The volume of foreign trade turnover for Haikou City in the first three quarters of this year amounted to 59.27 billion yuan ($8.3 billion), which is 31.4% higher than during the same period for 2022, the Haikou Daily newspaper reported.
Haikou’s share in the entire foreign trade turnover of Hainan Province amounted to 34.6%. Exports for the period increased by 74.6% year-on-year to 22.23 billion yuan ($3.1 million). Imports reached 37.04 billion yuan ($5.2 billion), an increase of 14.5%.
A significant part in the structure of Haikou’s trade turnover was taken up by goods that went through regular trade channels. Their turnover grew 37% year-on-year to 35.72 billion yuan ($5 billion) during the period, and their share in the total turnover structure reached 60.3%. As for the duty-free trade channel, shipments rose 32.5% to 9.09 billion yuan ($1.2 billion).
The volume of trade turnover with EU countries in January-September went up 35.5% to 9.22 billion yuan ($1.2 billion). With ASEAN countries, the figure rose by 11.5% to 6.1 billion yuan ($859.1 million).
The city’s trade volume with Russia also grew with trade turnover amounting to 5.07 billion yuan ($714 million), an increase of 46.5%.
If you would like to make a comment, compliment or complaint about any aspect of living or working in Hainan Island, we’d love to hear from you. We pass all communications on to the relevant services. Please keep it polite and to the point.