Textile and apparel exports decreased month-on-month in November 2024

According to the latest data released by the General Administration of Customs on December 10, in US dollar terms, driven by factors such as the continuous efforts of China's foreign trade stabilization policies, the recovery of overseas market demand, and a low base last year, China's textile and apparel exports in November increased by 6.8% year-on-year, with textile exports up 9.5% and apparel exports up 4.3%. From January to November, textile and apparel exports accumulated a year-on-year increase of 2%.

Textile and apparel exports in RMB terms:

From January to November 2024, the cumulative export of textiles and apparel reached 1941.37 billion yuan, a 3.2% increase year-on-year. Textile exports reached 915.96 billion yuan, up 6%, while apparel exports reached 1025.41 billion yuan, up 0.9%.
In November, textile and apparel exports totaled 179.09 billion yuan, up 5.1% year-on-year but down 0.9% month-on-month. Textile exports reached 86.47 billion yuan, up 7.8% year-on-year but down 1.5% month-on-month, while apparel exports reached 92.62 billion yuan, up 2.7% year-on-year but down 0.2% month-on-month.

Textile and apparel exports in US dollar terms:

From January to November 2024, the cumulative export of textiles and apparel reached 273.06 billion US dollars, up 2%, with textile exports reaching 128.84 billion US dollars (up 4.6%) and apparel exports reaching 144.22 billion US dollars (down 0.2%).

In November, textile and apparel exports totaled 25.17 billion US dollars, up 6.8% year-on-year but down 1.2% month-on-month. Textile exports reached 12.16 billion US dollars, up 9.5% year-on-year but down 1.9% month-on-month, while apparel exports reached 13.02 billion US dollars, up 4.3% year-on-year but down 0.6% month-on-month.

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In 2023, Douyin e-commerce contributed 69% of the overall growth in the apparel category.

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China accounts for a significant share of global clothing production.

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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