Global EditionASIA 中文双语Français
Latest News

China's island province sees foreign trade double in Q1

Xinhua | Updated: 2019-04-17 21:09
Share
Share - WeChat

HAIKOU -- Hainan's foreign trade surged 109.2 percent year-on-year in the first quarter, outpacing the national figure as the southern island province speeds up construction of a free trade zone.

Local customs said Wednesday that the province's foreign trade reached 25 billion yuan (about 3.7 billion US dollars) in the first quarter. Exports exceeded 7.8 billion yuan, up 78.7 percent year on year, while imports surged by 126.9 percent to reach 17.1 billion yuan.

The Association of Southeast Asian Nations (ASEAN) continues to be Hainan's top export market. The province's exports to the region hit about 2.8 billion yuan, a 133.2 percent increase.

The United States replaced ASEAN as Hainan's largest source of imports, with imports from the country exceeding 6.2 billion yuan, up 520.9 percent.

Its trade with Belt and Road countries surpassed 7.7 billion yuan, up 40.1 percent.

The province added 183 foreign trade enterprises in the period, marking an increase of 128.8 percent, which means more companies are willing to engage in foreign trade, said Ju Chunmei, an official with Haikou Customs.

A rapid increase in foreign trade is expected to continue in the first half of 2019 as Hainan's free trade zone develops steadily, Ju said.

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US