General

According to Haikou Customs data, Hainan's import and export of goods in the first 11 months of this year was 182.63 billion yuan, a year-on-year increase of 40.1%, 31.5 percentage points faster than the national growth rate in the same period, ranking third nationwide; The export was 64.26 billion yuan, up 116.1% year on year, 104.2 percentage points faster than that of the whole country, ranking first nationwide; The import was 118.37 billion yuan, up 17.6% year on year, 13 percentage points faster than that of the whole country, ranking eighth nationwide.

In this regard, Chaozhen, Hainan Institute of Finance, Bank of China, said recently that Hainan's trade promotion policies and measures have been continuously strengthened, and the expansion of domestic demand in the province is expected to further promote the growth of foreign trade in Hainan Province. Chaozhen introduced that Hainan Province has made positive achievements in precisely promoting the implementation of existing policies. Since this year, Hainan Province has opened up a special preferential enterprise service channel, established a benefit sharing and blocked disposal mechanism, expanded the scale of Hainan's approved exporters, cultivated and identified approved exporters under RCEP, and guided enterprises to independently issue a declaration of origin. Recently, the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) issued by the Central Committee of the Communist Party of China and the State Council proposed to "promote the healthy and orderly development of the tax-free industry and further promote the construction of Hainan International Tourism Consumption Center". In the future, the tax-free industry will still play an important role in driving trade.

At present, Hainan Province is speeding up the process of attracting investment. According to Chao Zhen, Hainan Province has sent a delegation to Hong Kong SAR and Germany to carry out investment promotion, and signed a series of cooperation agreements with Swire Group, New World Group, Kerry Group, DDT, Lianxin International, PricewaterhouseCoopers, Linde Engineering, etc. In addition, Hainan Provincial Government also sent a delegation to Japan to promote effective cooperation with Mizuho Bank, Kao, Fukuoka International Airport Co., Ltd., Japan Chamber of Commerce and Industry, Japan Council for the Promotion of International Trade, etc.

Benefiting from this, Hainan's trade structure has been continuously optimized since this year. According to customs data, in terms of export, mechanical and electrical products ranked the first in the province, with an export volume of 20.87 billion yuan, up 201.8%; Biodiesel, natural gas, polyester chips and other chemical products grew rapidly, with growth rates of 694.8%, 1180% and 59.3% respectively. According to customs data, in terms of import, the growth rate of basic organic chemicals was 91.1%; Coal and wood chips are among the top five imported key commodities; In the third quarter, the epidemic led to the decline of duty-free shopping in outlying islands, with the year-on-year growth of imported consumer goods of only 0.2%, but the import volume still accounted for 33.4% of the total, maintaining the first category of imported goods. From the perspective of market players, private enterprises dominated, with import and export of 85.62 billion yuan, an increase of 30.2%, accounting for 46.9% of the province; The import and export of foreign-funded enterprises reached 51.79 billion yuan, up 75.1%; The import and export of state-owned enterprises reached 45.21 billion yuan, up 29.2%.

In addition, the effectiveness of RCEP has also brought new opportunities for the development of Hainan's foreign trade. After the RCEP officially took effect in January this year, Hainan Free Trade Port grasped the policy advantages, played a role as a new highland of opening up, and accelerated trade cooperation with RCEP member countries. According to customs data, Hainan's import and export to other RCEP member countries in the first 11 months of this year was 65.14 billion yuan, up 25.2%, accounting for 35.7%. At the same time, Hainan Province is also actively promoting extensive regional cooperation and continuously deepening trade exchanges. According to customs data, in the first 11 months of this year, Hainan's import and export to countries along the "the Belt and Road" reached 68.26 billion yuan, an increase of 78.1%, accounting for 37.4%; Import and export to ASEAN reached 35.71 billion yuan, up 61.2%, accounting for 19.6%; Import and export to the EU reached 31.27 billion yuan, up 66.6%, accounting for 17.1%.

"With the introduction of the shortest negative list of foreign investment access in China, the first negative list of cross-border service trade in China, the list of advantageous products under RCEP, the 'zero tariff' list, and the tariff free policy for value-added processing, etc., the dividends of foreign investment access, trade import and export, tariffs and other policies are gradually released, and the vitality of foreign trade enterprises in Hainan Province is expected to be further stimulated," said Chao Zhen.