China's cotton garment exports in Jan-Nov 2023 saw a significant year-on-year decrease.

Both woven and knitted garment exports have seen a significant price decrease. From January to November, woven garment exports totaled US\$62.03 billion, a year-on-year decrease of 7.7%; export volume reached 11.27 billion pieces, down 2.7%; and export prices dropped by 5.1% year-on-year. Knitted garment exports amounted to US\$64.75 billion, down 9.2%; export volume reached 19.2 billion pieces, down 1.8%; and export prices fell by 7.6% year-on-year. Exports of clothing accessories reached US\$14.69 billion, a decrease of 3%.
Several factors contributed to the decline in export prices: firstly, the significant price increase in 2022 due to supply chain bottlenecks; secondly, reduced market demand and increased price sensitivity; thirdly, the continuous 14-month decline in domestic PPI; fourthly, the widening interest rate gap between China and the US, and a substantial depreciation of the RMB during the year; and fifthly, the increasing proportion of cross-border e-commerce exports with lower unit prices.
It has been a year and a half since the implementation of the US "Xinjiang-related Act," and China's cotton product exports to major developed markets have continued to decline significantly. From January to November, China's cotton garment exports totaled US\$41.21 billion, a year-on-year decrease of 12.7%, with exports to the US, EU, and Japan falling by 20.2%, 25.9%, and 24.1% respectively, all exceeding 20%. Chemical fiber garments have become a dominant product in China's garment exports, with export value approximately 1.7 times that of cotton garments, and a lower decline rate. From January to November, chemical fiber garment exports reached US\$70.95 billion, down 5.8% year-on-year.
From January to November, among major garment export categories, excluding scarves/ties/handkerchiefs, which saw an 8.7% increase, other garment categories experienced varying degrees of decline. Exports of major categories such as coats/winter clothes, sweaters, sportswear, and infant clothing saw double-digit declines, with decreases of 17.5%, 10.8%, 14%, and 21.6% respectively. Other major categories showed single-digit declines, with trousers down 7.2%, skirts down 6.1%, shirts down 6.6%, underwear down 8.5%, and T-shirts down 3.6%.

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China's yarn exports decreased year-on-year from January to November 2023

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China's terry cloth exports significantly decreased from January to November 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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