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Hainan's foreign trade volume up 41% in first three quarters of 2022

The volume of foreign trade of the southern Chinese province of Hainan in January - September this year increased 41.4% in annual terms to 143.6 billion yuan (about $20.03 billion at current exchange rate). This was reported by China News Service with reference to customs data from Haikou, the province's administrative center.
China's exports during the reporting period rose 97.7% year on year to 47.63 billion yuan (about $6.64 billion). Imports were 95.97 billion yuan (about $13.39 billion), up 23.9% year on year.
In terms of trading partners, Hainan's trade with the One Belt, One Road initiative states increased 89.1% to 53.56 billion yuan ($7.47 billion) in January-September.
According to the results in 2021 the foreign trade turnover of the southern Chinese province of Hainan was 147.68 billion yuan ($ 23.16 billion at the exchange rate at the time of publication), an increase of 57.7%. The province's exports rose 20.1% to 33.26 billion yuan ($5.21 billion). Imports rose 73.6% to 114.42 billion yuan ($17.95 billion).