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22.05.2024
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$ 90.41
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The volume of sales of duty free goods in Hainan over the past two years amounted to $13.1 billion

5f0d26e1a3108348fcdd2f85Total sales in duty-free shops in the southern Chinese province of Hainan over the past two years since the increase in purchase quotas amounted to 90.6 billion yuan ($13.1 billion).

Such data of the customs of Haikou city is published by the information resource "Zhongguo xinwenwang".
During this period, over 12.2 million customers visited duty free stores located on Hainan. In total, about 125 million different goods were sold. The top three sales leaders included cosmetics, watches and jewelry.
The Hainan authorities launched an experimental program to create a developed duty free network in 2011. Currently, there are nine duty-free shops on the island, they are located in the administrative center of the province - the city of Haikou, the resort of Sanya, as well as in the coastal town of Boao in the Qionghai district in the northeast of Hainan.
Since July 1, 2020, the provincial authorities have increased from 30 thousand to 100 thousand yuan (from $4.71 thousand to $ 15.72 thousand) the quota per person for purchases in duty-free shops of the province. The list of duty-free goods has been expanded from 38 to 45 items. Since February 2 last year, Hainan has also launched a service for the delivery of duty-free goods to the destination by mail to customers leaving the island.
In 2021, the sales volume of duty free stores in Hainan exceeded 60 billion yuan (about $9.4 billion), an increase of 84% year-on-year. This year, the island's authorities expect that this figure will be brought to 100 billion yuan ($14.4 billion).