US textile and apparel imports fell sharply in October

According to official US statistics, US textile and apparel imports in October 2022 decreased by 11.2% to 7.81 billion square meter equivalents. Total textile imports were 5.6 billion square meter equivalents, down 8.8% from September 2021 and down 7.5% from October 2021. Apparel imports decreased even more significantly, to 2.21 billion square meters, down 17.5% from September 2022 and down 22.7% from October 2021.
 
Total annual imports through October 2022 increased to 110.9 billion SMEs, a 24.0% increase year-on-year. Textile imports grew by 28.4% to 78.4 billion SMEs, while apparel imports grew by 14.6% to 32.5 billion SMEs.
 
China remains the leading supplier of textiles and apparel to the US, exporting 2.77 billion SMEs, down 24.5% from October 2021. India exported 869.2 million SMEs, down 13% year-on-year. Vietnam exported 97.1 billion SMEs, up 9.1% during the reporting period. Turkey exported 52.69 billion SMEs in October 2022, up 52.4%. Bangladesh exported 29.5 billion SMEs in October 2022, up 5.3% from October 21. Malaysia was the biggest winner, with SME exports increasing by 210.9% to 24.81 billion SMEs. In October 2022, Pakistan's exports to the US were 248 million SMEs, down 17.1%.

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Significant decline in cotton garment exports from January to October 2022

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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