Insider)