The rapid growth comes after China implemented a new customs framework featuring a ‘first line’ free flow of goods between Hainan and overseas markets and a ‘second line’ regulated flow between Hainan and mainland China, aiming to boost trade efficiency and industrial development. Officials said the policy has accelerated the release of “policy dividends,” expanding zero-tariff coverage and improving effectiveness across sectors, as per reports by Chinese media outlets.
Hainan Free Trade Port’s zero-tariff imports surged 120 per cent to 2.65 billion yuan after island-wide customs reforms launched on December 18.
Total trade rose 54.6 per cent, supported by faster clearance, expanded tariff exemptions, and growing enterprise registrations, highlighting strong momentum in the region’s opening-up and industrial expansion.
At key ports such as Yangpu Port, imported goods categories have diversified from large equipment to raw materials and precision components, supporting broader industrial chain development.
Efficiency and infrastructure gains
Customs facilitation measures, including a ‘direct release’ system, have reduced declaration categories from 105 to 33, cutting average clearance times by 20 per cent. Around 70,000 tonnes of goods have been cleared under streamlined procedures.
The number of operational second line ports has reached 10, with outbound shipment procedures simplified by over 60 per cent.
Broader economic impact
From December 18 to May 31, Hainan’s total goods trade reached 173.98 billion yuan, marking a 54.6 per cent year-on-year increase. During the same period, the number of new customs-registered enterprises rose 57.8 per cent to 10,325, while offshore duty-free shopping climbed 20.5 per cent to 20.34 billion yuan.
In addition, domestic sales under the tariff exemption policy generated savings of approximately 30.25 million yuan for companies.
Authorities said Hainan will deepen reforms, strengthen alignment with high-standard international trade rules, and steadily expand institutional opening-up to support the Free Trade Port’s long-term development.
Fibre2Fashion News Desk (CG)
