Textile and garment exports in the first half of 2023 fell year-on-year

Textile and apparel exports in RMB: From January to June 2023, the cumulative export of textile and apparel reached 983.22 billion RMB, down 1.9% year-on-year (same as below). Textile exports were 466.28 billion RMB, down 4.5%, while apparel exports reached 516.94 billion RMB, up 0.7%.
　　In June, textile and apparel exports totaled 188.09 billion RMB, down 10.8% year-on-year but up 8.1% month-on-month. Textile exports were 80.59 billion RMB, down 10.6% year-on-year and down 2.5% month-on-month, while apparel exports reached 107.5 billion RMB, down 10.9% year-on-year but up 17.6% month-on-month.
　　Textile and apparel exports in USD: From January to June 2023, the cumulative export of textile and apparel reached 1426.8 billion USD, down 8.3%. Textile exports were 677 billion USD, down 10.9%, while apparel exports were 749.8 billion USD, down 5.9%.
　　In June, textile and apparel exports totaled 269.9 billion USD, down 14.3% year-on-year but up 6.6% month-on-month. Textile exports were 115.7 billion USD, down 14.1% year-on-year and down 3.8% month-on-month, while apparel exports reached 154.2 billion USD, down 14.4% year-on-year but up 16% month-on-month.

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In June 2023, the decline in China's home textile exports widened.

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