EU and Japan clothing imports decreased year-on-year from January to July 2023

EU
    Macroeconomic Overview: Recently, European Central Bank President Christine Lagarde stated that economic activity in the euro area was generally stagnant in the first half of 2023, and recent indicators suggest further weakness in the third quarter. The European Central Bank has lowered its economic growth forecast for the euro area in 2023 to 0.7%, while adjusting its growth forecasts for 2024 and 2025 to 1.0% and 1.5%, respectively.
According to data from Eurostat, the euro area's overall inflation rate remained unchanged at 5.3% in August due to a significant increase in energy costs that month, while core goods price pressures eased somewhat. Inflation accelerated in France in August, with CPI reaching 4.8%; Germany's August CPI was 6.1%, a slight decrease from 6.2% in July; while inflation in Spain accelerated to 2.4%, marking the second consecutive month of acceleration.
    Retail Latest data from Eurostat shows that euro area retail sales fell by 0.2% month-on-month and 1.0% year-on-year in July. After a brief rebound in the first quarter, Italy's fashion industry entered a slowdown phase, with sales falling in April for the first time since February 2021. Full-year sales are projected to increase by 4.5% to €103.28 billion.
    Import: From January to July, EU clothing imports totaled $55.34 billion, a year-on-year decrease of 9.4%.
Imports from China totaled $14.59 billion, down 13.5% year-on-year; accounting for 26.4% of the total, a decrease of 1.3 percentage points year-on-year.
Imports from Bangladesh totaled $11.69 billion, down 11.6% year-on-year; accounting for 21.1% of the total, a decrease of 0.5 percentage points year-on-year.
Imports from Turkey totaled $6.46 billion, down 10.6% year-on-year; accounting for 11.7% of the total, an increase of 0.2 percentage points year-on-year.
Imports from India totaled $3.2 billion, down 6.7% year-on-year; accounting for 5.8% of the total, an increase of 0.2 percentage points year-on-year.
Imports from Vietnam totaled $2.43 billion, down 3.1% year-on-year; accounting for 4.4% of the total, an increase of 0.3 percentage points year-on-year.
Japan
    Macroeconomic Overview According to a survey by the Japanese Ministry of Internal Affairs and Communications, the average consumer expenditure for Japanese households with two or more members in July was ¥281,736 (approximately ¥14,000 RMB). After adjusting for price increases, this figure was 5% lower than in July of the previous year, marking the fifth consecutive month of decrease in household consumer spending in Japan.
    Retail According to revised data from the Japanese Ministry of Economy, Trade and Industry, Japan's retail sales in July increased by 6.8% year-on-year, an expansion of 0.9 percentage points compared to the previous month, and increased by 2.1% month-on-month. From January to July, Japan's textile and apparel retail sales totaled ¥5 trillion, a year-on-year increase of 1%. In July alone, Japan's textile and apparel retail sales were ¥724 billion, a year-on-year increase of 3.2%.
Import: From January to July, Japan's clothing imports totaled $14.02 billion, down 0.8% year-on-year.
Imports from China totaled $7.07 billion, down 8% year-on-year; accounting for 50.5% of the total, a decrease of 4 percentage points year-on-year.
Imports from Vietnam totaled $2.32 billion, up 9.6% year-on-year; accounting for 16.5% of the total, an increase of 1.6 percentage points year-on-year.
Imports from Bangladesh totaled $0.74 billion, down 3.6% year-on-year; accounting for 5.3% of the total, a decrease of 0.2 percentage points year-on-year.
Imports from Myanmar totaled $0.64 billion, up 25.8% year-on-year; accounting for 4.6% of the total, an increase of 1 percentage point year-on-year.
Imports from Cambodia totaled $0.63 billion, down 0.5% year-on-year; accounting for 4.5% of the total, an increase of 0.02 percentage points year-on-year.

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China's fabric exports in August 2023 decreased year-on-year

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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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