Exports of Chinese cotton products to major developed markets have continued to decline significantly.

Against the backdrop of weakening external demand and the accelerating adjustment of the global textile and apparel supply chain, China's apparel exports, after experiencing three years of growth driven by the pandemic, have accelerated their return to pre-pandemic levels in the second half of this year. In the first half of this year, China's apparel exports fell by 6.1% year-on-year, but were still 17.6% higher than the same period in 2019 before the pandemic, maintaining a generally high historical level. Since the second half of the year, textile and apparel exports have slowed further, with a year-on-year decline widening to 12% from July to October, and only a 1.5% increase compared to the same period in 2019. In October alone, exports even fell slightly by 0.7% compared to the same period in 2019, further signaling the official end of the pandemic dividend.
Both the export value and unit price of woven and knitted garments have decreased.
The year-on-year decline in woven garment exports was smaller than that of knitted garments, and the average export price was also higher than that of knitted garments. From January to October, woven garment exports totaled US$56.83 billion, down 8% year-on-year; export volume was 10.23 billion pieces, down 3.8% year-on-year; and export prices fell by 4.5% year-on-year. Knitted garment exports totaled US$59.12 billion, down 9.9% year-on-year; export volume was 17.46 billion pieces, down 3.1% year-on-year; and export prices fell by 6.9% year-on-year. Apparel accessories exports totaled US$13.44 billion, down 2.9% year-on-year.
Exports of cotton garments continue to decline.
More than a year has passed since the implementation of the US "Uyghur Forced Labor Prevention Act," and China's exports of cotton products to major developed markets have continued to decline significantly. From January to October, China's exports of cotton knitted garments totaled US$20.61 billion, down 18% year-on-year; and exports of cotton woven garments totaled US$16.98 billion, down 6.8% year-on-year. Exports of cotton knitted and woven garments to the US fell 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 major export product for China, with export value nearly double that of cotton garments, and a lower decline rate than cotton garments. From January to October, exports of chemical fiber knitted garments totaled US$31.49 billion, down 4.6% year-on-year; and exports of chemical fiber woven garments totaled US$33.4 billion, down 7.8% year-on-year.
Major categories show varying degrees of export decline.
From January to October, among the major export categories of apparel, except for scarves/ties/handkerchiefs, which saw a 9.2% increase in exports, all other apparel categories experienced varying degrees of decline. Exports of coats/winter clothes, 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.

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China's textile and apparel exports increased month-on-month in November 2023

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China's textile exports declined again in 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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