Cinnamon exports in 11 months of 2024 earned nearly 250 million USD

Vietnam Pepper and Spice Association said that in 11 months of 2024, cinnamon exports earned nearly 250 million USD.

According to the Vietnam Pepper and Spice Association, in November 2024, Vietnam exported 10,754 tons of cinnamon, with a total export turnover of 28.8 million USD, an increase of 5.8% compared to October.

Cinnamon exports in 11 months of 2024 earned nearly 250 million USD

India and the United States are the two main cinnamon export markets of Vietnam, reaching 4,429 tons and 1,253 tons, accounting for 41.2% and 11.7% respectively. Meanwhile, Prosi Thang Long continues to be the largest exporter, accounting for 15.6% of the export market share, reaching 1,673 tons. Next are the enterprises: Son Ha Spices reaching 699 tons, Tuan Minh reaching 676 tons, Senspices reaching 531 tons and Olam Vietnam reaching 440 tons.

In the first 11 months of 2024, Vietnam exported 90,270 tons of cinnamon, with a total export turnover of 249.2 million USD. Compared to the same period last year, the export volume increased by 10.2% and the export turnover increased by 3.9%.

Leading exporters include: Prosi Thang Long with 13,213 tons, accounting for 14.6%; Son Ha spices with 5,649 tons, accounting for 6.3%; Tuan Minh with 4,372 tons, accounting for 4.8%; Senspice Vietnam with 3,974 tons, accounting for 4.4% and Olam Vietnam with 3,677 tons, accounting for 4.1%.

The main export markets of Vietnamese cinnamon include: India with 31,829 tons, accounting for 35.3%; the United States with 9,867 tons, accounting for 10.9% and Bangladesh with 7,536 tons, accounting for 8.3% market share.

Source: https://congthuong.vn/xuat-khau-que-11-thang-nam-2024-thu-ve-gan-250-trieu-usd-363261.html