2023
Exports
$149MWorld Rnk 3 / 146
Flag Rnk 21 / 1073
2023
PRODUCT COMPLEXITY IN Cinnamon
-1.81Rnk 982 / 1025
2023
Imports
$435kWorld Rnk 92 / 212
Flag Rnk 794 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $149M in Cinnamon, making it the 3rd largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 21st most exported product in Sri Lanka. The main destination of Cinnamon exports from Sri Lanka are: Mexico ($44.8M), United States ($25.1M), Peru ($20.7M), Guatemala ($7.71M), and Ecuador ($7.26M).

The fastest growing export markets for Cinnamon of Sri Lanka between 2022 and 2023 were Mexico ($11.4M), Nicaragua ($1.05M), and Spain ($757k).

Imports In 2023, Sri Lanka imported $435k in Cinnamon, becoming the 92nd largest importer of Cinnamon in the world. At the same year, Cinnamon was the 794th most imported product in Sri Lanka. Sri Lanka imports Cinnamon primarily from: Spain ($113k), United States ($108k), Poland ($94.3k), France ($91k), and India ($27.2k).

The fastest growing import markets in Cinnamon for Sri Lanka between 2022 and 2023 were Spain ($113k), United States ($106k), and Poland ($94.3k).

COMPANIES In 2024, leading companies such as Givaudan Fragrances (9) were at the forefront of shipping Cinnamon from Sri Lanka to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cinnamon. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$149M
IMPORTS (2023)$435k
NET TRADE (2023)$148M

In 2023, Sri Lanka exported $149M in Cinnamon. The main destinations of Sri Lanka exports on Cinnamon were Mexico ($44.8M), United States ($25.1M), Peru ($20.7M), Guatemala ($7.71M), and Ecuador ($7.26M).

In 2023, Sri Lanka imported $435k in Cinnamon, mainly from Spain ($113k), United States ($108k), Poland ($94.3k), France ($91k), and India ($27.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Mexico$11.4M (34%)
Nicaragua$1.05M (77.9%)
Spain$757k (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Sri Lanka WERE (2022 - 2023):
United States-$15.2M (-37.7%)
Colombia-$3.41M (-38.6%)
Ecuador-$1.86M (-20.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Cinnamon were:
In 2023, Sri Lanka's main importing competitors in Cinnamon were:

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.61M
TOP IMPORT POTENTIALUnited States+ $8.43k

Cinnamon’s highest export potential is India. With an export gap of $2.61M.   Cinnamon’s highest import potential is United States with an import gap of $8.43k.

See methodology.

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