China's textile and apparel exports fell sharply year-on-year in the first two months of 2023

According to the General Administration of Customs' latest statistics, China's textile and apparel exports totaled US$40.84 billion in the first two months of this year, a year-on-year decrease of 18.5% (a decrease of 11.6% in RMB terms).
Textile and apparel exports in RMB terms: In the first two months of 2023, the cumulative export of textiles and apparel reached 282.3 billion RMB, down 11.6% year-on-year. Textile exports amounted to 132.41 billion RMB, down 15.9%, while apparel exports reached 149.89 billion RMB, down 7.5%.
Textile and apparel exports in US dollar terms: In the first two months of 2023, the cumulative export of textiles and apparel reached US$40.84 billion, down 18.5%. Textile exports were US$19.16 billion, down 22.4%, while apparel exports reached US$21.68 billion, down 14.7%.
Total national merchandise trade in RMB terms: In the first two months of 2023, the total value of merchandise trade reached 6.17 trillion RMB, down 0.8% year-on-year. Exports totaled 3.49 trillion RMB, up 0.9%, while imports reached 2.68 trillion RMB, down 2.9%.
Total national merchandise trade in US dollar terms: In the first two months of 2023, the total value of merchandise trade reached US$895.72 billion, down 8.3% year-on-year. Exports totaled US$506.3 billion, down 6.8%, while imports reached US$389.42 billion, down 10.2%.
Since the beginning of this year, against the backdrop of a global economic downturn, the consumption capacity and consumer confidence in major developed markets have been suppressed. Currently, the foreign trade exports of our industry are still affected by factors such as weak demand and insufficient orders, and will continue to be under pressure for some time to come.

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China's clothing production in 2022 saw a year-on-year decrease.

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China's knitted garment exports decreased 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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