In October 2023, the export value of China's four major categories of textile and apparel products all declined.

In October, the textile and apparel market generally maintained an upward trend. Exports of the four major categories—yarn, fabrics, home textiles, and knitted and woven garments—continued to grow for the third consecutive month, with increases of 3.7%, 8.9%, 14.3%, and 6.4%, respectively. However, export prices continued to decline due to a high year-on-year base and export competition. The unit price of exports for these four major categories continued its downward trend this month, falling by 9.2%, 11.5%, 13.7%, and 14%, respectively. Except for the widening price drop in fabrics compared to last month, the price declines for the other three major categories continued to narrow. In terms of value, the increase in export volume did not offset the decline in export value caused by falling export prices. The export value of all four major categories declined, with yarn, fabrics, home textiles, and knitted and woven garments falling by 5.5%, 3.6%, 1.4%, and 8.5%, respectively.
 
From January to October, textile exports totaled US$112.63 billion, down 9.9% year-on-year; apparel exports totaled US$133.48 billion, down 8.8% year-on-year. Among the four major categories, yarn and fabric exports fell by 8.8% and 10.1%, respectively; home textile and knitted and woven garment exports fell by 1.3% and 9%, respectively. In terms of export volume, yarn and home textiles increased by 10.3% and 5.6%, respectively, while fabrics and knitted and woven garments decreased by 1.2% and 2.9%, respectively. In terms of export prices, all four major categories declined, with yarn experiencing the largest drop at 17.3%, while fabrics, home textiles, and knitted and woven garments fell by 9%, 6.5%, and 6.3%, respectively.

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China's textile exports declined again in October 2023.

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China's major export markets for textile and apparel products from January to October 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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