Overview: In December 2020 Hainan Province exported $933M and imported $1.3B, resulting in a negative trade balance of $368M. Between December 2019 and December 2020 the exports of Hainan Province have increased by $271M (40.9%) from $662M to $933M, while imports increased by $637M (96%) from $664M to $1.3B.
Trade: In December 2020, the top exports of Hainan Province were Refined Petroleum ($56.6M), Processed Fish ($33.5M), Light Fixtures ($31M), Kaolin Coated Paper ($27.9M), and Models and Stuffed Animals ($26.4M). In December 2020 the top imports of Hainan Province were Beauty Products ($388M), Planes, Helicopters, and/or Spacecraft ($94.2M), Fuel Wood ($68.8M), Copper Ore ($66.3M), and Jewellery ($61.6M).
Destinations: In December 2020, Hainan Province exported mostly to Vietnam ($254M), United States ($87.9M), Singapore ($58.5M), South Korea ($37.2M), and Malaysia ($32.1M), and imported mostly from France ($152M), United States ($148M), Germany ($106M), Italy ($91.9M), and Switzerland ($91.3M).
Growth: In December 2020, the increase in Hainan Province's year-by-year exports was explained primarily by an increase in exports to Vietnam ($181M or 250%), United States ($57.6M or 191%), and South Korea ($30.4M or 449%), and product exports increase in Light Fixtures ($30.8M or 14.5k%), Models and Stuffed Animals ($26.4M or 33.8k%), and Other Furniture ($17.7M or 784%). In December 2020, the increase in Hainan Province's year-by-year imports was explained primarily by an increase in imports from Germany ($102M or 2.7k%), France ($76M or 100%), and United States ($69.2M or 87.5%), and product imports increase in Beauty Products ($191M or 96.5%), Copper Ore ($46M or 227%), and Jewellery ($40M or 185%).