2023
Exports
$1.58BWorld Rnk 2 / 175
Flag Rnk 45 / 1173
2023
PRODUCT COMPLEXITY IN Cement
-1.48Rnk 943 / 1025
2023
Imports
$15.2MWorld Rnk 132 / 224
Flag Rnk 754 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $1.58B in Cement, making it the 2nd largest exporter of Cement in the world. At the same year, Cement was the 45th most exported product in Vietnam. The main destination of Cement exports from Vietnam are: Philippines ($456M), United States ($357M), Malaysia ($127M), Singapore ($116M), and Chinese Taipei ($92.5M).

The fastest growing export markets for Cement of Vietnam between 2022 and 2023 were Singapore ($106M), United States ($64.8M), and Malaysia ($59.6M).

Imports In 2023, Vietnam imported $15.2M in Cement, becoming the 132nd largest importer of Cement in the world. At the same year, Cement was the 754th most imported product in Vietnam. Vietnam imports Cement primarily from: Malaysia ($5.14M), United Arab Emirates ($2.49M), China ($2.38M), Indonesia ($1.95M), and Egypt ($1.41M).

The fastest growing import markets in Cement for Vietnam between 2022 and 2023 were China ($1.8M), United Arab Emirates ($1.43M), and Egypt ($1.41M).

COMPANIES In 2024, leading companies such as At Home Procurement (2), Adidas (1), and IKEA Group (1) were at the forefront of shipping Cement from Vietnam to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.58B
IMPORTS (2023)$15.2M
NET TRADE (2023)$1.57B

In 2023, Vietnam exported $1.58B in Cement. The main destinations of Vietnam exports on Cement were Philippines ($456M), United States ($357M), Malaysia ($127M), Singapore ($116M), and Chinese Taipei ($92.5M).

In 2023, Vietnam imported $15.2M in Cement, mainly from Malaysia ($5.14M), United Arab Emirates ($2.49M), China ($2.38M), Indonesia ($1.95M), and Egypt ($1.41M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Singapore$106M (977%)
United States$64.8M (22.2%)
Malaysia$59.6M (88.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Vietnam WERE (2022 - 2023):
China-$408M (-87.7%)
Bangladesh-$173M (-100%)
Chile-$19.3M (-46.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Cement were:
Turkey $1.65B
Egypt $841M
In 2023, Vietnam's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.6M
TOP IMPORT POTENTIALChina+ $1.72M

Cement’s highest export potential is China. With an export gap of $26.6M.   Cement’s highest import potential is China with an import gap of $1.72M.

See methodology.

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