Hainan FTP Mid-year Data Report ②:International Trade
News source:hiHainan / By Cai Rong / 12 02,2020 19:32:00 / Free Trade Port

1. The number of overseas-funded enterprises has multiplied several times over.

As of November 20, 2020, 3,695 enterprises have been listed in Hainan’s Directory of Enterprises with Foreign Exchange Receipts and Payments in Trade this year, of which 1,731 were newly added, 3.9x higher than the number added last year.

Since June, there were 1,496 newly added enterprises in the directory, up 7x year-on-year and an increase of 6.4x over the first five months of the year. 

2. Foreign investment has greatly increased.

From June 1 to November 20 this year, there were 92 newly added foreign-invested enterprises, up 119% year-on-year and up 411% compared to the first five months of the year.

The cumulative cross-border inflow of newly added foreign investment amounted to 400 million USD, up 100% year-on-year and up 39x compared to the first five months of 2020. 

The signing amount for foreign investment reached 2.97 billion USD, up 15x year-on-year. 

3. The business scale of foreign trade enterprises has increased remarkably.

As of November 20, 2020, the foreign-related income and expenditure of Hainan’s current accounts totaled 10.18 billion USD, up 14% year-on-year. This includes 2.36 billion USD in foreign-related income, almost exactly the same as the numbers over the same period last year, and 7.82 billion USD in the foreign-related expenditures, up 20% year-on-year.

Since June, the foreign-related income and expenditure of the province’s current accounts totaled 6.26 billion US dollars, up 26% year-on-year. This includes 1.48 billion USD in foreign-related income, up 14% year-on-year, and 4.78 billion USD in foreign-related expenditure, up 30% year-on-year.

4. Offshore resale business has grown exponentially.

As of November 20, foreign-related income and expenditure of Hainan’s offshore resale business totaled 1.25 billion USD, up 8.8x year-on-year.

Since June, foreign-related income and expenditure totaled 1.07 billion USD, up 22.3x year-on-year.

5. Foreign exchange payments in import of departure duty-free products increased greatly. 

As of November 20, foreign exchange payments in import of Hainan’s departure duty-free enterprises totaled 2.66 billion USD, up 2.2x year-on-year. 

Since June, foreign exchange payments in import have reached 2.01 billion USD, up 3x year-on-year.

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