Hainan Province

Overview In December 2024 Hainan Province exported $1.22B and imported $2.17B, resulting in a negative trade balance of $949M. Between December 2023 and December 2024 the exports of Hainan Province have increased by $187M (18%) from $1.04B to $1.22B, while imports increased by $255M (13.3%) from $1.92B to $2.17B.

Trade In December 2024, the top exports of Hainan Province were Polyacetals ($83.3M), Commodities not elsewhere specified ($53.9M), Passenger and Cargo Ships ($53.5M), Petroleum Gas ($51.9M), and Knit Women's Suits ($50.4M). In December 2024 the top imports of Hainan Province were Iron Ore ($209M), Planes, Helicopters, and/or Spacecraft ($202M), Crude Petroleum ($195M), Coal Briquettes ($144M), and Beauty Products ($112M).

Destinations In December 2024, Hainan Province exported mostly to Hong Kong ($129M), United States ($94.3M), Vietnam ($88.3M), Democratic Republic of the Congo ($59.8M), and Malaysia ($50.7M), and imported mostly from France ($257M), Australia ($153M), Brazil ($145M), Indonesia ($138M), and Canada ($129M).

Growth In December 2024, the increase in Hainan Province's year-by-year exports was explained primarily by an increase in exports to Belgium ($41.5M or 1.5k%), United States ($36M or 61.7%), and United Arab Emirates ($29.5M or 163%), and product exports increase in Knit Women's Suits ($50.4M or 418k%), Commodities not elsewhere specified ($50.4M or 1.41k%), and Polyacetals ($42.6M or 104%). In December 2024, the increase in Hainan Province's year-by-year imports was explained primarily by an increase in imports from France ($166M or 185%), Brazil ($124M or 597%), and Malaysia ($104M or 480%), and product imports increase in Planes, Helicopters, and/or Spacecraft ($173M or 608%), Copper Ore ($52.2M or 666%), and Cyclic Hydrocarbons ($37.2M or 125%).