China's share of US clothing imports fell below 20% for the first time.


  Textiles and Apparel From January to March, the US imported $28.57 billion worth of textiles and apparel, a year-on-year decrease of 21.4%. Imports from China totaled $6.29 billion, down 35.8% year-on-year, accounting for 22% of the total, a decrease of 4.9 percentage points year-on-year. Imports from Vietnam, India, Bangladesh, and Mexico decreased by 24%, 16.3%, 14.4%, and 0.2% respectively, accounting for 12.8%, 8.9%, 7.8%, and 5.2% respectively, with increases of -0.4, 0.5, 0.6, and 1.1 percentage points respectively.
    Textiles From January to March, imports totaled $7.68 billion, a year-on-year decrease of 23.7%. Imports from China amounted to $2.58 billion, a year-on-year decrease of 36.5%, accounting for 33.6% of the total, a decrease of 6.8 percentage points year-on-year. Imports from India, Mexico, Pakistan, and Turkey decreased by 22.6%, 1.8%, 14.6%, and 24% respectively, accounting for 16%, 8%, 6.3%, and 4.7% respectively, with increases of 0.3, 2, 0.7, and -0.03 percentage points respectively.
    Apparel From January to March, imports totaled $21.43 billion, a year-on-year decrease of 21%. Imports from China amounted to $4.12 billion, a year-on-year decrease of 35.3%, accounting for 19.2% of the total, a decrease of 4.3 percentage points year-on-year. Imports from Vietnam, Bangladesh, India, and Indonesia decreased by 24.4%, 13.7%, 11.3%, and 18.9% respectively, accounting for 16.1%, 10%, 6.5%, and 5.9% respectively, with increases of -0.7, 0.8, 0.7, and 0.2 percentage points respectively.

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.


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.


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.


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.