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Hainan's foreign trade value growth rate reaches 61.4%

ehainan.gov.cn | Updated: 2022-06-17

According to data released by Haikou Customs on June 15, the total import and export value of Hainan's trade in goods was 74.57 billion yuan ($11.13 billion) in the first five months of this year, an increase of 61.4 percent year-on-year. Its growth rate was 53.1 percentage points faster than the national average, ranking second in the country. 

Among them, the import value was 55.09 billion yuan, an increase of 54.5 percent, with the growth rate being 49.8 percentage points faster than the national level, ranking first in the country. The export value was 19.48 billion yuan, an increase of 85.1 percent, with the growth rate being 73.7 percentage points faster than the national level, ranking fourth in the country.

Data showed that from January to May, the foreign trade value of special customs supervision areas was 28.36 billion yuan, accounting for 38 percent of the province's total import and export value. Among them, the foreign trade value of Yangpu Bonded Port Area was 15.27 billion yuan, while that of Haikou Comprehensive Bonded Zone was 13.09 billion yuan.

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An aerial view of Haikou Comprehensive Bonded Zone. [Photo/VCG]

In the first five months of the year, Hainan's general trade imports and exports totaled 36.52 billion yuan, climbing 92.1 percent, while its bonded logistics imports and exports was 18.86 billion yuan, surging 59 percent.

In that period, Hainan's foreign trade value to the EU was 12.84 billion yuan, a growth of 55.8 percent, that to ASEAN was 11.99 billion yuan, a growth of 39.9 percent, that to other RCEP members was 25.79 billion yuan, a growth of 44.1 percent, and that to countries along the Belt and Road was 25.46 billion yuan, a growth of 104.7 percent.

Hainan imported 21.36 billion yuan of consumer goods from January to May, up 17.4 percent, accounting for 38.8 percent of the province's total import value during this period.