According to a report from Southeast Asia Information Port (www.dnyxxg.com), Haikou Customs disclosed on the 23rd that during the 14th Five-Year Plan period, Hainan enterprises' goods trade import and export reached 1.1317 trillion yuan (RMB), exceeding one trillion yuan for the first time, representing a 19.2% increase compared to the 13th Five-Year Plan period. Exports increased by 21.6%, while imports increased by 18.1%.
During the 14th Five-Year Plan period, Hainan's goods trade volume consecutively broke through the 100 billion yuan and 200 billion yuan thresholds, with an average annual growth rate of 24.1%, 17 percentage points higher than the national average.
During the same period, the number of Hainan's goods trade entities continued to rise, with the number of foreign trade entities with import and export performance increasing 2.9 times compared to the 13th Five-Year Plan period, including a 3.3-fold increase in private enterprises.
Statistics show that during the 14th Five-Year Plan period, Hainan enterprises optimized their export commodity structure, with the proportion of industrial products in total exports increasing by 32 percentage points. Exports of high value-added products such as electromechanical products increased by 30.2%. During the same period, imports of bulk commodities such as ores expanded fivefold.
Meanwhile, Hainan's foreign trade market diversification accelerated, with the number of trading partners expanding to 230. Trade with countries participating in the Belt and Road Initiative increased by 24.7%, accounting for 53.8% of the province's total foreign trade, an increase of 5.3 percentage points. High-speed growth was maintained in emerging markets such as Africa, the Middle East, and Latin America.
During the 14th Five-Year Plan period, new trade formats such as offshore duty-free shopping, bonded repair, cross-border e-commerce, and leasing trade flourished, becoming new engines for Hainan's foreign trade. Offshore duty-free shopping increased by 1.9 times, cross-border e-commerce imports and exports increased by 29.8 times, the bonded repair industry developed from scratch, and the goods repaired expanded from aircraft to aircraft engines, automobile transmissions, mobile phones, etc., with the bonded repair value ranking second in the country by 2025. Leasing trade expanded from aircraft imports to ship exports, and the leasing model expanded from ordinary leasing to bonded leasing, with the industrial cluster beginning to take shape. (End)
