The quantity of clothing imported by the United States from Bangladesh decreased in January 2023.

In December 2022, Bangladesh's garment exports (in local currency) continued to grow, but the growth rate was significantly lower than in previous months.
In December 2022, Bangladesh's garment exports grew by 9.5% year-on-year, compared to a surge of 71%, 50%, and 27% in July, August, and November respectively. The decline of the Taka led to a decrease in export value in December. In January 2023, the quantity of garments imported by the US from Bangladesh decreased by 5.6%. However, in US dollar terms, Bangladesh's exports surged by 15.4% year-on-year, with unit prices rising by 22%. This latest US data confirms the shift in US sourcing trends from China to Bangladesh.
Record-Breaking Growth in Garment Exports
In 2022, Bangladesh's garment exports (in US dollars) increased by 27.6% year-on-year, following a 30.4% jump in 2021. Exports to France increased by over 40%. Exports to Italy increased by 54%.
Bangladesh's total garment exports to the EU increased by 28.5%, accounting for 50% of total exports, while exports to the US market accounted for only 20%. Results varied slightly across different product categories. Compared to three years ago, EU imports of T-shirts from Bangladesh decreased by 5% in the January-September period of 2022. Despite suppressed US demand due to retail slowdown, US market share will increase in 2023.

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In 2022, the retail sales of textiles and clothing in Japan did not recover to pre-pandemic levels.

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Vietnam's textile and garment exports fell sharply in January 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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