2022
Exports
$268MWorld Rnk 1 / 147
Flag Rnk 186 / 1176
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$52.5MWorld Rnk 4 / 211
Flag Rnk 539 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $268M in Cinnamon, making it the 1st largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 186th most exported product in Vietnam. The main destination of Cinnamon exports from Vietnam are: India ($97M), United States ($52M), Bangladesh ($12.5M), Indonesia ($8M), and South Korea ($7.88M).

The fastest growing export markets for Cinnamon of Vietnam between 2021 and 2022 were India ($5.61M), Brazil ($1.65M), and South Korea ($1.56M).

Imports In 2022, Vietnam imported $52.5M in Cinnamon, becoming the 4th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 539th most imported product in Vietnam. Vietnam imports Cinnamon primarily from: China ($43.1M), Indonesia ($7.25M), Sri Lanka ($483k), United Arab Emirates ($339k), and United States ($334k).

The fastest growing import markets in Cinnamon for Vietnam between 2021 and 2022 were China ($1.88M), United Arab Emirates ($339k), and United States ($295k).

COMPANIES In 2023, leading companies such as Home Depot (8), Walmart (2), and Amazon (1) were at the forefront of shipping Cinnamon from Vietnam to the United States.

Latest Trends

Oct 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)$268M
IMPORTS (2022)$52.5M
NET TRADE (2022)$216M

In 2022, Vietnam exported $268M in Cinnamon. The main destinations of Vietnam exports on Cinnamon were India ($97M), United States ($52M), Bangladesh ($12.5M), Indonesia ($8M), and South Korea ($7.88M).

In 2022, Vietnam imported $52.5M in Cinnamon, mainly from China ($43.1M), Indonesia ($7.25M), Sri Lanka ($483k), United Arab Emirates ($339k), and United States ($334k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$5.61M (6.14%)
Brazil$1.65M (29.9%)
South Korea$1.56M (24.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Vietnam WERE (2021 - 2022):
Indonesia-$10.4M (-56.6%)
United States-$1.35M (-2.54%)
Turkey-$1.27M (-43.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cinnamon were:
In 2022, Vietnam'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 POTENTIALChina+ $2.07M
TOP IMPORT POTENTIALIndonesia+ $2.3M

Cinnamon’s highest export potential is China. With an export gap of $2.07M.   Cinnamon’s highest import potential is Indonesia with an import gap of $2.3M.

See methodology.

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