Year-on-year growth of China's textile and apparel exports from January to October 2024

According to the latest data released by the General Administration of Customs on November 7, calculated in US dollars, China's textile and apparel exports in October increased by 11.9% year-on-year, driven by factors such as easing global inflation, a Fed rate cut, a rebound in the US and European markets, and a low base in the previous year. Textile exports grew by 16.1%, and apparel exports grew by 8.1%.

Textile and apparel exports in RMB:

From January to October 2024, the cumulative export of textiles and apparel reached 1762.27 billion yuan, an increase of 3% year-on-year (same as below). Textile exports reached 829.52 billion yuan, a 5.8% increase, while apparel exports reached 932.75 billion yuan, a 0.7% increase.
In October, textile and apparel exports reached 180.65 billion yuan, a year-on-year increase of 8.5% and a month-on-month increase of 2.3%. Textile exports reached 87.83 billion yuan, a year-on-year increase of 12.6% and a month-on-month increase of 9.5%, while apparel exports reached 92.82 billion yuan, a year-on-year increase of 4.9% and a month-on-month decrease of 3.8%.

Textile and apparel exports in US dollars:

From January to October 2024, the cumulative export of textiles and apparel reached US$247.89 billion, an increase of 1.5%. Textile exports reached US$116.69 billion, an increase of 4.1%, while apparel exports reached US$131.2 billion, a decrease of 0.7%.

In October, textile and apparel exports reached US$25.48 billion, a year-on-year increase of 11.9% and a month-on-month increase of 2.8%. Textile exports reached US$12.39 billion, a year-on-year increase of 16.1% and a month-on-month increase of 10.1%, while apparel exports reached US$13.09 billion, a year-on-year increase of 8.1% and a month-on-month decrease of 3.2%

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China's cotton yarn exports surged from January to September 2024

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Year-on-year growth of Chinese home textile exports from January to September 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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