US clothing imports fell sharply in November 2022

In November 2022, US clothing imports saw a significant year-on-year decrease of 14.6% in value and 30.5% in volume. However, the average import price continued to rise, with a year-on-year increase of 23%.
 
Compared to the same period in 2019 (pre-pandemic), US clothing imports in November 2022 decreased by 5% in volume but increased by 14% in value, with the unit price rising by 19%.
 
In November 2022, US clothing imports from China nearly halved year-on-year, with a decrease of 47% in volume and 38% in value. Imports from other countries decreased by 19% in volume and 6.4% in value. In contrast, US clothing imports from Vietnam only decreased by 11% in volume and 3.8% in value.
 
From January to November 2022, China's share of US clothing imports fell from 24.1% to 22%, while Vietnam's share rose from 17.8% to 18.3%.
 
At the current rate, Vietnam will soon surpass China as the largest source of US clothing imports (in US dollar value). However, in terms of import volume, China remains the largest source, holding a significant 34.8% share, far exceeding Vietnam's 15.8%.
 
Bangladesh, the third largest source of US clothing imports, is also experiencing rapid growth. In November 2022, US clothing imports from Bangladesh increased by 42.5% year-on-year, following a 37% increase for the whole of 2021.
 
While other sources of US clothing imports have seen substantial increases in quantity, none hold a market share exceeding 6%.

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China's clothing exports increased month-on-month in December 2022

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Vietnam's textile and garment exports increased year-on-year in 2022

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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