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2018
Exports $17.5kWorld Rnk 92 / 146
Flag Rnk 1137 / 1188
2018
Destination $1.96k United States
2022 - 2023
FASTEST GROWING MARKET $1.96kSingapore
2023
PRODUCT COMPLEXITY IN Cinnamon-1.81Rnk 982 / 1025
2018
Imports $1.13MWorld Rnk 77 / 212
Flag Rnk 1105 / 1208
2018
Origin $26.8k China
2022 - 2023
FASTEST GROWING ORIGIN $26.8kSingapore
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2018, South Korea exported $17.5k in Cinnamon, making it the 92nd largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 1137th most exported product in South Korea. The main destination of Cinnamon exports from South Korea are: United States ($9.9k), Singapore ($5.52k), Canada ($1.33k), Samoa ($514), and Panama ($230).

The fastest growing export markets for Cinnamon of South Korea between 2022 and 2023 were Singapore ($1.96k), Samoa ($514), and Canada ($298).

Imports In 2023, South Korea imported $1.13M in Cinnamon, becoming the 77th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 1105th most imported product in South Korea. South Korea imports Cinnamon primarily from: China ($458k), United States ($279k), Sri Lanka ($165k), Italy ($76.3k), and Belgium ($46.5k).

The fastest growing import markets in Cinnamon for South Korea between 2022 and 2023 were Singapore ($26.8k), Italy ($20.7k), and Turkey ($7.01k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Cinnamon exports accounted up to $4k and imports accounted up to $620k, resulting in a negative trade balance of $616k. Between December 2023 and December 2024 the exports of South Korea's   Cinnamon have increased by $1k (33.3%) from $3k to $4k, while imports decreased by $-83k (-11.8%) from $703k to $620k.

Destinations In December 2024, Cinnamon were exported mostly to United States ($4k), Nigeria ($0), China ($0), Hong Kong ($0), and Japan ($0), and were imported mostly from Vietnam ($533k), China ($57k), United States ($19k), Sri Lanka ($10k), and Hong Kong ($1k).

Growth In December 2024, the increase in Cinnamon's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the decrease in Cinnamon's year-by-year imports was explained primarily by a decrease in imports from China ($-79k or -89.8%) and United States ($-2k or -9.09%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1k(33.3%)
IMPORT GROWTH (December 2023 - December 2024)$-83k(-11.8%)
MAIN DESTINATION (December 2024)United States$4k

This section shows Cinnamon's exports and imports data at subnational level for South Korea. 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)$17.5k
IMPORTS (2023)$1.13M
NET TRADE (2023)-$1.11M

In 2023, South Korea exported $17.5k in Cinnamon. The main destinations of South Korea exports on Cinnamon were United States ($9.9k), Singapore ($5.52k), Canada ($1.33k), Samoa ($514), and Panama ($230).

In 2023, South Korea imported $1.13M in Cinnamon, mainly from China ($458k), United States ($279k), Sri Lanka ($165k), Italy ($76.3k), and Belgium ($46.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$1.96k (55.1%)
Samoa$514 (1%)
Canada$298 (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY South Korea WERE (2022 - 2023):
United States-$14.2k (-58.9%)
Kuwait-$5.01k (-100%)
Australia-$4.34k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Cinnamon were:
Vietnam $245M
China $188M
Sri Lanka $149M
In 2023, South Korea'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 POTENTIALUnited States+ $23.2k
TOP IMPORT POTENTIALChina+ $1.2M

Cinnamon’s highest export potential is United States. With an export gap of $23.2k.   Cinnamon’s highest import potential is China with an import gap of $1.2M.

See methodology.

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