China exported US$940m worth of 22.64Mt cement in the first ten months of 2008, dropping 5.5% and 22.1% YoY, respectively, according to the General Administration of Customs of China.
There were several reasons for the cement export decline. The first one was that there was a recession in the US and European Union real estate industries amid the global financial crisis, and China reached a cement export decline of 89.6% and 99.7% with them over a year earlier.
The second reason was that the nation imposed limits on its cement export via macro-control policies, and the last one was that there was a slowdown in its cement output growth. For instance, the nation took a cement output growth decline of 8.1% in the first ten months, which has hit the lowest level since 2000.