Construction Frontline

Hainan's imports and exports to Belt and Road countries increased by 95.5%

Seetao 2022-04-26 15:56
  • With the strategic support the Belt and Road Initiative, the opportunities for Hainan's economic development will become more prominent
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Haikou Customs released statistics on April 24, 2022, stating that 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 in 2021 (the same below). Among them, exports were 4.05 billion yuan, an increase of 40.5%; imports were 9.39 billion yuan, an increase of 135.2%.

Hainan's imports and exports to ASEAN account for nearly 50% and are growing steadily. 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 (the same below) during the same period.

Data show that 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%.

Hainan's main imports from countries along the route are basic organic chemicals and coal, and its exports are mainly refined oil products, which are 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 (the same below) 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 (the same below) in the same period; the export of mechanical and electrical products was 840 million yuan, an increase of 81%, accounting for 20.8%; the export of pulp and its products 360 million yuan, an increase of 25.5%.Editor/XingWentao

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