As of the end of August 2024, Vietnam had exported 62,918 tons of cinnamon, with a total export value of USD 177.0 million. Compared to the same period last year, the export volume increased by 1.7%, but the export value decreased by 3.5%. India was the largest export market, accounting for 20,722 tons, but this represented a 24.0% decrease compared to the same period last year. The following markets were the United States with 7,399 tons (up 8.0%), Bangladesh with 6,238 tons (up 35.2%), Indonesia with 4,110 tons (up 121.4%), and the UAE with 1,633 tons (up 91.4%).                                                                                                                                         

For imports, As of August 31, 2024, Vietnam had imported 3,232 tons of cinnamon, with an import value of USD 7.8 million. Compared to the same period last year, the import volume decreased by 74.6%. Indonesia and China were the main suppliers of cinnamon to Vietnam, with 1,488 tons and 1,255 tons, respectively.

 Source: VPSA