Industrial sewing machine exports in November 2022 decreased year-on-year

According to the General Administration of Customs, from January to November 2022, China's cumulative export value of sewing machinery products reached US\$3.185 billion, a year-on-year increase of 12.11%, with the growth rate further narrowing compared to the previous month. Among them, the export volume of industrial sewing machines reached 4.65 million units, with an export value of US\$1.649 billion, remaining at a high level for the same period, with year-on-year increases of 7.53% and 19.07% respectively. The export volume of embroidery machines reached 54,000 units, with an export value of US\$463 million, with year-on-year increases of 52.37% and 47.15% respectively.
Among them, overseas markets such as the United States and Japan saw a continued and significant decline in demand for household sewing machines, with year-on-year decreases of 38.00% and 34.92% in export volume and value respectively from January to November. In November, China's export of sewing machinery products reached US\$267 million, down 15.19% year-on-year but up 3.76% month-on-month. Among them, the export volume of industrial sewing machines was 396,000 units, with an export value of US\$124 million, down 13.00% and 25.31% year-on-year respectively, but up 14.85% and 5.94% month-on-month respectively. The export volume and value of industrial sewing machines in the industry showed a significant decline compared to the second and third quarters.

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

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Global service trade will continue to weaken in the first half of 2023.

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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