China's cotton garment exports continued to decline from January to October 2023


More than a year has passed since the implementation of the US "Uyghur Forced Labor Prevention Act", and China's cotton product exports to major developed markets have continued to decline significantly. From January to October, China's exports of cotton knitwear totaled US$20.61 billion, a year-on-year decrease of 18%; cotton woven garments totaled US$16.98 billion, a year-on-year decrease of 6.8%. Exports of cotton knitwear and woven garments to the US decreased by 24.7% and 19.2% respectively, to the EU by 30.9% and 20.7% respectively, and to Japan by 25.5% and 23.5% respectively. Chemical fiber garments have become a dominant product in China's garment exports, with export value nearly double that of cotton garments, and the decline is less than that of cotton garments. From January to October, exports of chemical fiber knitwear reached US$31.49 billion, a year-on-year decrease of 4.6%; chemical fiber woven garments reached US$33.4 billion, a year-on-year decrease of 7.8%.
From January to October, among the major garment export categories, excluding scarves/ties/handkerchiefs, which saw a 9.2% increase in exports, all other garment categories experienced varying degrees of decline. Exports of coats/winter clothing, sweaters, underwear/sleepwear, sportswear, and infant clothing all saw double-digit declines, with decreases of 17.7%, 11.8%, 9.6%, 14.2%, and 22.1% respectively.

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.


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.


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.


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.