2023
Exports
$245MWorld Rnk 1 / 146
Flag Rnk 181 / 1173
2023
PRODUCT COMPLEXITY IN Cinnamon
-1.81Rnk 982 / 1025
2023
Imports
$80.5MWorld Rnk 3 / 212
Flag Rnk 426 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $245M in Cinnamon, making it the 1st largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 181st most exported product in Vietnam. The main destination of Cinnamon exports from Vietnam are: India ($100M), United States ($52.4M), Indonesia ($8.55M), Brazil ($7.39M), and Canada ($7.19M).

The fastest growing export markets for Cinnamon of Vietnam between 2022 and 2023 were India ($3.43M), Egypt ($1.97M), and China ($926k).

Imports In 2023, Vietnam imported $80.5M in Cinnamon, becoming the 3rd largest importer of Cinnamon in the world. At the same year, Cinnamon was the 426th most imported product in Vietnam. Vietnam imports Cinnamon primarily from: China ($72.8M), Indonesia ($5.55M), United States ($384k), United Arab Emirates ($358k), and Hong Kong ($317k).

The fastest growing import markets in Cinnamon for Vietnam between 2022 and 2023 were China ($29.5M), Hong Kong ($317k), and United States ($261k).

COMPANIES In 2024, leading companies such as ALDI Grocery Stores (2) and Amazon (1) were at the forefront of shipping Cinnamon from Vietnam to the United States.

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)$245M
IMPORTS (2023)$80.5M
NET TRADE (2023)$165M

In 2023, Vietnam exported $245M in Cinnamon. The main destinations of Vietnam exports on Cinnamon were India ($100M), United States ($52.4M), Indonesia ($8.55M), Brazil ($7.39M), and Canada ($7.19M).

In 2023, Vietnam imported $80.5M in Cinnamon, mainly from China ($72.8M), Indonesia ($5.55M), United States ($384k), United Arab Emirates ($358k), and Hong Kong ($317k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
India$3.43M (3.55%)
Egypt$1.97M (72%)
China$926k (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Vietnam WERE (2022 - 2023):
Bangladesh-$12.5M (-100%)
South Korea-$7.84M (-100%)
United States-$5.12M (-8.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Cinnamon were:
In 2023, Vietnam'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 POTENTIALChina+ $2.07M
TOP IMPORT POTENTIALIndonesia+ $2.3M

Cinnamon’s highest export potential is China. With an export gap of $2.07M.   Cinnamon’s highest import potential is Indonesia with an import gap of $2.3M.

See methodology.

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