Vietnam's clothing exports surge
From January to October, China's exports to countries participating in the Belt and Road Initiative totaled US\$549.7 billion, a year-on-year decrease of 4.7%; accounting for 41.8%, a decrease of 1.8 percentage points. Exports to ASEAN totaled US\$121 billion, a year-on-year decrease of 1.5%; accounting for 9.3%, a decrease of 0.1 percentage points, including exports to Malaysia, Vietnam, the Philippines, and Myanmar which decreased by 4.2%, 19.2%, 10.7%, and 20.6% respectively. Exports to Singapore, Thailand, Indonesia, and Cambodia increased by 7.5%, 48.1%, 11.2%, and 32% respectively. Exports to the five Central Asian countries showed a slowdown in growth and began to decline. Exports totaled US\$107.7 billion, a year-on-year decrease of 0.7% (a 15.3% decrease in October alone). Exports to Russia totaled US\$32 billion, a year-on-year decrease of 9.7%. Exports to Latin America totaled US\$79.8 billion, a year-on-year increase of 8.1% (including a 19.8% and 14.2% increase in exports to Mexico and Brazil respectively). Exports to Africa totaled US\$58.9 billion, a year-on-year decrease of 18.2%. Exports to the six GCC countries totaled US\$37.3 billion, a year-on-year decrease of 15.7%.
From January to September, Vietnam's garment exports totaled US\$256.1 billion, a year-on-year increase of 9%; India's garment exports totaled US\$125.3 billion, a year-on-year increase of 5.3%; Turkey's garment exports totaled US\$135 billion, a year-on-year decrease of 6.4%; Indonesia's garment exports totaled US\$65.5 billion, a year-on-year increase of 1.6%.
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.
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.
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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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