Cement2523 (Harmonized System 1992 for 4-digit)
2020 World Trade: $12.4B, Rnk 257 / 1217
2020 Top Exporter | Top Importer: $1.48B | $1.3B, Vietnam | United States
2020 Product Complexity: -1.27, Rnk 897 / 1028
2019 - 2020 Export Growth (CAGR): -3.31%, Rnk 456 / 1217
2018 Mean Tariff: 7.77%, Rnk 559 / 1259
2020 Share of World Trade: 0.074%, Rnk 257 / 1217
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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