According to Haikou Customs, the total value Hainan's imported and exported goods reached 152 billion yuan ($21 billion) in the first eight months of this year
The construction of a free trade port has begun in Hainan province and has already made a major breakthrough in furthering all-around reform and opening-up.
On March 1, the Hainan Provincial Development and Reform Commission announced its 2023 key project investment plan.
Hainan has set up the country's first provincial business environment construction department.
According to Haikou Customs, Hainan's export of goods in the first 10 months grew by 114 percent, 101 percentage points faster than that of the country as a whole, ranking first nationally.
In the first eight months of this year, Hainan province's fixed asset investment increased by 1.7 percent over the same period last year.
Haikou Customs announced on July 17 that the total import and export value of Hainan's trade in goods in the first half of the year was 91.7 billion yuan ($13.6 billion), a year-on-year increase of 56 percent