In the first half of 2022, the total value of social logistics in Hainan exceeded 498 billion yuan, up 6.2% year-on-year. Let's have a look.

According to the Hainan Development and Reform Commission, in the first half of this year, the total value of social logistics in the province reached 498 billion yuan, with a year-on-year growth of 6.2%. Among them, the logistics demand of agricultural products increased steadily with a growth rate of 22.26%, while the demand of imported goods maintained a rapid growth with an increase of 47.12%.

The total value of agricultural products logistics achieved 120.16 billion yuan, with a year-on-year increase of 22.26%, accounting for 24.12% of the total. The industrial goods logistics costs were 106.9 billion yuan, down 1% year-on-year, accounting for 21.47% of the total; while the figure for imported goods amounted to 65.29 billion yuan, rising by 47.12% year-on-year, accounting for 13.11% of the total.

The transportation cost of social logistics showed a continuous year-on-year decline of 13.04% to with 59.4 billion yuan. The ratio of total social logistics cost to GDP in Hainan was 18.89%, a year-on-year decrease of 4.78 percentage points. The logistics cost showed a further decrease.

The total revenue of the modern logistics industry in the province reached 61.73 billion yuan, a growth of 16.03% year-on-year.