This is the second year Vietnam exported such a record-high volume, listing itself a leading cement exporter.
Vietnam is estimated to have exported 34 million tons (Mt) of cement and clinker in 2019, up 6.25% from a year earlier, according to the Department of Import-Export under the Ministry of Industry and Trade (MOIT).
The volume is worth US$1.39 billion, marking an increase of 11.2% on year.
|A cement production line in Vietnam|
This is the second year Vietnam posted such record-high cement exports.
The exports have surpassed the Ministry of Construction (MOC)’s estimated figure at the beginning of 2019 by US$100 million-US$150 million.
In 2019, Vietnam is estimated to have sold 98-99 Mt of cement and clinker, up 2% on year, including 67 Mt for domestic sales.
In 2020, Vietnam’s sales of cement and clinker are expected to rise 4-5% to 101-103 Mt, including 69-70 Mt for domestic sales and 32-34 Mt for exports.
In terms of capacity, the country will have two more cement production lines to raise the total to 86 with a combined installed capacity of 106Mt/year in 2020, according to the MOC.