Hainan Province

Overview In February 2024 Hainan Province exported $873M and imported $1.78B, resulting in a negative trade balance of $909M. Between February 2023 and February 2024 the exports of Hainan Province have increased by $148M (20.5%) from $725M to $873M, while imports decreased by $-12.6M (-0.7%) from $1.79B to $1.78B.

Trade In February 2024, the top exports of Hainan Province were Refined Petroleum ($207M), Computers ($82.4M), Polyacetals ($49.5M), Office Machine Parts ($47.1M), and Petroleum Gas ($45.8M). In February 2024 the top imports of Hainan Province were Iron Ore ($398M), Coal Briquettes ($197M), Petroleum Gas ($124M), Crude Petroleum ($101M), and Acyclic Alcohols ($93.7M).

Destinations In February 2024, Hainan Province exported mostly to Hong Kong ($92.5M), Singapore ($84M), Vietnam ($72.4M), Indonesia ($50.6M), and Thailand ($44.6M), and imported mostly from Australia ($410M), United Arab Emirates ($144M), Russia ($102M), United States ($94M), and South Africa ($87.1M).

Growth In February 2024, the increase in Hainan Province's year-by-year exports was explained primarily by an increase in exports to Netherlands ($228M or 1.84k%), Macau ($44.9M or 7.31M%), and United Arab Emirates ($40.2M or 689%), and product exports increase in Refined Petroleum ($74.2M or 57%), Biodiesel and mixtures thereof ($73.1M or 232%), and Flat Flat-Rolled Steel ($21.9M or 306k%). In February 2024, the decrease in Hainan Province's year-by-year imports was explained primarily by an decrease in imports from Italy ($-87.4M or -75.9%), France ($-73.8M or -55%), and Iran ($-60.4M or -87.6%), and product imports decrease in Beauty Products ($-98.5M or -26.5%), Refined Petroleum ($-65.4M or -96.6%), and Jewellery ($-36.9M or -52.1%).