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

Since the third quarter, China's economy has shown an overall recovery, with policies to stabilize foreign trade and orders effectively implemented, and exchanges between Chinese and foreign personnel becoming increasingly convenient. Demand in major developed overseas markets has gradually recovered, driving the recovery of China's textile and apparel exports together with emerging markets. According to the latest data released by the General Administration of Customs on December 7, in US dollar terms, textile and apparel exports in November reached US$23.66 billion, down 1.8% year-on-year, with the decline narrowing by 6.6 percentage points compared to the previous month. Among them, textile exports recovered to basically the same level as last year year-on-year, and increased by 3.8% month-on-month; apparel exports narrowed the year-on-year decline to 3%, and increased by 2.4% month-on-month, ending two consecutive months of month-on-month decline.
Textile and apparel exports in RMB terms: From January to November 2023, the cumulative export of textiles and apparel reached 1886.18 billion yuan, down 3.5% year-on-year (the same below), of which textile exports were 865.57 billion yuan, down 3.7%, and apparel exports were 1020.61 billion yuan, down 3.3%.
In November, textile and apparel exports reached 169.88 billion yuan, down 1.8% year-on-year and up 3% month-on-month. Among them, textile exports were 79.82 billion yuan, down 0.5% and up 3.8% month-on-month, while apparel exports were 90.06 billion yuan, down 2.9% and up 2.4% month-on-month.
Textile and apparel exports in US dollar terms: From January to November 2023, the cumulative export of textiles and apparel reached US$268.56 billion, down 8.9%, of which textile exports were US$123.36 billion, down 9.2%, and apparel exports were US$145.2 billion, down 8.6%.
In November, textile and apparel exports reached US$23.66 billion, down 1.8% and up 3% month-on-month. Among them, textile exports were US$11.12 billion, down 0.5% and up 3.8% month-on-month, while apparel exports were US$12.55 billion, down 3% and up 2.4% month-on-month.

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Output of clothing from large-scale enterprises in Jan-Oct 2023 decreased year-on-year

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

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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