HS Icon Cement

2523 (Harmonized System 1992 for 4-digit)

World Trade (2018): $11.7B, Rnk 292 / 1225

Top Exporter (2018): $982M, Vietnam

Top Importer (2018): $1.23B, United States

Product Complexity (2018): -1.28, Rnk 894 / 1018

Export Growth (CAGR)(2017 - 2018): 28.4%, Rnk 188 / 1225

Mean Tariff (2018): 7.85%, Rnk 555 / 1259

Share of World Trade (2018): 0.064%, Rnk 292 / 1225

Overview:  This page contains the latest trade data of Cement. In 2018, Cement were the world's 292nd most traded product, with a total trade of $11.7B. Between 2017 and 2018 the exports of Cement grew by 28.4%, from  $9.11B to $11.7B. Trade in Cement represent 0.064% of total world trade.

Exports: In 2018 the top exporters of Cement  were Vietnam ($982M), Turkey ($667M), Thailand ($653M), Germany ($568M), and China ($552M).

Imports: In 2018 the top importers of Cement were United States ($1.23B), China ($564M), France ($463M), Philippines ($457M), and Bangladesh ($371M).

Tariffs: In 2018 the average tariff for Cement was 7.85%, been the 555 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cement are Cyprus (40%), Lebanon (38.2%), Sudan (28.4%), Vietnam (28.4%), and Uzbekistan (23.9%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Indonesia (0%).

Ranking: Cement ranks 894th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Vietnam, $982M

Top Destination (2018): United States, $1.23B

Cement are the world's 292nd most traded product.

In 2018, the top exporters of Cement were Vietnam ($982M), Turkey ($667M), Thailand ($653M), Germany ($568M), and China ($552M).

In 2018, the top importers of Cement were United States ($1.23B), China ($564M), France ($463M), Philippines ($457M), and Bangladesh ($371M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $603M

Top Destination Growth (2017 - 2018): China, $519M

Between 2017 and 2018, the exports of Cement grew the fastest in Vietnam ($603M), Thailand ($435M), Saudi Arabia ($165M), Croatia ($163M), and United Arab Emirates ($135M).

Between 2017 and 2018, the fastest growing importers of Cement were China ($519M), Bangladesh ($294M), United States ($220M), Uzbekistan ($147M), and Palestine ($139M).

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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.

In 2018,  market concentration measured using Shannon Entropy, was 5.56. This means that most of the exports of Cement are explained by 47 countries.

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TOP NET EXPORTER (2018): Vietnam, $958M

TOP NET IMPORTER (2018): United States, $1.06B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cement were Vietnam ($958M), Turkey ($660M), Thailand ($593M), United Arab Emirates ($489M), and Spain ($406M).

In 2018, the countries that had a largest trade value in imports than in exports of Cement were United States ($1.06B), Philippines ($454M), Bangladesh ($362M), United Kingdom ($275M), and Netherlands ($260M).

Trade Forecasts

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This section shows forecasts for total trade for Cement. 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 was 7.85%.  The countries with the highest tariffs for importing Cement were Cyprus (40%), Lebanon (38.2%), Sudan (28.4%), Vietnam (28.4%), and Uzbekistan (23.9%).

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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.