China's home textile exports increased month-on-month in September 2023

In the first three quarters, China's home textile exports saw a slight decline, but remained relatively stable compared to the overall export situation of textiles and garments. Currently, the cumulative decline in home textile exports is narrowing month by month. Given the low export base in the fourth quarter of last year, if the current export situation and monthly export volume can be maintained, China's home textile exports are expected to achieve positive growth for the whole year.
 
Following August, home textile exports in September again achieved positive growth of 6.6%, effectively narrowing the overall decline in exports. From January to September, China's cumulative home textile exports reached US\$245.9 billion, a slight decrease of 0.53%, with the cumulative decline narrowing by 1 percentage point compared to the previous month. Since entering the third quarter, China's home textile exports have reversed the trend of continuous decline and gradually stabilized and rebounded.
 
Among major categories of goods, bedding exports reached US\$104.3 billion, down 1.4%, accounting for 42.4% of total exports. In addition, exports of carpets, tablecloths and kitchenware remained positive, with growth ranging from 4% to 10%. Exports of blankets, curtains, towels and other decorative items declined, with a decrease ranging from 4% to 7%. Among the export categories that saw a decline, the cumulative decline in all categories except towels has narrowed significantly. In recent years, against the backdrop of record-high home textile exports, towel exports have shown a downward trend for two consecutive years, indicating that China's low-value-added products are gradually losing market share and international competitiveness.
 
China's top four export markets for home textiles are the United States, the European Union, ASEAN and Japan. From January to September, exports to the United States reached US\$76.2 billion, down 4.2% year-on-year, with a cumulative decline narrowing by 3.3 percentage points compared to the previous month. The cumulative decline in the past two months has narrowed by nearly 8 percentage points, indicating a significant market rebound. Exports to the European Union reached US\$30.3 billion, down 6.6% year-on-year, with a cumulative decline narrowing by 3.1 percentage points. Exports to ASEAN reached US\$29.9 billion, up 6.4% year-on-year, with cumulative growth slowing by 3.2 percentage points compared to the previous month. Exports to Japan reached US\$19.4 billion, down 11.2% year-on-year, with a cumulative decline narrowing by 1 percentage point. Exports to Australia reached US\$8.8 billion, down 8.3% year-on-year, widening the decline by 1.1 percentage points.
 
In addition, the growth in home textile exports in September was mainly driven by the North American and European markets, with monthly export growth to these two intercontinental markets reaching 22.7% and 24.5% respectively.
 
Zhejiang, Jiangsu, Shandong, Guangdong and Shanghai rank among the top five provinces and cities in China's home textile exports. Among them, Zhejiang and Guangdong maintained export growth, with increases of 2% and 27% respectively. Jiangsu, Shandong and Shanghai saw export declines, with decreases of 5.9%, 7.8% and 13.4% respectively. Among other provinces and cities, Fujian, Xinjiang, Henan and Hubei maintained export growth, with increases ranging from 5% to 80%.
 
In summary, the export performance of various provinces and cities is uneven. Provinces and cities that have achieved diversified development in cross-border e-commerce, market procurement trade and border trade have shown better export performance. On the other hand, it also shows that traditional general trade has faced more severe challenges. Imports from China decreased by 22.3%, accounting for 34.5%, down 2 percentage points from the same period last year. During the same period, the EU's imports from Pakistan, Turkey and India decreased by 13.9%, 13.3% and 25.2% respectively, while imports from the UK increased by 5.8%.
 
 

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Sales trends of international clothing brands

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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