First quarter 2022 figures for Hainan’s imports and exports to countries along the Belt and Road

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First quarter 2022 figures for Hainan’s imports and exports to countries along the Belt and Road

2022-05-06

According to statistics from Haikou Customs, in the first quarter of 2022, Hainan’s imports and exports to countries along the “Belt and Road” were 13.44 billion yuan, an increase of 95.5% over the same period last year.

Exports were 4.05 billion yuan, an increase of 40.5% and imports were 9.39 billion yuan, an increase of 135.2%.

In the first quarter, Hainan’s imports and exports to ASEAN amounted to 6.21 billion yuan, an increase of 28.5%, accounting for 46.2% of Hainan’s bilateral trade value with countries along the route during the same period.

The data shows that the proportion of general trade is growing.

Hainan’s import and export to countries along the route by general trade was 7.36 billion yuan, an increase of 103.6%, accounting for 54.8%. The import and export of bonded logistics was 2.77 billion yuan, an increase of 69.7%, accounting for 20.6%; the import and export of processing trade was 1.97 billion yuan, an increase of 68.8%, accounting for 14.7%.

The main imported commodities are basic organic chemicals and coal, and the exports are mainly refined oil which has been growing steadily.

In terms of imports: in the first quarter, Hainan imported 3.04 billion yuan of basic organic chemicals from countries along the route, an increase of 259%, accounting for 32.4% of Hainan’s imports from countries along the route in the same period.

Imported coal was 1.24 billion yuan, an increase of 145.5%, accounting for 13.2%. In addition, imported natural gas was 790 million yuan, an increase of 481.3%.

In terms of exports: the export of refined oil was 1.35 billion yuan, an increase of 12.2%, accounting for 33.3% of Hainan’s export value to countries along the route during the same period; mechanical and electrical products were 840 million yuan, an increase of 81%, accounting for 20.8%; pulp and its products 360 million Yuan, an increase of 25.5%.

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