HS Icon Cement

2523 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $12.1B, Rnk 282 / 1217

2019
Top Exporter | Top Importer
: $1.39B | $1.27B, Vietnam | United States

2019
Product Complexity
: -1.44, Rnk 878 / 961

2018 - 2019
Export Growth (CAGR)
: -2.53%, Rnk 584 / 1217

2018
Mean Tariff
: 7.85%, Rnk 555 / 1259

 2019
Share of World Trade
: 0.067%, Rnk 282 / 1217

Overview:  This page contains the latest trade data of Cement. In 2019, Cement were the world's 282nd most traded product, with a total trade of $12.1B. Between 2018 and 2019 the exports of Cement decreased by -2.53%, from  $12.5B to $12.1B. Trade in Cement represent 0.067% of total world trade.

Exports: In 2019 the top exporters of Cement  were Vietnam ($1.39B), Turkey ($993M), Thailand ($704M), Germany ($558M), and Canada ($534M).

Imports: In 2019 the top importers of Cement were United States ($1.27B), China ($918M), Bangladesh ($641M), Philippines ($512M), and France ($480M).

Tariffs: In 2018 the average tariff for Cement was 7.85%, making it the 555th 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 878th 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): Vietnam, $1.39B

Top Destination (2019): United States, $1.27B

Cement are the world's 282nd most traded product.

In 2019, the top exporters of Cement were Vietnam ($1.39B), Turkey ($993M), Thailand ($704M), Germany ($558M), and Canada ($534M).

In 2019, the top importers of Cement were United States ($1.27B), China ($918M), Bangladesh ($641M), Philippines ($512M), and France ($480M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $325M

Top Destination Growth (2018 - 2019): China, $415M

Between 2018 and 2019, the exports of Cement grew the fastest in Turkey ($325M), Vietnam ($150M), Saudi Arabia ($93.7M), South Korea ($73.4M), and Zambia ($56.5M).

Between 2018 and 2019, the fastest growing importers of Cement were China ($415M), Libya ($80.9M), Trinidad and Tobago ($59.5M), Cambodia ($59.4M), and United States ($43.4M).

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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 2019,  market concentration measured using Shannon Entropy, was 5.46. This means that most of the exports of Cement are explained by 43 countries.

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TOP NET EXPORTER (2019): Vietnam, $1.37B

TOP NET IMPORTER (2019): United States, $1.11B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cement were Vietnam ($1.37B), Turkey ($986M), Thailand ($640M), United Arab Emirates ($504M), and Canada ($404M).

In 2019, the countries that had a largest trade value in imports than in exports of Cement were United States ($1.11B), Bangladesh ($632M), China ($548M), Philippines ($510M), and United Kingdom ($306M).

Disaggregation

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Value

In 2019, the world most traded Cement, disaggragated by their HS6 level were Portland cement, other than white cement ($6.34B), Cement clinkers ($4.01B), Portland cement, white or white artificially... ($757M), Hydraulic cements except portland or aluminous ($645M), and Aluminous cement ($390M)

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.