China's textile and apparel exports surged in March 2023

According to the latest data released by the General Administration of Customs on April 13, under the influence of factors such as China's continuous efforts in stabilizing foreign trade policies, the comprehensive lifting of epidemic prevention and control measures, and the resumption of work and production after the Spring Festival, China's textile and apparel exports in March rebounded, exceeding both February of this year and the same period last year, with overall exports showing stability. In US dollar terms, textile and apparel exports in March reached US$26.39 billion, a significant month-on-month increase of 82% and a year-on-year increase of 20%. From January to March, textile and apparel exports totaled US$67.23 billion, down 6.8% year-on-year, with the decline narrowing compared to the previous month.
 
Textile and apparel exports in RMB terms: From January to March 2023, cumulative textile and apparel exports reached 462.3 billion RMB, up 0.71% year-on-year (same below). Of this, textile exports were 220.45 billion RMB, down 5.1%, and apparel exports were 241.85 billion RMB, up 6.7%.
 
In March, textile and apparel exports reached 180.01 billion RMB, an increase of 28.9%, with textile exports at 88.03 billion RMB, up 17.5%, and apparel exports at 91.98 billion RMB, up 42%.
 
Textile and apparel exports in US dollar terms: From January to March 2023, cumulative textile and apparel exports reached US$67.23 billion, down 6.8%, with textile exports at US$32.07 billion, down 12.1%, and apparel exports at US$35.16 billion, down 1.3%.
 
In March, textile and apparel exports reached US$26.39 billion, up 20%, with textile exports at US$12.905 billion, up 9.5%, and apparel exports at US$13.485 billion, up 32.3%

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Cotton fabric exports surged in March 2023

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China's clothing production in 2023 saw a year-on-year decrease in the first two months.

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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