Overview This page contains the latest trade data of Cement. In 2020, Cement were the world's 257th most traded product, with a total trade of $12.4B. Between 2019 and 2020 the exports of Cement decreased by -3.31%, from $12.8B to $12.4B. Trade in Cement represent 0.074% of total world trade.

Cement are a part of Salt, sulphur, cement, lime, stone, & plaster. They include Portland cement, other than white cement, Cement clinkers, Portland cement, white or white artificially coloured, Hydraulic cements except portland or aluminous, and Aluminous cement.

Exports In 2020 the top exporters of Cement  were Vietnam ($1.48B), Turkey ($1.28B), United Arab Emirates ($578M), Thailand ($574M), and Germany ($528M).

Imports In 2020 the top importers of Cement were United States ($1.3B), China ($1.2B), Bangladesh ($513M), Philippines ($464M), and France ($452M).

Tariffs In 2018 the average tariff for Cement was 7.77%, making it the 559th lowest tariff using the HS4 product classification.

Ranking Cement ranks 897th in the Product Complexity Index (PCI).

Description Cement is a material that is used to bind and harden other materials, such as sand and gravel, into a hard substance. It is typically used in the construction industry, for example in the building of roads, buildings, and bridges. Cement clinkers are the end product of the cement-making process. These are cement mixed with small pieces of coal or other fuel. They are used to generate heat in a furnace.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Cement. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Vietnam, $1.48B

Top Destination (2020): United States, $1.3B

Cement are the world's 257th most traded product.

In 2020, the top exporters of Cement were Vietnam ($1.48B), Turkey ($1.28B), United Arab Emirates ($578M), Thailand ($574M), and Germany ($528M).

In 2020, the top importers of Cement were United States ($1.3B), China ($1.2B), Bangladesh ($513M), Philippines ($464M), and France ($452M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): Turkey, $257M

Top Destination Growth (2019 - 2020): China, $278M

Between 2019 and 2020, the exports of Cement grew the fastest in Turkey ($257M), Vietnam ($53.8M), Switzerland ($30.4M), Albania ($26.1M), and Indonesia ($24.9M).

Between 2019 and 2020, the fastest growing importers of Cement were China ($278M), Israel ($92.6M), Hong Kong ($49.6M), Burkina Faso ($46.9M), and Serbia ($34.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Cement.

In 2020,  market concentration measured using Shannon Entropy, was 5.43. This means that most of the exports of Cement are explained by 43 countries.

Explore Visualizations

TOP NET EXPORTER (2020): Vietnam, $1.46B

TOP NET IMPORTER (2020): United States, $1.13B

This map shows which countries export or import more of Cement. Each country is colored based on the difference in exports and imports of Cement during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Cement were Vietnam ($1.46B), Turkey ($1.27B), United Arab Emirates ($554M), Thailand ($521M), and Canada ($366M).

In 2020, the countries that had a largest trade value in imports than in exports of Cement were United States ($1.13B), China ($970M), Bangladesh ($512M), Philippines ($462M), and United Kingdom ($328M).

Disaggregation

#permalink to section
Value

In 2020, the world most traded Cement, disaggragated by their HS6 level were Portland cement, other than white cement ($6.49B), Cement clinkers ($4.09B), Portland cement, white or white artificially... ($752M), Hydraulic cements except portland or aluminous ($680M), and Aluminous cement ($382M)

Country Comparison

#permalink to section
Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cement.
It is possible to select the main countries that export or import Cement in the world, or by continent, as well as select the measure of interest.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Cement to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.