Sales of duty-free goods contribute to foreign trade in Sanya in southern China
The total volume of foreign trade turnover of the resort city of Sanya /prov. Hainan, South China/ soared to 24.23 billion yuan /about $3.4 billion/ in 2023, up 13.1 percent from 2022, with duty-free goods playing a vital role. U.S. dollars/, up 13.1 percent from 2022, with duty-free goods playing a vital role, the local customs office said on Sunday.
In 2023, imports of duty-free goods into Sanya city rose 25.5 percent to 10.76 billion yuan. They accounted for 44.4 percent of the city's total imports and exports.
Exports and imports of private enterprises rose 2.8 times, and those with foreign investment rose 2.1 times.
Last year, the EU, Switzerland and Japan became Sanya's three largest trading partners.
During the reporting period, cosmetics and toiletries were the main imported goods, with imports totaling 5.67 billion yuan in value, taking up 27.2 percent of the city's total imports for the whole of 2023.