Haikou Jiangdong New Area: Offshore trade volume up 300% in Q1

Newly released statistics show that—in the first quarter of this year—the offshore trade volume for the Haikou Jiangdong New Area (JDNA) in south China’s Hainan Province skyrocketed to USD 520 million, an increase of 300% over last year.

Located in Haikou, JDNA is one of the Hainan Free Trade Port's 13 key industrial parks. Developing offshore trade as one of the key industries to attract various business in commodity trading and cross-border e-commerce, the park has—year on year—consistently seen steady growth in offshore trade volume.

The rapid growth of offshore trade can be attributed to JDNA's ongoing improvement of the local industrial environment. As the park has—in partnership with several banks—actively continued to provide companies with more convenient trade settlement and financing services, the offshore trade industry has responded positively.

The park has been promoting the credit mechanism for high-quality offshore trade companies. Also, in 2023, a communication and cooperation platform was established for commercial retail businesses in the park.

Looking forward, the park plans to further improve the business environment with the goal of attracting more premium companies and projects, and further boosting and expanding offshore trade business in the area.