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Vietnam’s clinker and cement exports soar in October, but year-to-date figures decline

Vietnam’s exports of clinker and cement experienced a significant surge in October 2024, with export volumes reaching 2.73 million tonnes, valued at US$107.32 million. This marks a 35.4 percent increase in volume and an impressive 43.2 percent rise in value compared to September, when 2.02 million tonnes were exported, earning US$74.94 million, according to Vietnam’s General Department of Customs

Despite the strong performance in October, year-to-date figures reveal a decline. From January to October, Vietnam exported 25.21 million tonnes of clinker and cement valued at US$967.97 million. This represents a 3.9 percent drop in volume and a 14.1 percent decrease in value compared to the same period in 2023.

The October growth indicates a potential recovery for the sector, but the year-to-date declines suggest persistent challenges, such as fluctuating global demand and competitive pricing pressures. Sustained efforts will be needed to stabilise and improve export performance in the coming months.

See also: Construction Industry in Vietnam

Vietnam’s clinker and cement exports, October vs. September 2024

October September Change YTD
Total 107,318,270 74,940,538 43.20% 967,972,011
Angola 0 0 0.00% 1,521,188
Australia 3,552,446 1,501,236 136.63% 22,231,212
Bangladesh 9,959,700 13,795,897 -27.81% 156,734,995
Cambodia 326,737 425,402 -23.19% 3,560,524
Chile 1,559,280 0 0.00% 9,405,040
China 0 0 0.00% 1,572,297
Indonesia 0 0 0.00% 23,000
Laos 359,362 188,787 90.35% 2,237,853
Malaysia 7,632,340 3,633,352 110.06% 45,644,492
Peru 1,651,853 1,906,469 -13.36% 13,848,537
Philippines 32,874,767 18,377,654 78.88% 265,608,377
Taiwan 4,068,470 4,341,298 -6.28% 44,025,324
Other 45,333,315 30,770,443 47.33% 401,559,172