China's cotton garment exports plummeted in 2023

According to China Customs statistics, from January to December 2023, China's cumulative export of clothing (including clothing accessories, the same below) reached US$1591.4 billion. Despite a high base in 2022, this represents a year-on-year decrease of 7.8%, but an increase of 8.5% compared to the same period in 2019 (pre-pandemic). 2023 was the first year of economic recovery and development after three years of COVID-19 prevention and control. China's clothing exports withstood external pressure and overcame internal difficulties, maintaining overall stability with a significant upward trend in the fourth quarter. The decline in exports to traditional markets was partly offset by growth in cross-border e-commerce and emerging markets.
 
It has been a year and a half since the implementation of the US "Xinjiang-related bill", and China's exports of cotton products to major developed markets have continued to decline significantly. From January to December, China's exports of cotton clothing amounted to US$455.4 billion, a year-on-year decrease of 11.7%, with exports to the United States, the European Union, and Japan falling by 18.6%, 23.7%, and 23.4% respectively. Chemical fiber clothing has become a dominant product in China's clothing exports, with export value 1.7 times that of cotton clothing, and a lower rate of decline. From January to December, exports of chemical fiber clothing reached US$768.6 billion, a year-on-year decrease of 5.5%, with exports to the United States, the European Union, and Japan falling by 8.7%, 19.5%, and 9.5% respectively.

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China's household textile exports stabilized and rebounded from January to December 2023

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EU imports of clothing from China fell sharply 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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