The Hainan Free Trade Port (FTP) has recorded a dramatic rise in zero-tariff trade activity following the implementation of island-wide special customs operations, with official data revealing a 146% year-on-year increase in such transactions. Over the first 100 days of the policy, 186 zero-tariff deals totaling 1.7 billion yuan ($246 million) were processed, saving businesses 271 million yuan in customs duties.
Total import and export values across the FTP surpassed 80 billion yuan ($11.6 billion) during this period, marking a 32.9% growth compared to 2025. The reforms, launched on December 18, 2025, have streamlined cross-border trade by expanding zero-tariff coverage and simplifying customs procedures for overseas goods.
Analysts attribute the surge to Hainan’s strategic positioning as a testing ground for China’s trade liberalization policies. The FTP now serves as a critical gateway for businesses seeking cost-efficient access to Asian markets, particularly for high-value sectors like electronics and pharmaceuticals.
Authorities plan to further optimize logistics infrastructure and digital customs platforms this year to sustain growth, positioning Hainan as a key hub in Asia’s evolving trade landscape.
