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2022
Exports $54kWorld Rnk 78 / 147
Flag Rnk 611 / 1017
2022
Destination $11k Spain
2021 - 2022
FASTEST GROWING MARKET $11kUnited States
2022
PRODUCT COMPLEXITY IN Cinnamon-1.8Rnk 982 / 1025
2022
Imports $10MWorld Rnk 20 / 211
Flag Rnk 370 / 1175
2022
Origin $1.11M Sri Lanka
2021 - 2022
FASTEST GROWING ORIGIN $1.11MSri Lanka
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $54k in Cinnamon, making it the 78th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 611th most exported product in Ecuador. The main destination of Cinnamon exports from Ecuador are: Spain ($37.5k), United States ($16.5k), Czechia ($30), Netherlands ($24), and Panama ($4).

The fastest growing export markets for Cinnamon of Ecuador between 2021 and 2022 were United States ($11k), Czechia ($30), and Cyprus ($1).

Imports In 2022, Ecuador imported $10M in Cinnamon, becoming the 20th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 370th most imported product in Ecuador. Ecuador imports Cinnamon primarily from: Sri Lanka ($9.85M), United States ($80.4k), Vietnam ($73.9k), Germany ($20.7k), and China ($4.46k).

The fastest growing import markets in Cinnamon for Ecuador between 2021 and 2022 were Sri Lanka ($1.11M), United States ($26k), and India ($3.76k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cinnamon exports accounted up to $366 and imports accounted up to $1.22M, resulting in a negative trade balance of $1.22M. Between November 2020 and December 2021 the exports of Ecuador's   Cinnamon have decreased by $-31.9k (-98.9%) from $32.3k to $366, while imports increased by $293k (31.6%) from $927k to $1.22M.

Destinations In December 2021, Cinnamon were exported mostly to United States ($366) and Panama ($0.2), and were imported mostly from Sri Lanka ($1.22M) and United States ($738).

Growth In December 2021, the decrease in Cinnamon's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Cinnamon's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-31.9k(-98.9%)
IMPORT GROWTH (December 2020 - December 2021)$293k(31.6%)
MAIN DESTINATION (December 2021)United States$366

This section shows Cinnamon's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cinnamon over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$54k
IMPORTS (2022)$10M
NET TRADE (2022)-$9.98M

In 2022, Ecuador exported $54k in Cinnamon. The main destinations of Ecuador exports on Cinnamon were Spain ($37.5k), United States ($16.5k), Czechia ($30), Netherlands ($24), and Panama ($4).

In 2022, Ecuador imported $10M in Cinnamon, mainly from Sri Lanka ($9.85M), United States ($80.4k), Vietnam ($73.9k), Germany ($20.7k), and China ($4.46k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$11k (202%)
Czechia$30 (1%)
Cyprus$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Ecuador WERE (2021 - 2022):
Spain-$79.1k (-67.8%)
Norway-$315 (-100%)
Panama-$303 (-98.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Cinnamon were:
Vietnam $268M
Sri Lanka $214M
China $179M
In 2022, Ecuador's main importing competitors in Cinnamon were:
United States $190M
India $116M
Mexico $87.7M

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04k
TOP IMPORT POTENTIALChina+ $10.3k

Cinnamon’s highest export potential is United States. With an export gap of $1.04k.   Cinnamon’s highest import potential is China with an import gap of $10.3k.

See methodology.

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