Vietnam's cement exports more than double in both volume and value

16:23 | 06/03/2018 Trade

Vietnam's cement and clinker exports increased sharply in the first month of 2018, at over 100 percent in both volume and value, according to the General Department of Vietnam Customs.

The export of cement and clinker increased sharply in the first month of 2018

Accordingly, the export of cement and clinker increased by 121 pct in volume and 112 pct in value over the same period last year, reaching 2.9 million tonnes, equivalent to US$101.12 million.

However, cement and clinker prices in January decreased 4.6 pct compared with December 2017, at an average of US$34.8 per tonne.

Among the 12 major export markets for Vietnamese clinker and cement, exports to Bangladesh were the highest, accounting for 31.3 pct of the total, with over 909,109 tonnes.

Cement and clinker exports in the first month of this year increased in most markets compared to the same period in 2017

The Philippines was the second largest consumer market for Vietnamese clinker and cement, accounting for 20 pct of the country's total exports, valued at US$26.06 million. China was in third, with 758,555 tonnes worth US$23.96 million last month, despite Vietnam not exporting cement to its neighboring market in January 2018.

In general, cement and clinker exports in the first month of this year increased in most markets compared to the same period in 2017, of which exports to Taiwan (China) saw the highest increase, up 545.6 pct in volume to reach 161,407 tonnes worth US$4.88 million.

Other markets also witnessed sharp increases, including Malaysia up 109.3 pct in volume and 91.4 pct in turnover, at 65,292 tonnes and US$2.03 million, respectively; and the Philippines increased by 114, 9 pct in volume and 85.4 pct in turnover.

Theo VNA