Core Insights - Hainan's trade with Arab League countries reached 6.2 billion yuan in the first quarter, marking a year-on-year growth of 23.5% and accounting for 10.2% of Hainan's total imports and exports during the same period [1][2]. Trade Performance - Hainan's imports from Arab League countries included liquefied propane (1.17 billion yuan, up 190%), ethylene glycol (670 million yuan, up 35%), and metal ores (48.286 million yuan, up 13.9 times) [3]. - Exports to Arab League countries comprised polyester chips (490 million yuan, up 161.4%), electromechanical products (380 million yuan, up 55%), and paper products (120 million yuan, up 18.7%) [3]. - The number of Hainan enterprises engaging in trade with Arab League countries increased by 36.1%, totaling 166 companies, with private enterprises accounting for 5.21 billion yuan of the trade, a growth of 17.2% [3]. Agricultural Trade - Hainan's high-quality fruits, vegetables, and seafood are increasingly being exported to Arab League countries, with specific examples including over 10,000 pounds of eggplants and zucchinis exported to Dubai and the first export of okra from Sanya [4]. - The processing companies for tilapia, a major seafood export from Hainan, are also expanding their market presence in Arab League countries [4].

Core Insights - Hainan's foreign trade has entered a high-quality development phase, with a total import and export value of 1.17 trillion yuan over the past seven years, marking a 99% increase compared to the previous seven years, significantly outpacing the national growth rate by 51.2 percentage points [1] - The annual import and export scale in Hainan has quadrupled from 70.2 billion yuan in 2017 to 277.8 billion yuan in 2024, with an average annual growth rate of 21.7%, leading the nation [1] - The implementation of "zero tariff" policies has substantially reduced import costs for enterprises, resulting in a rapid increase in related imports [1] Trade Dynamics - Over the past seven years, more than 80,000 new foreign trade enterprises have been registered in Hainan, with 4,609 having actual import and export performance, representing a 195.6% increase [2] - Private enterprises have accounted for 49.1% of Hainan's foreign trade, up from 21.3% in the previous seven years, becoming the largest foreign trade market entity in Hainan for five consecutive years [2] - The duty-free shopping policy has led to a cumulative total of 217.69 billion yuan in duty-free shopping over seven years, a growth of 338.7% [2] Special Economic Zones - Hainan has leveraged its customs special supervision zones to promote new business models such as cross-border e-commerce and duty-free + bonded operations, resulting in a cumulative import and export value of 378.27 billion yuan over seven years, a 30.8-fold increase [3] - The cultivation of AEO (Authorized Economic Operator) enterprises has been emphasized, with 106 AEO enterprises established in Hainan, covering key industries such as energy chemicals and duty-free goods [3]