China's exports of knitted and woven garments fell sharply in March 2024

From January to March, textile exports totaled US\$32.09 billion, a 2.5% year-on-year increase; clothing exports reached US\$33.82 billion, a 1.1% year-on-year increase. Among the four major categories, yarn exports decreased by 6%, fabric exports increased by 3.7%; home textiles and knitted and woven clothing exports increased by 3.1% and 1.3%, respectively. In terms of export volume, yarn exports decreased by 1.8%, while fabrics, home textiles, and knitted and woven clothing increased by 10%, 22%, and 12.6%, respectively. In terms of export prices, all four major categories decreased, with home textiles experiencing the largest drop at 15.5%, while yarn, fabrics, and knitted and woven clothing decreased by 4.3%, 5.8%, and 10%, respectively.
In March, textile and clothing exports declined. Among the four major categories, only home textile exports increased by 3.5%, while yarn, fabric, and knitted and woven clothing exports decreased by 5.4%, 17.4%, and 10.1%, respectively. Due to the slower-than-expected recovery in major markets, the unit prices of the four major categories all fell, with drops of 5.6%, 5.7%, 15%, and 8.1%, respectively. Affected by the weakening export volume and unit prices, the export value of the four major categories all showed double-digit declines this month. Specifically, yarn exports totaled US\$1.18 billion, down 10.7%; fabric exports reached US\$4.55 billion, down 22.2%; home textile exports totaled US\$1.53 billion, down 12.1%; and knitted and woven clothing exports reached US\$9.13 billion, down 17.3%.

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China's exports of yarn and fabrics in March 2024 saw a significant year-on-year decrease.

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Dyeing and printing cloth production increased in the first quarter of 2024

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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