Vietnam's textile and garment exports increased month-on-month in August 2024

Vietnam's cotton imports in August increased year-on-year and month-on-month. Statistics show that Vietnam's cotton imports in August 2024 reached 131,400 tons, a 7.8% increase year-on-year and an 18.8% increase month-on-month. By country, the main sources of cotton imports in August were Australian cotton, American cotton, and Brazilian cotton, accounting for 33.17%, 23.44%, and 21.96%, respectively.
In August 2024, Vietnam imported 114,300 tons of yarn, a 35.2% increase year-on-year and a 7.3% increase month-on-month. By country, the main importing country was still China, accounting for 70.68%.
In August 2024, Vietnam exported 163,200 tons of yarn, a 6.3% decrease year-on-year and a 2% increase month-on-month. The main export destination was still China.
In August 2024, net yarn exports reached 48,900 tons, a 45.5% decrease year-on-year and an 8.6% decrease month-on-month.
In August 2024, imports of grey fabrics and woven fabrics amounted to US$1.239 billion, a 14.3% increase year-on-year and a 3.6% increase month-on-month.
In August 2024, Vietnam exported US$4.055 billion worth of textiles and garments, a 17.6% increase year-on-year and a 9.1% increase month-on-month.
 

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Textile and apparel exports saw a slight increase from January to August 2024

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General Administration of Customs: China's total import and export of goods increased by 6% in the first eight months

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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