China's exports of cotton garments to the US saw a significant drop from January to May 2023.

The downward trend in exports has improved since March.
 
From January to May, China's clothing exports decreased by 1.1%, an improvement compared to the abnormal export situation from October last year to February this year, which was caused by a surge in external demand inventory and the epidemic (exports decreased by 13.6% in the fourth quarter of last year and by 14.7% in January-February this year). Compared with the normal situation before the epidemic, clothing exports in the first five months still increased by 23.9% year-on-year compared with 2019, and are still at a high level from the historical trend of the industry (clothing exports in the whole year of last year increased by 19.5% compared with 2019).
 
Woven clothing exports are stronger than knitted clothing exports.
 
Affected by factors such as industry characteristics, costs, and preferential trade policies, the scale of relocation of China's knitted garment manufacturing industry is significantly larger than that of the woven industry, and the speed of order transfer is accelerating. From January to May, China's knitted garment exports totaled US$26.55 billion, down 5.4% year-on-year; export volume was 8.03 billion pieces, down 5.8%; and export prices increased slightly by 0.6%. Woven garment exports totaled US$27.02 billion, up 3.5% year-on-year; export volume was 5.04 billion pieces, down slightly by 0.8%; and export prices increased by 4.3%. Exports of clothing accessories reached US$5.9 billion, up 6.6%.
 
Exports of cotton clothing to the US and Western markets are accelerating downward.
 
It has been a full year since the US "Uyghur Forced Labor Prevention Act" was implemented, which has not only seriously affected China's exports of cotton products to the US, but also has a negative chain reaction on other Western developed markets. From January to May, China's exports of cotton knitted garments totaled US$10.6 billion, down 12.8% year-on-year; exports of cotton woven garments totaled US$8.64 billion, down 4%. Among them, exports of cotton knitted and woven garments to the United States decreased by 33.7% and 26% respectively, to the European Union by 27.2% and 27.6% respectively, and to Japan by 24.3% and 18.9% respectively. In contrast, exports of chemical fiber clothing have maintained steady growth. In the first five months, exports of chemical fiber knitted garments reached US$12.7 billion, remaining flat year-on-year; exports of chemical fiber woven garments reached US$15.45 billion, up 10.7%.
 
Exports of major categories vary.
 
From January to May, the main categories with export growth include: suits/casual suits, up 11.1% year-on-year; shirts, up 2.5%; knitted T-shirts, up 1%; bras, up 4.7%; socks, up 5.1%; scarves/ties/handkerchiefs, up 26.7%. Categories with slight export declines include: coats/winter clothes, down 0.1%; trousers, down 1.1%; skirts, down 0.5%. Categories with significant export declines include: underwear/sleepwear, down 6.7%; sweaters, down 9.7%; infant clothing, down 21.1%; sportswear/swimwear, down 9.2%; gloves, down 4.5%.

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Outlook for China's textile and apparel exports in the second half of 2023

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Imports of clothing from European and American countries continue to decline.

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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