HS Icon Cement Articles

6810 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.63B, Rnk 334 / 1225

Top Exporter (2018): $2.89B, China

Top Importer (2018): $2.23B, United States

Product Complexity (2018): 0.64, Rnk 314 / 1018

Export Growth (CAGR)(2017 - 2018): 25%, Rnk 231 / 1225

Mean Tariff (2018): 11%, Rnk 369 / 1259

Share of World Trade (2018): 0.052%, Rnk 334 / 1225

Overview: In 2018, Cement Articles were the world's 334th most traded product, with a total trade of $9.63B. Between 2017 and 2018 the exports of Cement Articles grew by 25%, from  $7.7B to $9.63B. Trade in Cement Articles represent 0.052% of total world trade.

Exports: In 2018 the top exporters of Cement Articles  were China ($2.89B), Germany ($1.04B), Spain ($723M), Malaysia ($359M), and Italy ($345M).

Imports: In 2018 the top importers of Cement Articles were United States ($2.23B), United Kingdom ($534M), Netherlands ($532M), France ($481M), and Germany ($467M).

Tariffs: In 2018 the average tariff for Cement Articles was 11%, been the 369 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cement Articles are Angola (50%), Bahamas (40.2%), Sudan (35%), Ethiopia (34.7%), and Vietnam (32.8%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Cement Articles ranks 314th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.89B

Top Destination (2018): United States, $2.23B

Cement Articles are the world's 334th most traded product.

In 2018, the top exporters of Cement Articles were China ($2.89B), Germany ($1.04B), Spain ($723M), Malaysia ($359M), and Italy ($345M).

In 2018, the top importers of Cement Articles were United States ($2.23B), United Kingdom ($534M), Netherlands ($532M), France ($481M), and Germany ($467M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $807M

Top Destination Growth (2017 - 2018): United States, $720M

Between 2017 and 2018, the exports of Cement Articles grew the fastest in China ($807M), Spain ($199M), Poland ($130M), Germany ($98.2M), and Belgium-Luxembourg ($82.8M).

Between 2017 and 2018, the fastest growing importers of Cement Articles were United States ($720M), Sweden ($150M), France ($132M), Singapore ($113M), and United Kingdom ($102M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Cement Articles are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $2.81B

TOP NET IMPORTER (2018): United States, $2.14B

This map shows which countries export or import more of Cement Articles. Each country is colored based on the difference in exports and imports of Cement Articles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cement Articles were China ($2.81B), Spain ($645M), Germany ($574M), Malaysia ($277M), and Poland ($248M).

In 2018, the countries that had a largest trade value in imports than in exports of Cement Articles were United States ($2.14B), United Kingdom ($443M), Singapore ($397M), France ($385M), and Australia ($373M).

Trade Forecasts

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This section shows forecasts for total trade for Cement Articles. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Cement Articles was 11%.  The countries with the highest tariffs for importing Cement Articles were Angola (50%), Bahamas (40.2%), Sudan (35%), Ethiopia (34.7%), and Vietnam (32.8%).

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Product Complexity

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Diversification Frontier

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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.