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

     
As a global engine for clothing trade, US import demand remains sluggish, and the EU also shows a downturn. From January to April, the US imported $27.81 billion worth of clothing, a year-on-year decrease of 22.9%. The EU imported $31.44 billion worth of clothing, a year-on-year decrease of 9.8%. The UK imported $7.09 billion worth of clothing, a year-on-year decrease of 13.5%. Canada imported $3.81 billion worth of clothing, a year-on-year decrease of 1.7%. Australia imported $3.02 billion worth of clothing, a year-on-year decrease of 4.2%.
Among the major developed markets, only Japan and South Korea showed growth. In the first four months, Japan and South Korea imported $8.57 billion and $4.23 billion worth of clothing respectively, both showing a year-on-year increase of 3.7%.
With weakening global demand, major clothing suppliers are facing difficulties with insufficient orders, including Vietnam and Bangladesh, which had strong growth last year. Their exports have slowed significantly, and the rate of decline has far exceeded that of China. From January to May, Vietnam's clothing exports totaled $12.3 billion, a year-on-year decrease of 17.8%. From January to April, the EU's clothing exports totaled $14.31 billion, an increase of 1.2%; Bangladesh's exports totaled $14.28 billion, a decrease of 8.5%; Turkey's exports totaled $6.46 billion, a decrease of 6.3%; India's exports totaled $5.81 billion, a decrease of 14%; Cambodia's exports totaled $3.71 billion, a decrease of 15.4%; Pakistan's exports totaled $2.67 billion, a decrease of 15.7%; Indonesia's exports totaled $2.62 billion, a decrease of 29.1%. In a horizontal comparison, China's exports decreased slightly by 1.1%, showing relatively good performance among major clothing exporting countries.
Neighboring countries still have a high dependence on China's yarn and fabric products. From January to May, China's fabric exports showed a significant decline. Exports of fabrics to Vietnam decreased by 13%, to Bangladesh by 24.9%, and to Cambodia by 18.5%. The decline in demand for China's textile intermediate products from clothing-producing countries also reflects that clothing exports from Southeast Asian countries are unlikely to improve in the short term.

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

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EU and Japan's clothing imports from China decreased year-on-year from January to April 2023.

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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