HS Icon Cinnamon

0906 (Harmonized System 1992 for 4-digit)

World Trade (2018): $685M, Rnk 982 / 1225

Top Exporter (2018): $184M, Sri Lanka

Top Importer (2018): $106M, United States

Product Complexity (2018): -1.17, Rnk 865 / 1018

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 632 / 1225

Mean Tariff (2018): 9.9%, Rnk 434 / 1259

Share of World Trade (2018): 0.0037%, Rnk 982 / 1225

Overview: In 2018, Cinnamon were the world's 982nd most traded product, with a total trade of $685M. Between 2017 and 2018 the exports of Cinnamon grew by 12.7%, from  $608M to $685M. Trade in Cinnamon represent 0.0037% of total world trade.

Exports: In 2018 the top exporters of Cinnamon  were Sri Lanka ($184M), Indonesia ($143M), China ($134M), Vietnam ($116M), and Netherlands ($17.7M).

Imports: In 2018 the top importers of Cinnamon were United States ($106M), Mexico ($92.7M), India ($76.1M), Vietnam ($43.2M), and Netherlands ($22.3M).

Tariffs: In 2018 the average tariff for Cinnamon was 9.9%, been the 434 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cinnamon are Cyprus (42%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37.2%), and Belize (36.8%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Cinnamon ranks 865th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sri Lanka, $184M

Top Destination (2018): United States, $106M

Cinnamon are the world's 982nd most traded product.

In 2018, the top exporters of Cinnamon were Sri Lanka ($184M), Indonesia ($143M), China ($134M), Vietnam ($116M), and Netherlands ($17.7M).

In 2018, the top importers of Cinnamon were United States ($106M), Mexico ($92.7M), India ($76.1M), Vietnam ($43.2M), and Netherlands ($22.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $35.3M

Top Destination Growth (2017 - 2018): Vietnam, $24.9M

Between 2017 and 2018, the exports of Cinnamon grew the fastest in Vietnam ($35.3M), China ($27.2M), United Arab Emirates ($6.68M), Netherlands ($6.55M), and United States ($4.38M).

Between 2017 and 2018, the fastest growing importers of Cinnamon were Vietnam ($24.9M), India ($15.8M), Canada ($8.36M), Bangladesh ($4.55M), and Peru ($4.46M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Cinnamon.

In 2018,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Cinnamon are explained by 7 countries.

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TOP NET EXPORTER (2018): Sri Lanka, $183M

TOP NET IMPORTER (2018): United States, $93.9M

This map shows which countries export or import more of Cinnamon. Each country is colored based on the difference in exports and imports of Cinnamon during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cinnamon were Sri Lanka ($183M), Indonesia ($139M), China ($132M), Vietnam ($72.8M), and Madagascar ($8.95M).

In 2018, the countries that had a largest trade value in imports than in exports of Cinnamon were United States ($93.9M), Mexico ($91.4M), India ($68.6M), Peru ($21M), and Bangladesh ($15.9M).

Trade Forecasts

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This section shows forecasts for total trade for Cinnamon. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Cinnamon was 9.9%.  The countries with the highest tariffs for importing Cinnamon were Cyprus (42%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37.2%), and Belize (36.8%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.