2022
Exports
$149kWorld Rnk 58 / 147
Flag Rnk 821 / 1142
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$10.5MWorld Rnk 17 / 211
Flag Rnk 548 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $149k in Cinnamon, making it the 58th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 821st most exported product in Colombia. The main destination of Cinnamon exports from Colombia are: Sri Lanka ($131k), Spain ($11.9k), United States ($3.8k), Ecuador ($2.38k), and Aruba ($723).

The fastest growing export markets for Cinnamon of Colombia between 2021 and 2022 were Ecuador ($2.38k), Spain ($1.75k), and United States ($994).

Imports In 2022, Colombia imported $10.5M in Cinnamon, becoming the 17th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 548th most imported product in Colombia. Colombia imports Cinnamon primarily from: Sri Lanka ($9.23M), United States ($375k), China ($309k), Vietnam ($244k), and Liberia ($210k).

The fastest growing import markets in Cinnamon for Colombia between 2021 and 2022 were Vietnam ($98.8k), Liberia ($74.3k), and Netherlands ($17.5k).

Latest Trends

Jul 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)$149k
IMPORTS (2022)$10.5M
NET TRADE (2022)-$10.4M

In 2022, Colombia exported $149k in Cinnamon. The main destinations of Colombia exports on Cinnamon were Sri Lanka ($131k), Spain ($11.9k), United States ($3.8k), Ecuador ($2.38k), and Aruba ($723).

In 2022, Colombia imported $10.5M in Cinnamon, mainly from Sri Lanka ($9.23M), United States ($375k), China ($309k), Vietnam ($244k), and Liberia ($210k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$2.38k (1%)
Spain$1.75k (17.3%)
United States$994 (35.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Colombia WERE (2021 - 2022):
Sri Lanka-$163k (-55.5%)
Panama-$2.9k (-100%)
Venezuela-$415 (-99%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Cinnamon were:
In 2022, Colombia'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 POTENTIALUnited States+ $17.7k
TOP IMPORT POTENTIALChina+ $353k

Cinnamon’s highest export potential is United States. With an export gap of $17.7k.   Cinnamon’s highest import potential is China with an import gap of $353k.

See methodology.

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