Textile and garment exports in January-February 2024 showed year-on-year growth

In 2024, China's policies to stabilize its economy and foreign trade continued to take effect. Driven by the recovery of overseas demand, more convenient trade exchanges, the accelerated development of new foreign trade formats and models, and the low base effect of the same period last year, China's textile and apparel exports in January and February continued the upward trend from December last year, maintaining growth and showing an overall recovery and improvement.
According to the latest data released by the General Administration of Customs on March 7, in US dollar terms, cumulative textile and apparel exports in the first two months totaled US\$450.9 billion, a year-on-year increase of 14.3%. Textile exports reached US\$217.1 billion, up 15.5%, while apparel exports reached US\$233.8 billion, up 13.1%, with both growth rates exceeding the national goods trade export growth rate.
Despite the rapid growth, the export volume in the first two months has not yet reached the level of the same period in 2022, and is still considered recovery growth. China's textile and apparel foreign trade still faces many uncertainties, and the foreign trade situation remains severe and complex. The export performance in the next stage remains to be seen.
Textile and Apparel Exports in RMB terms:
From January to February 2024, cumulative textile and apparel exports reached 3205.3 billion yuan, an increase of 17.5% year-on-year. Textile exports reached 1543.3 billion yuan, up 18.9%, while apparel exports reached 1662 billion yuan, up 16.3%.
Textile and Apparel Exports in US dollar terms:
From January to February 2024, cumulative textile and apparel exports totaled US\$450.9 billion, an increase of 14.3%. Textile exports reached US\$217.1 billion, up 15.5%, and apparel exports reached US\$233.8 billion, up 13.1%.
National Goods Trade Import and Export Total Value in RMB terms:
From January to February 2024, the total value of goods trade import and export reached 66137.9 billion yuan, an increase of 8.7% year-on-year. Exports reached 37523.2 billion yuan, up 10.3%, while imports reached 28614.6 billion yuan, up 6.7%.
National Goods Trade Import and Export Total Value in US dollar terms:
From January to February 2024, the total value of goods trade import and export reached US\$9308.6 billion, an increase of 5.5%. Exports reached US\$5280.1 billion, up 7.1%, while imports reached US\$4028.5 billion, up 3.5%

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The textile and garment industry in 2023 saw internal growth but external decline.

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The output of clothing from large-scale enterprises in 2023 decreased year-on-year

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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