2023
Exports
$50.5kWorld Rnk 77 / 146
Flag Rnk 523 / 1096
2023
PRODUCT COMPLEXITY IN Cinnamon
-1.81Rnk 982 / 1025
2023
Imports
$226kWorld Rnk 107 / 212
Flag Rnk 979 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $50.5k in Cinnamon, making it the 77th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 523rd most exported product in Nigeria. The main destination of Cinnamon exports from Nigeria are: Saudi Arabia ($23.4k), Cyprus ($12.4k), Australia ($11.8k), United Kingdom ($2.5k), and Finland ($216).

The fastest growing export markets for Cinnamon of Nigeria between 2022 and 2023 were Saudi Arabia ($23.4k), Australia ($11.8k), and Cyprus ($11.1k).

Imports In 2023, Nigeria imported $226k in Cinnamon, becoming the 107th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 979th most imported product in Nigeria. Nigeria imports Cinnamon primarily from: India ($99.7k), United Arab Emirates ($59.4k), China ($51.3k), Indonesia ($9.6k), and Netherlands ($1.85k).

The fastest growing import markets in Cinnamon for Nigeria between 2022 and 2023 were United Arab Emirates ($53.2k), China ($51.3k), and India ($14.2k).

Latest Trends

Dec 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 (2023)$50.5k
IMPORTS (2023)$226k
NET TRADE (2023)-$175k

In 2023, Nigeria exported $50.5k in Cinnamon. The main destinations of Nigeria exports on Cinnamon were Saudi Arabia ($23.4k), Cyprus ($12.4k), Australia ($11.8k), United Kingdom ($2.5k), and Finland ($216).

In 2023, Nigeria imported $226k in Cinnamon, mainly from India ($99.7k), United Arab Emirates ($59.4k), China ($51.3k), Indonesia ($9.6k), and Netherlands ($1.85k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Saudi Arabia$23.4k (1%)
Australia$11.8k (1%)
Cyprus$11.1k (819%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Nigeria WERE (2022 - 2023):
Canada-$24.2k (-100%)
France-$131 (-100%)
South Korea-$9 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Cinnamon were:
In 2023, 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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