EU clothing imports fell year-on-year in the first half of 2023

Macro: Due to falling energy costs, the Eurozone's CPI in June continued to slow more than expected, but core inflation remained stubbornly high, and services inflation rebounded. According to Eurostat data, the Eurozone's harmonized CPI rose by 5.5% year-on-year in June, while core harmonized CPI rose by 5.4% year-on-year. Notably, in June, Germany's CPI rebounded from May among the 20 Eurozone member countries.
 
Retail: The latest data from Eurostat shows that EU retail sales fell by 3% year-on-year and 0.1% month-on-month in May. Retail sales of non-food products fell by 2.4% year-on-year.
 
Import: In the first five months of the year, EU clothing imports amounted to \$38.53 billion, down 10.9% year-on-year.
 
Imports from China totaled \$9.5 billion, down 17.9% year-on-year, accounting for 24.7%, a decrease of 2.1 percentage points year-on-year;
 
Imports from Bangladesh totaled \$8.53 billion, down 11.3% year-on-year, accounting for 22.1%, a decrease of 0.1 percentage points year-on-year;
 
Imports from Turkey totaled \$4.55 billion, down 11.7% year-on-year, accounting for 11.8%, a decrease of 0.1 percentage points year-on-year;
 
Imports from India totaled \$2.34 billion, down 6.1% year-on-year, accounting for 6.1%, an increase of 0.3 percentage points year-on-year;
 
Imports from Vietnam totaled \$1.72 billion, down 1.7% year-on-year, accounting for 4.5%, an increase of 0.4 percentage points year-on-year.
 

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Analysis of the export situation of clothing in the second half of 2023

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US apparel retail sales saw a small increase month-over-month in June 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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