2022
Exports
$214MWorld Rnk 2 / 147
Flag Rnk 16 / 1074
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$284kWorld Rnk 104 / 211
Flag Rnk 874 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $214M in Cinnamon, making it the 2nd largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 16th most exported product in Sri Lanka. The main destination of Cinnamon exports from Sri Lanka are: Mexico ($80M), United States ($41.1M), Peru ($25.6M), Ecuador ($9.85M), and Colombia ($9.23M).

The fastest growing export markets for Cinnamon of Sri Lanka between 2021 and 2022 were Mexico ($33.1M), Peru ($7.93M), and United States ($5.83M).

Imports In 2022, Sri Lanka imported $284k in Cinnamon, becoming the 104th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 874th most imported product in Sri Lanka. Sri Lanka imports Cinnamon primarily from: Colombia ($131k), France ($85.5k), United States ($31.2k), Turkey ($25k), and Canada ($8.6k).

The fastest growing import markets in Cinnamon for Sri Lanka between 2021 and 2022 were France ($85.5k), United States ($31.2k), and Canada ($8.57k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (7) were at the forefront of shipping Cinnamon from Sri Lanka to the United States.

Latest Trends

Sep 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 (2022)$214M
IMPORTS (2022)$284k
NET TRADE (2022)$214M

In 2022, Sri Lanka exported $214M in Cinnamon. The main destinations of Sri Lanka exports on Cinnamon were Mexico ($80M), United States ($41.1M), Peru ($25.6M), Ecuador ($9.85M), and Colombia ($9.23M).

In 2022, Sri Lanka imported $284k in Cinnamon, mainly from Colombia ($131k), France ($85.5k), United States ($31.2k), Turkey ($25k), and Canada ($8.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Mexico$33.1M (70.7%)
Peru$7.93M (44.9%)
United States$5.83M (16.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Sri Lanka WERE (2021 - 2022):
Bolivia-$4.1M (-61.9%)
Colombia-$3.01M (-24.6%)
Spain-$1.52M (-31.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Cinnamon were:
In 2022, 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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