By continuing to browser our site and use the services you agree to our use of cookies, Privacy Policy and Terms of Use. You can change your cookie settings through your browser.
China's southern island province of Hainan, which is developing into the world's largest free trade port, recorded robust foreign trade growth in the first five months of 2022, according to Haikou Customs.
The value of the province's total imports and exports from January to May totaled RMB 74.57 billion (about USD 11 billion), up 61.42% year on year.
Photo shows the hustle and bustle at Yangpu Port in Hainan’s Danzhou City. In the past five months, the port saw a total import and export value of RMB 15.27 billion, up 158.2% year on year. HAINAN DAILY
Exports rose 85.1% to RMB 19.48 billion, while imports reached RMB 55.09 billion, up 54.5% year on year — this growth rate is 49.8% faster than the national average, ranking first nationally.
In the January-May period, the import value of consumer goods hit RMB 21.36 billion, accounting for 38.8% of the province’s total imports. Organic chemicals imports registered a significant increase, up 331.2% year on year to RMB 7.36 billion.
Over the past five months, import and export trade between the province of Hainan and the European Union, the Association of Southeast Asian Nations (ASEAN), and other member states of the Regional Comprehensive Economic Partnership (RCEP) all saw clear increases of 55.8%, 39.9% and 44.1% respectively. In addition, the province's trade with countries and regions along the Belt and Road soared to RMB 25.46 billion, up by 104.7%.
Meanwhile, the foreign trade of Hainan's foreign-funded enterprises rose by 58.9% year on year to RMB 17.32 billion.
It's time Japan faced its war crimes and militarist past
06:28, 07-July-2025Hainan Airlines and AirEuropa launch new code-share agreement
04:36, 05-July-2025Hainan sees surge in inbound tourists
04:31, 05-July-2025China's first green methanol injection completed on diesel-fueled vessel
04:25, 05-July-2025World first! New smart research ship to begin Hainan tour
04:24, 05-July-2025Attention Travelers! New power bank rules on China flights!
04:24, 05-July-2025By continuing to browser our site and use the services you agree to our use of cookies, Privacy Policy and Terms of Use. You can change your cookie settings through your browser.