Hainan’s foreign trade reaches RMB73.979 billion in first 3 quarters

According to the Hainan Statistics Administration, in the first three quarters of 2014, the total import and export value in Hainan Province was RMB 73.979 billion (including RMB 54.365 billion for import and RMB 19.614 for export with year-on-year growth of 17.1% and 12.1% respectively) with year-on-year growth of 15.7%. The growth rate is 17.4% higher than that in the same period in last year and is 13.9% higher than the national average rate.

The trade growth momentum in Hainan Province came from crude oil import, petroleum product export, electromechanical import and farm product export. The import of crude oil and export of petroleum products in the first three quarters increased continuously, covering 60% of the total import and export value of Hainan, which directly pushed the growth of local trade.

The export value of petroleum products in Hainan from January to September was RMB 9.342 billion with year-on-year growth of 62.8%, covering 47.6% of the total import and export value and greatly promoting the growth of foreign trade. The export of farm products in the first three quarters was good. It was RMB 2,902 billion with year-on-year 7.9%, and its export value ranked the second in all main exported products in Hainan.

The main imported products in Hainan Province in the first three quarters were crude oil, electromechanical products and hi-tech products. The import value for crude oil was RMB 35.835 billion with year-on-year growth of 29.5%, covering 65.9% of the total and increasing 5.9% in proportion compared with that in the same period in last year. The import value for electromechanical products was RMB 7.306 billion, including RMB 5.221 billion for airplanes which decreased 11.1% compared with the same period in last year.

SOURCE: hainan.gov.cn