In 2024, China's clothing exports showed an increase in volume but a decrease in price.

According to Chinese customs statistics, from January to December 2024, China's cumulative apparel exports totaled US$1591.5 billion, a year-on-year increase of 0.4%; cumulative apparel imports totaled US$104.4 billion, a year-on-year increase of 4.7%; and the trade surplus reached US$1487.1 billion, a year-on-year increase of 0.1%.
In 2024, major export categories showed a trend of "increased volume, decreased price". The export volume of both woven and knitted garments maintained double-digit growth, but export prices dropped significantly. The main reasons for the decline in export prices are: on the one hand, weak consumer demand in international markets led to increased price sensitivity and a preference for low-priced goods; on the other hand, the significant increase in the proportion of cross-border e-commerce products with lower unit prices pulled down the overall export price.
Knitted garment exports reached US$730.6 billion, a year-on-year increase of 4%; export volume reached 23.5 billion pieces, a year-on-year increase of 12.5%; and export prices decreased by 7.6% year-on-year. Woven garment exports reached US$651.9 billion, a year-on-year decrease of 3.3%; export volume reached 14.01 billion pieces, a year-on-year increase of 13.8%; and export prices decreased by 15% year-on-year. Apparel accessories exports reached US$156.9 billion, a decrease of 1.3%.
From January to December, exports of shirts and underwear maintained relatively rapid growth, with knitted T-shirts showing a significant increase of 21.2%. Exports of shirts, underwear/sleepwear, bras, and infant clothing increased by 11.1%, 8.9%, 3.5%, and 7.9%, respectively. Exports of outerwear showed a significant decline. Exports of coats/winter clothing and suits/casual suits decreased by 15.8% and 10.3%, respectively.

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China's clothing exports to emerging markets decreased year-on-year in 2024

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2024 year-on-year growth in imported home textile products from Europe and America

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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