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2022
Exports $4MWorld Rnk 13 / 147
Flag Rnk 1035 / 1214
2022
Destination $111k France
2021 - 2022
FASTEST GROWING MARKET $111kFrance
2022
PRODUCT COMPLEXITY IN Cinnamon-1.8Rnk 982 / 1025
2022
Imports $10.2MWorld Rnk 19 / 211
Flag Rnk 984 / 1214
2022
Origin $61.8k Sri Lanka
2021 - 2022
FASTEST GROWING ORIGIN $61.8kIndonesia
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $4M in Cinnamon, making it the 13th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 1035th most exported product in Spain. The main destination of Cinnamon exports from Spain are: France ($814k), United Kingdom ($644k), Portugal ($628k), Netherlands ($318k), and Italy ($154k).

The fastest growing export markets for Cinnamon of Spain between 2021 and 2022 were France ($111k), Netherlands ($91.4k), and Portugal ($78.2k).

Imports In 2022, Spain imported $10.2M in Cinnamon, becoming the 19th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 984th most imported product in Spain. Spain imports Cinnamon primarily from: Sri Lanka ($3.3M), Vietnam ($3.15M), Madagascar ($927k), Portugal ($606k), and Netherlands ($605k).

The fastest growing import markets in Cinnamon for Spain between 2021 and 2022 were Indonesia ($61.8k), China ($5.76k), and Romania ($5.42k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Cinnamon exports accounted up to €299k and imports accounted up to €1.16M, resulting in a negative trade balance of €866k. Between June 2023 and June 2024 the exports of Spain's   Cinnamon have decreased by €-31.7k (-9.59%) from €331k to €299k, while imports increased by €305k (35.4%) from €860k to €1.16M.

Destinations In June 2024, Cinnamon were exported mostly to Mexico (€74.9k), Portugal (€70.8k), France (€57.9k), Cuba (€16.1k), and Belgium (€9.98k), and were imported mostly from Madagascar (€521k), Vietnam (€427k), Albania (€45.5k), Indonesia (€41.1k), and Sri Lanka (€30.1k).

Growth In June 2024, the decrease in Cinnamon's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-31.7k or -48.9%), France (€-8.22k or -9.33%), and Greece (€-5.55k or -38.4%). In June 2024, the increase in Cinnamon's year-by-year imports was explained primarily by an increase in imports from Madagascar (€70k or 1.46k%), Germany (€62.4k or 161%), and Netherlands (€6.97k or 73.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-31.7k(-9.59%)
IMPORT GROWTH (June 2023 - June 2024)€305k(35.4%)
MAIN EXPORTER (June 2024)Murcia€305k
MAIN DESTINATION (June 2024)Mexico€74.9k

This section shows Cinnamon's exports and imports data at subnational level for Spain. 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 (2022)$4M
IMPORTS (2022)$10.2M
NET TRADE (2022)-$6.16M

In 2022, Spain exported $4M in Cinnamon. The main destinations of Spain exports on Cinnamon were France ($814k), United Kingdom ($644k), Portugal ($628k), Netherlands ($318k), and Italy ($154k).

In 2022, Spain imported $10.2M in Cinnamon, mainly from Sri Lanka ($3.3M), Vietnam ($3.15M), Madagascar ($927k), Portugal ($606k), and Netherlands ($605k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$111k (15.8%)
Netherlands$91.4k (40.4%)
Portugal$78.2k (14.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Spain WERE (2021 - 2022):
Poland-$326k (-79.9%)
United Kingdom-$229k (-26.2%)
Italy-$205k (-57%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Cinnamon were:
Vietnam $268M
Sri Lanka $214M
China $179M
In 2022, Spain's main importing competitors in Cinnamon were:
United States $190M
India $116M
Mexico $87.7M

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $101k
TOP IMPORT POTENTIALIndonesia+ $383k

Cinnamon’s highest export potential is France. With an export gap of $101k.   Cinnamon’s highest import potential is Indonesia with an import gap of $383k.

See methodology.

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