Hainan Province

Overview In October 2024 Hainan Province exported $1.26B and imported $2.19B, resulting in a negative trade balance of $937M. Between October 2023 and October 2024 the exports of Hainan Province have increased by $487M (63.3%) from $770M to $1.26B, while imports increased by $374M (20.6%) from $1.82B to $2.19B.

Trade In October 2024, the top exports of Hainan Province were Refined Petroleum ($111M), Hot-Rolled Iron ($83.7M), Polyacetals ($82.8M), Petroleum Gas ($76.2M), and Computers ($57.3M). In October 2024 the top imports of Hainan Province were Iron Ore ($312M), Coal Briquettes ($248M), Beauty Products ($157M), Special Purpose Ships ($142M), and Refined Petroleum ($137M).

Destinations In October 2024, Hainan Province exported mostly to Singapore ($147M), Hong Kong ($107M), Vietnam ($94.3M), Indonesia ($86.7M), and Malaysia ($84.8M), and imported mostly from Australia ($323M), Brazil ($217M), Russia ($215M), China ($159M), and Canada ($144M).

Growth In October 2024, the increase in Hainan Province's year-by-year exports was explained primarily by an increase in exports to Singapore ($117M or 395%), Indonesia ($69.2M or 393%), and Thailand ($63.9M or 431%), and product exports increase in Hot-Rolled Iron ($46.1M or 122%), Polyacetals ($45.4M or 121%), and Semiconductor Devices ($32.9M or 8.71k%). In October 2024, the increase in Hainan Province's year-by-year imports was explained primarily by an increase in imports from Brazil ($142M or 189%), Canada ($129M or 835%), and China ($126M or 379%), and product imports increase in Cyclic Hydrocarbons ($63.1M or 569%), Refined Copper ($47.2M or 22.2k%), and Soybeans ($32.6M or 4.88M%).