2022
Exports
$24kWorld Rnk 88 / 147
Flag Rnk 589 / 1077
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$269kWorld Rnk 105 / 211
Flag Rnk 966 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $24k in Cinnamon, making it the 88th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 589th most exported product in Nigeria. The main destination of Cinnamon exports from Nigeria are: Canada ($22.6k), Cyprus ($1.29k), France ($131), Ireland ($23), and South Korea ($8).

The fastest growing export markets for Cinnamon of Nigeria between 2021 and 2022 were Canada ($22.6k), Cyprus ($1.29k), and France ($131).

Imports In 2022, Nigeria imported $269k in Cinnamon, becoming the 105th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 966th most imported product in Nigeria. Nigeria imports Cinnamon primarily from: Vietnam ($131k), India ($80.8k), Lebanon ($29.5k), Italy ($12.4k), and Germany ($8.38k).

The fastest growing import markets in Cinnamon for Nigeria between 2021 and 2022 were Vietnam ($42.2k), Germany ($6.09k), and Netherlands ($142).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cinnamon. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24k
IMPORTS (2022)$269k
NET TRADE (2022)-$245k

In 2022, Nigeria exported $24k in Cinnamon. The main destinations of Nigeria exports on Cinnamon were Canada ($22.6k), Cyprus ($1.29k), France ($131), Ireland ($23), and South Korea ($8).

In 2022, Nigeria imported $269k in Cinnamon, mainly from Vietnam ($131k), India ($80.8k), Lebanon ($29.5k), Italy ($12.4k), and Germany ($8.38k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Canada$22.6k (1%)
Cyprus$1.29k (1%)
France$131 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Nigeria WERE (2021 - 2022):
United Kingdom-$87k (-100%)
Switzerland-$7.68k (-100%)
Sri Lanka-$6.56k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Cinnamon were:
In 2022, Nigeria's main importing competitors in Cinnamon were:

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $7.35k
TOP IMPORT POTENTIALVietnam+ $70k

Cinnamon’s highest export potential is Canada. With an export gap of $7.35k.   Cinnamon’s highest import potential is Vietnam with an import gap of $70k.

See methodology.

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