In May 2023, China's textile and apparel exports declined again
According to the latest data released by the General Administration of Customs on June 7, China's textile and apparel exports declined again in May. This is due to the continued lack of effective recovery in external demand, coupled with the impact of the high export base and supply chain recovery in the same period last year. In US dollar terms, exports fell 13.1% year-on-year and 1.3% month-on-month. The cumulative year-on-year decrease from January to May was 5.3%, expanding by 2.4 percentage points from the previous month. From the perspective of export commodity categories, due to declining overseas demand and reduced export orders from Southeast Asian countries, the decline in intermediate goods exports exceeded that of final consumer goods. In May, textile exports decreased by 14.2% year-on-year and 5.6% month-on-month, while apparel exports showed a slight stabilization, decreasing by 12.2% year-on-year and increasing by 3% month-on-month.
Textile and Apparel Exports in RMB From January to May 2023, the cumulative export of textiles and apparel reached 812.37 billion RMB, an increase of 2.1% year-on-year. Textile exports amounted to 390.48 billion RMB, a decrease of 2.4%, while apparel exports reached 421.89 billion RMB, an increase of 6.6%.
In May, textile and apparel exports totaled 174.07 billion RMB, a decrease of 10.8% year-on-year and 1.1% month-on-month. Textile exports were 82.64 billion RMB, down 11.9% and 5.5% year-on-year and month-on-month respectively, while apparel exports reached 91.43 billion RMB, down 9.8% year-on-year but up 3.2% month-on-month.
Textile and Apparel Exports in USD From January to May 2023, the cumulative export of textiles and apparel reached 118.2 billion USD, a decrease of 5.3%. Textile exports amounted to 56.83 billion USD, a decrease of 9.4%, while apparel exports reached 61.37 billion USD, a decrease of 1.1%.
In May, textile and apparel exports totaled 25.32 billion USD, a decrease of 13.1% year-on-year and 1.3% month-on-month. Textile exports were 12.02 billion USD, down 14.2% year-on-year and 5.6% month-on-month, while apparel exports reached 13.3 billion USD, down 12.2% year-on-year but up 3% month-on-month.
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 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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
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Email：tongzhou@tongzhoucotton.com
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