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2023
Exports $5.53MWorld Rnk 12 / 146
Flag Rnk 988 / 1215
2023
Destination $1.1M Portugal
2022 - 2023
FASTEST GROWING MARKET $1.1MPortugal
2023
PRODUCT COMPLEXITY IN Cinnamon-1.81Rnk 982 / 1025
2023
Imports $11.3MWorld Rnk 14 / 212
Flag Rnk 951 / 1214
2023
Origin $757k Sri Lanka
2022 - 2023
FASTEST GROWING ORIGIN $757kSri Lanka
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $5.53M in Cinnamon, making it the 12th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 988th most exported product in Spain. The main destination of Cinnamon exports from Spain are: Portugal ($1.67M), United Kingdom ($622k), France ($598k), Denmark ($377k), and Netherlands ($345k).

The fastest growing export markets for Cinnamon of Spain between 2022 and 2023 were Portugal ($1.1M), Denmark ($249k), and United States ($198k).

Imports In 2023, Spain imported $11.3M in Cinnamon, becoming the 14th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 951st most imported product in Spain. Spain imports Cinnamon primarily from: Sri Lanka ($4.27M), Vietnam ($2.68M), Madagascar ($1.38M), Indonesia ($870k), and Germany ($628k).

The fastest growing import markets in Cinnamon for Spain between 2022 and 2023 were Sri Lanka ($757k), Portugal ($519k), and Germany ($176k).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Cinnamon exports accounted up to €264k and imports accounted up to €1.42M, resulting in a negative trade balance of €1.15M. Between December 2023 and December 2024 the exports of Spain's   Cinnamon have increased by €3.51k (1.35%) from €261k to €264k, while imports increased by €968k (216%) from €448k to €1.42M.

Destinations In December 2024, Cinnamon were exported mostly to Mexico (€70k), France (€49k), Portugal (€35.3k), Costa Rica (€26.5k), and Serbia (€14.2k), and were imported mostly from Sri Lanka (€530k), Vietnam (€332k), Madagascar (€274k), France (€64.6k), and Germany (€52.7k).

Growth In December 2024, the increase in Cinnamon's year-by-year exports was explained primarily by an increase in exports to Italy (€48.1k or 324%), France (€41.5k or 52%), and United Kingdom (€33.4k or 101%). In December 2024, the increase in Cinnamon's year-by-year imports was explained primarily by an increase in imports from Vietnam (€136k or 332%), Netherlands (€12.4k or 75.5%), and France (€7.04k or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€3.51k(1.35%)
IMPORT GROWTH (December 2023 - December 2024)€968k(216%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Mexico€70k

This section shows Cinnamon's exports and imports data at subnational level for Spain. 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 (2023)$5.53M
IMPORTS (2023)$11.3M
NET TRADE (2023)-$5.74M

In 2023, Spain exported $5.53M in Cinnamon. The main destinations of Spain exports on Cinnamon were Portugal ($1.67M), United Kingdom ($622k), France ($598k), Denmark ($377k), and Netherlands ($345k).

In 2023, Spain imported $11.3M in Cinnamon, mainly from Sri Lanka ($4.27M), Vietnam ($2.68M), Madagascar ($1.38M), Indonesia ($870k), and Germany ($628k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Portugal$1.1M (193%)
Denmark$249k (194%)
United States$198k (438%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Spain WERE (2022 - 2023):
United Kingdom-$121k (-16.3%)
Netherlands-$110k (-24.1%)
Cuba-$105k (-72.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Cinnamon were:
Vietnam $245M
China $188M
Sri Lanka $149M
In 2023, Spain's main importing competitors in Cinnamon were:
United States $151M
India $112M
Vietnam $80.5M

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $101k
TOP IMPORT POTENTIALIndonesia+ $383k

Cinnamon’s highest export potential is France. With an export gap of $101k.   Cinnamon’s highest import potential is Indonesia with an import gap of $383k.

See methodology.

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