US imports of textiles and apparel from China have stabilized.
Textiles and Apparel: In January, the US imported $9.84 billion worth of textiles and apparel, a year-on-year decrease of 12.5%, which narrowed by 0.6 percentage points compared to December last year.
Imports from China amounted to $2.94 billion, an increase of 3.7%, marking the first growth after 16 consecutive months of decline; this accounts for 29.9% of total imports, a year-on-year increase of 4.6 percentage points.
Imports from Vietnam totaled $1.36 billion, a decrease of 5.3%; this accounts for 13.8% of total imports, an increase of 1 percentage point.
Imports from India amounted to $0.78 billion, a decrease of 24.1%; this accounts for 7.9% of total imports, a decrease of 1.2 percentage points.
Since September last year, the change in the volume of US imports from China has outperformed the change in global import volume for five consecutive months, indicating that China's market share has stabilized after a period of continuous decline.
Textiles: In January, the US imported $2.82 billion worth of textiles, a year-on-year decrease of 5.8%, which widened by 1.5 percentage points compared to December last year.
Imports from China amounted to $1.15 billion, an increase of 8.2%; this accounts for 40.7% of total imports, a year-on-year increase of 5.2 percentage points.
Imports from India totaled $0.39 billion, a decrease of 21.6%; this accounts for 14% of total imports, a decrease of 2.8 percentage points.
Imports from Mexico amounted to $0.2 billion, an increase of 2.6%; this accounts for 7.2% of total imports, an increase of 0.6 percentage points.
Apparel: In January, the US imported $7.02 billion worth of apparel, a year-on-year decrease of 14.9%, which narrowed by 1.4 percentage points compared to December last year.
Imports from China amounted to $1.8 billion, an increase of 1%; this accounts for 25.6% of total imports, a year-on-year increase of 4 percentage points.
Imports from Vietnam totaled $1.28 billion, a decrease of 4.6%; this accounts for 18.2% of total imports, an increase of 2 percentage points.
Imports from Bangladesh amounted to $0.58 billion, a decrease of 36.5%; this accounts for 8.2% of total imports, a decrease of 2.8 percentage points.
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.
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.
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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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