In the first three quarters, imports and exports increased by nearly 30% year-on-year, and the potential for development was constantly emerging

Hainan’s Foreign Trade Continues to Stabilize and Improve Quality Core tips Hainan’s economic “report card” for the first three quarters of 2019 was released on October 23, and “overall stability, stability and progress” became the keynote of Hainan’s economic development in the first three quarters.

Tourists shop in Sanya International Tax Free City
Tourists shop in Sanya International Tax Free City

It is worth mentioning that Hainan’s foreign trade delivered a brilliant “answer sheet” in the same period-driven by the construction boom of Hainan’s free trade zone and free trade port, Hainan’s total import and export value reached 100 million yuan in the first three quarters, up nearly 30% from the same period of last year (the same below). ASEAN, the United States and the European Union are the top three trading partners of Hainan province. The trend of improving quality while maintaining stability in foreign trade has been continuously consolidated, and the development potential has been continuously revealed. Foreign trade is playing a more fundamental and supporting role in stabilizing growth.

Import Growth Power Shift Upgrade Imports of Consumer Goods Grow Rapidly What kind of experience is it when you meet something you want to buy with both goods and discounts?

“Excitement!” On October 22, in Haikou Riyue Square duty-free shop, Guangdong tourist Ms. Wu quickly found the target goods she wanted to buy. She took a fancy to a longqin watch and a set of sisley skincare suit. the price of the watch was 10,000 yuan, and the skincare suit was 1,091 yuan. after the tax-free shops paid the full amount of the travel tax and various promotional concessions for the watch, the amount of the two duty-free goods was not more than 10,000 yuan. this made ms Wu feel “very valuable and must buy.”

Abundant goods, various promotional activities and considerate shopping services have ignited the enthusiasm of many consumers to “buy in buy buy” and brought constant heat to duty-free shops.

“I remember that on the first day of the duty-free shop opening, during the morning shift, I alone generated about 160,000 yuan in merchandise sales at the front desk cashier.” Wei Yu, cashier at the Xianghua counter of Haikou Riyue Plaza duty-free shop, also said.

This is a microcosm of the accelerated release of tax-free shopping policy effects on Hainan’s outlying islands.

According to data provided by Haikou Customs, Hainan’s imports of consumer goods increased significantly in the first three quarters, reaching 100 million yuan, accounting for the total value of Hainan’s imports during the same period, replacing aircraft as Hainan’s number one import. In addition, imports of some productive raw materials also maintained a relatively high growth rate.

Among them, wood chips and wood grains for papermaking increased by 100 million yuan. Liquefied natural gas reached 100 million yuan, up 1 time.

Import Growth Power Shifts and Upgrades, Consumer Goods Replaced Airplanes as Hainan’s Number One Imported Goods.

Relevant officials of Haikou Customs believe that the sharp increase in consumer goods imports is mainly due to the further adjustment and relaxation of the tax-free policy on outlying islands and the accelerated layout of Hainan’s tax-free industry by China Exemption Group. In order to build Hainan into an international tourism consumption center, the tax exemption policy for Hainan’s outlying islands has been adjusted for the fifth time since December 2018. The policy adjustment includes increasing the amount of duty-free shopping per person on outlying islands from 10,000 yuan to 30,000 yuan, and not limiting the number of shopping trips, expanding the scope of application of the policy to passengers on outlying islands by boat, expanding the scope of duty-free goods, raising the amount and number of duty-free shopping for residents in the province to the same level as those for tourists outside the province, and adding two duty-free shops in Haikou and Boao.

As a result, in the first three quarters, Hainan Islands made 2.68 million tax-free purchases, an increase of 12.76 million items, an increase of 100 million yuan, an increase. At the same time, China Exemption Group accelerated the layout of Hainan’s duty-free industry and set up an operation headquarters in Hainan to be responsible for the company’s national duty-free import business. With the acceleration of the construction of Hainan free trade zone and free trade port, Hainan consumer goods import is expected to continue to maintain a rapid growth in the future.

Relevant officials of Haikou Customs analyzed that since this year, Hainan’s foreign trade has become more diversified, with rental trade and duty-free trade growing strongly.

In the first three quarters, general trade remained Hainan’s most important mode of trade, with a total import and export of 100 million yuan, up 10%, accounting for the total value of Hainan’s foreign trade imports and exports during the same period. At the same time, leasing trade, duty-free goods and other trade methods showed a strong growth trend. Among them, the import and export of leasing trade reached 100 million yuan, up by a factor of 2. Tax-free imports increased by 7.6 billion yuan.

In Yangpu Economic Development Zone, ships are busy loading and unloading goods at the Xiaoshovel Beach wharf in Yangpu Port. Chen Yuancai, a reporter from this newspaper Nearly 40% of imports and exports to countries along the “the belt and road initiative” route are from ASEAN, the United States and the European Union as Hainan’s top three trading partners In Hainan’s foreign trade structure, the oil and gas industry, as one of Hainan’s 12 key industries, has given full play to its leading role in Hainan’s foreign trade export.

According to statistics, Hainan exported 12.4 billion yuan of refined oil in the first three quarters of this year, up 77%, accounting for the total export value of Hainan province (the same below) during the same period. Natural gas billion yuan, up; Urea reached 100 million yuan, a double increase.

According to relevant officials of Haikou Customs, in recent years, Hainan has continuously strengthened its capacity cooperation with ASEAN countries. ASEAN has gradually become the main export market for traditional products in our province, such as oil products, paper making and chemical enterprises that import raw materials from ASEAN countries and export finished products after processing. In the cargo structure of Hainan’s exports to ASEAN, the proportion of refined oil exports is prominent, which is Hainan’s number one export to ASEAN. Polyester chips have shown brilliant performance and gradually become emerging export commodities. Crude oil, finished paper, agricultural products and other traditional commodities followed.

Tilapia is the largest export agricultural product in Hainan and is also the traditional export business card of Hainan agricultural products. In the past 10 years, the total amount of tilapia cultivation in Hainan has stabilized at about 300,000 tons. Hainan tilapia has “toured” from Hainan to more than 50 countries and regions such as America, Europe, Asia and Africa. The annual output value of the industrial chain has reached 3 billion yuan, with an annual export volume exceeding 2 billion yuan, accounting for nearly 30% of the total export volume in the country.

Hainan Xiangtai Fishery Co., Ltd. is the largest tilapia processing enterprise in China. “In the first three quarters of 2019, the company exported about 10,000 tons of aquatic products, totaling about 100 million yuan.” The head of Xiangtai Fishery International Trade Department said that the company’s products are exported to 26 countries and regions such as the United States, Mexico, Russia, South America and Africa, depending on the scale, industrialization and complete management system to strictly control the quality. The export volume of tilapia from a single factory has ranked first in the country for 10 consecutive years.

Hainan tilapia, which “swims around” in more than 50 countries and regions around the world, has greatly enhanced Hainan’s foreign trade. In the first three quarters of this year, our province exported 2.6 billion yuan of agricultural products, an increase, of which 100 million yuan was exported from aquatic products, an increase.

According to Haikou Customs statistics, in the first three quarters, the foreign trade between Hainan and the countries along the “the belt and road initiative” was 100 million yuan, up 38%. Among them, the import and export to ASEAN reached 100 million yuan, up 52%, accounting for 29%. During the same period, the import and export of Hainan, the United States, Europe, Japan and other major traditional trading partners maintained a growth trend. Among them, imports and exports to the United States reached 12.7 billion yuan, up 4%. EU Billion Yuan, Increase; Japan’s billion yuan, up 90%. In addition, the import and export to Australia has increased by a factor of 100 million yuan.

Foreign-invested enterprises have become the main force of Hainan’s foreign trade, and the growth of state-owned and private enterprises is obvious. In the first three quarters of this year, the import and export of foreign-invested enterprises in Hainan Province reached 39.1 billion yuan, an increase of 39.1%. During the same period, private enterprises imported and exported 100 million yuan, up 22%. The import and export of state-owned enterprises reached 100 million yuan, up 9%.

Expand the scope of enterprises, expand the product spectrum, and further improve the level of trade facilitation.

The Yangpu Development Zone is extremely busy in autumn. At Xiaoshovel Beach Wharf in Yangpu Port, freighters loaded with containers slowly headed for the wharf against the setting sun. Near the quayside bridge, colorful containers are neatly stacked on the storage yard. Trailers come and go, and there is no end of traffic.

According to the “master plan for the new land and sea corridor in the west” released by the national development and reform Commission in August this year, the container throughput of

Yangpu port will reach 1 million standard containers in 2020 and 5 million standard containers in 2025.

As Hainan’s main export base, Yangpu’s reform and development can be described as a one-off move: the port is Yangpu’s largest resource and the loudest business card. The bay here is wide and deep. It is the outlet of the new sea-land channel in the west, the strategic fulcrum of the Maritime Silk Road, the first petrochemical industry node where oil and gas resources from the Middle East and Africa enter China, and China’s shipping hub, logistics center and export processing base facing Southeast Asia.

In the development zone, Yangpu took the lead in setting up a “single window” for international investment in the whole province, providing all-round services such as enterprise registration, provincial investment filing, foreign exchange registration, project planning and construction, project land use, etc. To promote the “whole-process agency” system for investment and construction projects, to be the “bartender” of good service enterprises, to provide active service and free agency, and to provide maximum convenience for foreign investment.
In the port department, since this year, Haikou Customs has consolidated its achievements in reducing the overall customs clearance time in 2018 and has continued to deepen its business reform. The overall customs clearance time at Hainan Port has been greatly reduced in the first three quarters of this year.

In the financial field, the Hainan branch of the bank of China has recently successfully handled Hainan’s first single international trade “single window” cross-border remittance and account opening appointment for enterprises in our province, which marks the smooth launch of the “single window” financial service module for China’s international trade in our province and the overall upgrade of service functions.

A glimpse of a leopard in a tube. A series of policies and measures to improve the level of trade facilitation are exerting a superposition effect, in return for the steady improvement of Hainan’s foreign trade and the rapid pace of the construction of Hainan’s free trade zone and free trade port.

Officials from the Provincial Department of Commerce pointed out that Hainan must find ways to “expand the scope of enterprises and expand the product spectrum” so as to reduce its dependence on a single industry, a single enterprise and a single product and promote the steady growth of foreign trade. In particular, it is necessary to promote stable foreign trade while improving quality and speed up the improvement of trade facilitation.

Relevant officials of Haikou Customs said that the Customs will closely focus on the construction of a free trade experimental zone, a free trade port with Chinese characteristics and other major opening policies, focus on key foreign trade enterprises and Hainan characteristic industries, strengthen investigation and research, actively understand the difficulties encountered by enterprises in the process of production and operation, optimize the customs clearance environment and business environment, and help Hainan’s foreign trade to improve quality and efficiency, transform and upgrade.

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/hainans-foreign-trade-continues/

Like (1)
Previous November 9, 2019 8:34 pm
Next November 9, 2019 8:42 pm

Relevant Recommendation

  • Zhang Lan of Hunan Foreign Trade Vocational College: Explaining the Nature of Teachers by Being a Teacher and Warming up Students with Love

    Zhang Lan (3rd from left) is guiding students to practice. Red Net Time reporter Zheng Tao Changsha reports “She is full of positive energy and makes people feel warm and at ease.” “She works very hard and is also very responsible. She would rather take on more responsibilities than give others any trouble.” “She is intellectual, considerate and like her sister” … These warm-hearted evaluations all point to the same person-Zhang Lan, School of Electric Business, Hunan Vocational College of Foreign Trade, and “Lanjie”, which is often mentioned by students of the school. As the youngest full-time teacher of the E-commerce College, Zhang Lan is steadfast and steady in her work, and always takes the initiative to undertake the affairs of the College. She devotes herself to her work, makes no complaint or regret, actively explores and innovates her ideas, deeply deepens the excellent qualities of hard-working, earnest, careful and willing to contribute in her job, is recognized by the superior leadership, is recognized by the majority of colleagues, and has won the titles of “advanced individual” and “excellent party…

    November 12, 2019
    1.1K0
  • Central first! In the first three quarters, Henan’s total foreign trade value reached 366.72 billion RMB

    Core tips On October 17, the reporter learned from Zhengzhou Customs that in the first three quarters of this year, the total value of foreign trade import and export in Henan Province was 366.72 billion yuan, the same as that in the same period last year, ranking first in the central region. Of this, 236.49 billion yuan was exported and 130.23 billion yuan was imported. In September, imports and exports reached 72.55 billion yuan, a 12-month high. In the first three quarters, Henan’s foreign trade totaled 366.72 billion yuan. In the first three quarters, Henan’s foreign trade showed four bright spots. The structure of foreign trade continued to be optimized. General trade imports and exports with long industrial chain and high value-added rate reached 145.45 billion yuan, up 7.2%, accounting for 39.7% of the total foreign trade value in the same period. The number of foreign trade enterprises has further increased. With the continuous optimization of the province’s business environment and steady improvement of trade facilitation level, the number of foreign trade enterprises in Henan Province has increased, with 8,007…

    November 9, 2019
    1.3K0
  • First 10 months, China’s foreign trade and import increased by 2.4%, EU remained China’s largest trading partner

    The day before yesterday in the morning, China’s General Administration of Customs announced the import and export of China’s foreign trade in the first ten months. In the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%. In dollar terms, the total value of China’s imports and exports in the first 10 months was US$ 3.74 trillion, down 2.5%. Of this total, exports reached US$ 2.04 trillion, down 0.2%. Imports reached US$ 1.7 trillion, down 5.1%. The trade surplus was 340.29 billion US dollars, up 34.9%. Looking only at October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%. Measured in US dollars, China’s total import and export value in…

    November 9, 2019
    1.1K0
  • Creating a Good Market Environment and Stabilizing Foreign Trade with Various Measures

    Guangzhou Daily News recently, Governor Ma Xingrui went to the 126th Canton Fair to investigate and hold a symposium on foreign trade enterprises, to thoroughly implement the decision-making arrangements of the Party Central Committee and the State Council and the “six stability” work requirements, to understand the current situation of enterprises’ import and export trade, to promote the steady growth of foreign trade, and to improve the level of open economic development. Ma Xingrui listened in detail to the opinions and suggestions reflected by representatives of 16 enterprises including Foxconn Group, Shenzhen Meirui Biomedical, Zhuo Zhi Cross-border E-commerce Supply Chain, Provincial Silk Textile Group, Cross-sea Global E-commerce Supply Chain, Chow Tai Fook Jewelry and Gold Company, Dongguan Youyou Meiju Home and other relevant situation reports from Guangzhou, Shenzhen and Dongguan. He participated in discussions from time to time and studied on-site to solve the difficulties and problems encountered in enterprise development. He stressed that it is necessary to carefully analyze and judge the international economic situation, actively deal with the impact of changes in the external environment, study and formulate…

    November 9, 2019
    1.1K0
  • China’s Foreign Trade Developed Steady in the First 10 Months

    According to customs statistics, in the first 10 months of this year, the total value of China’s import and export of goods was trillion yuan, up from the same period last year, continuing the steady development trend. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. The trade surplus is trillion yuan, expanding. In October, China’s total import and export value was 1 trillion yuan. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, said that the growth of international economy and trade has slowed down since this year, but China’s domestic economy has been running smoothly and the toughness of foreign trade import and export has increased. The import and export in a single month has remained at a high level of over 1 trillion yuan for four consecutive months. In the first 10 months, China’s general trade increased and its proportion increased. General trade imports and exports totaled 1 trillion yuan, an increase…

    November 9, 2019
    1.2K0
  • The State Council has made another move: to stabilize foreign trade, optimize foreign exchange management and facilitate cross-border trade and investment

    China’s regular session will stabilize foreign trade three times this year! The executive meeting of the State Council held on the 23rd arranged to do a better job of stabilizing foreign trade and promote quality improvement in import and export. At the same time, in order to do a good job of foreign trade and investment, the national regular meeting also decided to optimize foreign exchange management and promote cross-border trade and investment facilitation of 12 measures. Key measures include: 1, to further improve the export tax rebate, trade financing, credit insurance and other policies 2. Promote the construction of a high-standard FTZ network 3, foster new forms of foreign trade 4. Increase the import of agricultural products, daily consumer goods and equipment, spare parts, etc. to meet domestic demand 5, allowing non-investment foreign-invested enterprises to carry out domestic equity investment with capital. 6, expand the trade and foreign exchange revenue and expenditure facilitation pilot Measures to Stabilize Foreign Trade Continue to Increase Since this year, the executive meeting of the State Council has made three arrangements for stabilizing foreign…

    November 9, 2019
    1.1K0
  • First 10 months of China’s announcement, China’s foreign trade increased by 2.4%, its trade surplus expanded by 42.3%

    According to customs statistics, in the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%. In October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%. The growth of general trade is faster than the overall growth of import and export to the countries along the “the belt and road initiative”. In the first 10 months, China’s general trade import and export reached 15.19 trillion yuan, up 4.8%, accounting for 59.3% of China’s total foreign trade value, up 1.4 percentage points from the same period last year. Among them, exports reached 8.14 trillion yuan, up 8.5%. Imports were 7.05 trillion yuan, up 0.7%. The trade surplus was 1.09 trillion yuan,…

    November 9, 2019
    1.0K0
  • China International Import Expo

    On 2019 November 5, the China International Import Expo will be held in Shanghai and hosted by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government. Its aim is to firmly support trade liberalization and economic globalization and to actively open up markets to the world. This year, in addition to the existing three major sections of furniture and household products, beauty makeup and daily chemical products, and clothing and apparel accessories, the exhibition area will have a new section for mother, infant and children’s products, and a special section for high-end consumer goods and precious jade. Holding China’s International Import Expo is a major move by China to firmly support trade liberalization and economic globalization and to actively open its markets to the world. It is conducive to promoting the strengthening of economic and trade exchanges and cooperation among countries in the world, promoting global trade and world economic growth, and promoting the development of an open world economy.  

    December 13, 2019
    2.2K0
  • Hangzhou Cross-border E-commerce Comprehensive Test Zone Launches “New Foreign Trade, New Service and New Manufacturing” Plan

    In March 2018, the “New Foreign Trade, New Service and New Manufacturing” Plan of Hangzhou Cross-border E-commerce Comprehensive Pilot Zone was officially launched. It is reported that the comprehensive test area will promote 10,000 enterprises to speed up digital transformation and intelligent development in cross-border electronic commerce in 18 years, cultivate 300 new foreign trade new service and new manufacturing benchmark enterprises, nearly 100 major sellers with annual cross-border e-commerce sales of more than 10 million US dollars, and more than 50 new cross-border e-commerce brands. Peng jiaqi, vice president of Amazon’s global store, said: “we are more confident to do more activities with the comprehensive test area to promote the development of cross-border inHangzhou, so that Amazon can be used as a platform to help Hangzhou enterprises establish international brands in the world.” Yu Yong, vice president of Alibaba Group, said: “We have gained a lot in the cooperation process between Ali and the comprehensive test area. We also hope to do more exploration for the entire infrastructure of cloud credit, cloud payment and cloud logistics for the future…

    November 12, 2019
    1.7K0
  • The State Council Standing Committee Deploys Four Measures

    Xinhua News Agency, Beijing, October 23 (Reporter Yu Jiaxin)-The executive meeting of the State Council held on the 23rd made arrangements for further stabilizing foreign trade and proposed four measures to promote stable import and export while improving quality. The meeting pointed out that since the beginning of this year, all localities and relevant departments have actively responded to changes in the external environment, have done a solid job in stabilizing foreign trade, and the overall operation of foreign trade has been stable. Customs data show that in the first three quarters of this year, China’s total foreign trade import and export value was 22.91 trillion yuan, an increase of 2.8% over the same period last year, continuing the overall steady development trend of improving quality while maintaining stability, and showing strong resilience in the face of domestic and foreign challenges.China attaches great importance to stabilizing foreign trade. Since last year, the measures to stabilize foreign trade have achieved good results. The executive meeting of the State Council in July this year clearly defined measures to further stabilize foreign trade,…

    November 9, 2019
    1.2K0