HS Icon Cinnamon

0906 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $748M, Rnk 962 / 1217

2019
Top Exporter | Top Importer
: $175M | $124M, Vietnam | United States

2018 - 2019
Export Growth (CAGR)
: 4.8%, Rnk 168 / 1217

2018
Mean Tariff
: 9.9%, Rnk 434 / 1259

 2019
Share of World Trade
: 0.0041%, Rnk 962 / 1217

Overview:  This page contains the latest trade data of Cinnamon. In 2019, Cinnamon were the world's 962nd most traded product, with a total trade of $748M. Between 2018 and 2019 the exports of Cinnamon grew by 4.8%, from  $714M to $748M. Trade in Cinnamon represent 0.0041% of total world trade.

Exports: In 2019 the top exporters of Cinnamon  were Vietnam ($175M), Sri Lanka ($163M), China ($156M), Indonesia ($149M), and Netherlands ($16.8M).

Imports: In 2019 the top importers of Cinnamon were United States ($124M), India ($91.1M), Mexico ($71.9M), Vietnam ($42M), and Bangladesh ($37.7M).

Tariffs: In 2018 the average tariff for Cinnamon was 9.9%, making it the 434th 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%).

Exporters and Importers

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Trade By Country

Top Origin (2019): Vietnam, $175M

Top Destination (2019): United States, $124M

Cinnamon are the world's 962nd most traded product.

In 2019, the top exporters of Cinnamon were Vietnam ($175M), Sri Lanka ($163M), China ($156M), Indonesia ($149M), and Netherlands ($16.8M).

In 2019, the top importers of Cinnamon were United States ($124M), India ($91.1M), Mexico ($71.9M), Vietnam ($42M), and Bangladesh ($37.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $38.8M

Top Destination Growth (2018 - 2019): United States, $16M

Between 2018 and 2019, the exports of Cinnamon grew the fastest in Vietnam ($38.8M), China ($26.5M), Indonesia ($4.49M), United Arab Emirates ($2.74M), and India ($625k).

Between 2018 and 2019, the fastest growing importers of Cinnamon were United States ($16M), Bangladesh ($13.5M), India ($13.3M), United Arab Emirates ($6.33M), and Indonesia ($6.31M).

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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 2019,  market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Cinnamon are explained by 7 countries.

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TOP NET EXPORTER (2019): Sri Lanka, $163M

TOP NET IMPORTER (2019): United States, $113M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cinnamon were Sri Lanka ($163M), China ($154M), Indonesia ($138M), Vietnam ($133M), and Madagascar ($7.11M).

In 2019, the countries that had a largest trade value in imports than in exports of Cinnamon were United States ($113M), India ($83M), Mexico ($71.6M), Bangladesh ($37.7M), and Peru ($15.3M).

Disaggregation

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Value

In 2019, the world most traded Cinnamon, disaggragated by their HS6 level were Cinnamon and cinnamon-tree flowers whole ($571M) and Cinnamon and cinnamon-tree flowers crushed or... ($178M)

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.