Cement exports in the first seven months of the year registered impressive growth, with 17.65 million tonnes sold for 656.3 million USD, year-on-year increases of 63.2 percent in volume and 73.4 percent in value.
Cement exports in the first seven months of the year registered impressive growth. (Photo: VNA)
Hanoi (VNA) – Cement exports in the first seven months of the yearregistered impressive growth, with 17.65 million tonnes sold for 656.3 millionUSD, year-on-year increases of 63.2 percent in volume and 73.4 percent invalue.
According to the General Department of Customs, export prices of cement andclinker grew 6.3 percent to reach an average 37.2 USD per tonne.
Bangladesh was the largest consumer of Vietnamese cement and clinker, spending 152.8million USD on 4.75 million tonnes of the building materials, accounting for23.3 percent and 26.9 percent in Vietnam’s total cement export quantity andvalue, respectively.
Notably, export revenue earned from China was 90 times higher than that gainedin the same period last year, with 158.35 million USD. The market consumed 4.52million tonnes of Vietnamese cement and clinker, an 80-fold increase, becomingthe second largest purchaser of the goods.
The Philippines was the third biggest Vietnamese cement buyer at 3.49 milliontonnes.
Meanwhile, strong growth in cement exports was seen in Malaysia (87.9 percent),Peru (74.7 percent) and China’s Taiwan (11.9 percent).-VNA
Local cement producers worry that their exported products could struggle to compete with foreign firms in term of price, a concern voiced at an online forum held in Hanoi on February 22.
The imposition of 5 percent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.
The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
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Cement exports in the first seven months of the year registered impressive growth. (Photo: VNA) 
