Pakistan's textile and apparel exports in April fell sharply year-on-year.


Data from the Pakistan Bureau of Statistics shows that Pakistan's textile and apparel exports in April fell by 64.5% year-on-year to US\$404 million, the lowest level in 17 years, due to order cancellations and global lockdowns caused by the pandemic.
 
  Exports have fallen significantly since a surge in cases in major export destinations, especially Europe and North America, since March 15. In addition, land exports are virtually non-existent due to the closure of borders in Iran, Afghanistan, and Pakistan.
 
  Details show that in April, Pakistan's ready-made garment exports fell by 73.44% in value and 78.94% in volume, while knitwear exports fell by 61.75% in value and 48.31% in volume, bed linen exports fell by 57.54% in value and 57.37% in volume. Towel exports fell by 74.07% in value and 72.78% in volume, while cotton cloth exports fell by 69.73% and 78.06% respectively.
 
  Currently, Pakistani exporters are resuming production and seeking provincial and federal government permits to allow workers into factories, and exports may partially recover in May.
 
  In April, Pakistan's cotton yarn exports fell by 63.29%, yarn other than cotton yarn fell by 70.19%, cosmetics excluding towels fell by 63.56%, and raw cotton fell by 100%. Exports of tents, canvas and waterproof fabrics increased by 32.39%.
 
  Between July and April of fiscal year 2020, Pakistan's textile and apparel exports fell from US\$11.127 billion in the same period last year to US\$10.816 billion. Leather exports also fell by 70.53%, mainly due to lower sales of leather garments, gloves and other products. In contrast, carpet and rug exports in April fell by 92.72% in value and 92.04% in volume compared to the same period last year.

  

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 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.


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.