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Hainan cashes in on travel rebound

Hainan Province’s Department of Commerce reported a 29.62% YoY increase in service imports and exports for Q1. Service exports rose 40.22% to $1.01 billion (6.38 billion RMB), while imports grew 20.68% to $1.03 billion (6.511 billion RMB). Service trade accounted for 16.72% of the province’s total foreign trade, up by 2.03% from the previous year. International travel services surged, reaching $273 million (1.729 billion RMB), with inbound travelers mainly from South Korea, Malaysia, Russia, Mongolia, and Singapore.

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