Clothing exports in March 2023 decreased year-on-year but increased month-on-month.

According to the latest data released by the General Administration of Customs on April 12, in US dollar terms, due to factors such as international shipping and logistics bottlenecks, increased trade friction and tariff barriers, slower-than-expected economic recovery of major trading partners, a lack of large-scale rebound in demand, and a high base effect in March of the previous year, textile and apparel exports in March did not continue the growth seen in January and February, with exports falling by 17.4% year-on-year. Cumulative exports of textile and apparel in the first quarter reached US$65.91 billion, up 2% year-on-year, showing a weak recovery trend. Of this, textile exports totaled US$32.09 billion, up 2.6% year-on-year, while apparel exports reached US$33.82 billion, up 1.4% year-on-year.
Textile and apparel exports in RMB terms:
From January to March 2024, cumulative textile and apparel exports totaled 468.39 billion RMB, up 5.4% year-on-year. Textile exports reached 228.09 billion RMB, up 6.1%, and apparel exports reached 240.3 billion RMB, up 4.8%.
In March, textile and apparel exports reached 147.89 billion RMB, down 14.9% year-on-year but up 15.7% month-on-month. Textile exports were 73.77 billion RMB, down 14.4% year-on-year and up 22.9% month-on-month, while apparel exports were 74.12 billion RMB, down 15.4% year-on-year and up 9.3% month-on-month.
Textile and apparel exports in US dollar terms:
From January to March 2024, cumulative textile and apparel exports totaled US$65.91 billion, up 2.0%. Textile exports reached US$32.09 billion, up 2.6%, and apparel exports reached US$33.82 billion, up 1.4%.
In March, textile and apparel exports reached US$20.82 billion, down 17.4% year-on-year but up 17.2% month-on-month. Textile exports were US$10.38 billion, down 16.9% year-on-year and up 24.5% month-on-month, while apparel exports were US$10.43 billion, down 17.9% year-on-year and up 10.7% month-on-month.

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US textile and apparel imports in January-February 2024 decreased year-on-year

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International Textile Manufacturers Federation's latest survey: Global textile industry demand remains weak

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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