Sanya’s total volume of foreign trade in the first half of the year was 4.39 billion yuan ($630 million), an increase of 19 percent year-on-year, accounting for 11 percent of Hainan’s total.

Due to the rapid development of its off-shore duty-free industry, as well as the resumption of work and production after the COVID-19 pandemic, Sanya’s foreign trade growth rate has gone from negative to positive despite the 12.3 percent decline in the province’s foreign trade.

The total import volume was 4.18 billion yuan, an increase of 22 percent, while the total exports volume reached 210 million yuan, a decrease of 22.3 percent.

Sanya’s foreign trade has been increasing for two consecutive months since May, and its annual trade volume is expected to exceed 10 billion yuan.

In the first half of the year, Sanya had economic and trade relations with 69 countries and regions around the world. Its imports and exports to countries along the Belt and Road amounted to 470 million yuan, an increase of 5.3 percent, while its imports and exports to ASEAN countries reached 320 million yuan, an increase of 15.9 percent.

The imports and exports of Sanya state-owned enterprises in the first half of the year was 4.08 billion yuan, an increase of 20.1 percent, accounting for 92.9 percent of the city’s total. Its growth rate ranked first among all types of business entities.

SOURCE: english.sanya.gov.cn