Foreign trade


In 2000, the total value of import and export for Hainan Province reached US$1.29 billion, a moderate increase of 5.68 per cent over US$1.22 billion in 1999. The total value of export was US$802.89 million, up by 7.25 per cent over US$748.6 million in 1999. It was 12.82 per cent of the provincial GDP of RMB51.9 billion (US$6.263 billion) and 0.32 per cent of the total export value of the whole country.

Export of primary products amounted to US$322.68 million, accounting for 40.19 per cent of total export value; the export of manufactured products totalled US$480.21 million, or 59.81 per cent.

Hong Kong was again the biggest export market for the province (see Table 7.21.2). In 2000, the province exported US$353.46 million worth of goods to Hong Kong, 44.02 per cent of the province's total export. Other major export destinations include Japan, USA, Korea and Taiwan Province.

Table 7.21.2: Top five export markets, Hainan Province, 1995 and 2000

Country/region

Export value (US$ million)

% of export total

1995

Hong Kong

443.86

53.48

Japan

142.33

17.15

USA

57.33

6.91

Republic of Korea

52.74

6.35

The Netherlands

27.74

3.34

Total

724

87.23

2000

Hong Kong

353.46

44.02

Japan

82.24

10.24

USA

80.94

10.08

Republic of Korea

29.77

3.7

Taiwan Province

20.45

2.55

Total

566.86

70.59

The import total of Hainan Province increased by 3.17 per cent in total, a rise from US$470.07 million in 1999 to US$484.95 million in 2000.

Import of primary products amounted to US$138.65 million, making up 28.9 per cent of the total value, and that of manufactured products stood at US$346 million, or 72.08 per cent.

Hong Kong was again the largest import source for the province (see Table 7.21.3), supplying US$175.77 million worth of goods to the province. Japan ranked second with 13.89 per cent of the province's import value.

Table 7.21.3: Top five import markets, Hainan Province, 1995 and 2000

Country/region

Import value (US$ million)

% of import total

1995

Hong Kong

658.62

46.19

Japan

153.17

10.47

USA

146.62

10.26

Vietnam

97.69

6.85

Singapore

70.13

4.92

Total

1,126.23

78.69

2000

Hong Kong

175.77

36.25

Japan

67.29

13.89

USA

44.03

9.08

Republic of Korea

30.85

6.36

Thailand

20.75

4.28

Total

338.69

69.86




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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