China's cotton garment exports fell sharply in the first nine months of 2023

Regarding the quarterly clothing export situation, since the fourth quarter of last year, clothing exports have continued to decline. The decline has gradually increased from the first to the third quarter of this year. The continued decline in clothing exports is partly due to weak international demand and the intensification of "de-Sinicization." It is also because the export growth in the first three quarters of 2022 was high, resulting in a larger year-on-year decline in exports in the first three quarters of this year. Compared with 2019 before the epidemic, the scale of clothing exports remains high. The cumulative exports in the first three quarters of this year increased by 11.5% compared with the same period in 2019. Due to the low base in the fourth quarter of last year, it is expected that the decline in exports in the fourth quarter of this year will narrow.
The year-on-year decline in woven garment exports is smaller than that of knitted garments, and the average export price is also higher than that of knitted garments. From January to September, woven garment exports totaled US$52.12 billion, down 8.1% year-on-year; export volume was 9.35 billion pieces, down 4.5% year-on-year; and export prices fell by 3.6% year-on-year. Knitted garment exports totaled US$53.71 billion, down 11% year-on-year; export volume was 15.86 billion pieces, down 4.8% year-on-year; and export prices fell by 6.4% year-on-year. Apparel accessories exports totaled US$12.16 billion, down 2.9% year-on-year.
From January to September, China's exports of cotton knitted garments totaled US$18.94 billion, down 19% year-on-year; cotton woven garments totaled US$15.59 billion, down 7.4% year-on-year. Exports of cotton knitted and woven garments to the United States fell by 28% and 21.4% respectively, to the European Union by 32.1% and 22.1% respectively, and to Japan by 26% and 22.3% respectively. Chemical fiber garments have become a dominant product in China's garment exports, with export value almost double that of cotton garments and a lower decline rate. From January to September, exports of chemical fiber knitted garments totaled US$28.34 billion, down 5.5% year-on-year; chemical fiber woven garments totaled US$30.61 billion, down 7.4% year-on-year.
From January to September, among the major export categories of clothing, except for scarves/ties/handkerchiefs, which increased by 9.3%, exports of other clothing categories all declined to varying degrees. Exports of coats/overcoats, sweaters, underwear/sleepwear, sportswear, and baby clothing all declined by double digits, with declines of 18%, 13.1%, 10.6%, 14.2%, and 23.4%, respectively.

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China's clothing exports in October 2023 saw a significant month-on-month decrease.

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