Vietnam’s Cinnamon Exports Reach $177 Million in First 8 Months of 2024

In the first eight months of 2024, Vietnam exported 62,918 tons of cinnamon, earning a total of $177 million. While this marks a 1.7% increase in export volume compared to the same period last year, the export value has witnessed a 3.5% decline.

August 2024 Cinnamon Export Overview

According to the Vietnam Pepper and Spice Association, in August 2024 alone, Vietnam exported 8,186 tons of cinnamon, generating $22.9 million in revenue. This represents a 17.1% drop in export volume compared to the previous month.

India was the largest market in August, importing 2,464 tons, though this was a 23.4% decrease compared to July. Other key markets include the U.S., which imported 1,156 tons (up 6.7%), and Indonesia, with 810 tons (down 41.8%).

Vietnam’s Leading Export Markets

By the end of August 2024, the top export destinations for Vietnamese cinnamon were:

  • India: 20,722 tons (down 24% year-over-year)
  • United States: 7,399 tons (up 8%)
  • Bangladesh: 6,238 tons (up 35.2%)
  • Indonesia: 4,110 tons (up 121.4%)
  • UAE: 1,633 tons (up 91.4%)

These figures highlight the diverse demand for Vietnamese cinnamon across various global markets, with notable growth in countries like Indonesia and the UAE.

Vietnam’s Global Position in Cinnamon Production

According to the Ministry of Agriculture and Rural Development, Vietnam ranks as the world’s third-largest producer and exporter of cinnamon, holding a 17% share of the global market. In 2022, the country earned roughly $300 million from cinnamon exports.

Vietnam’s cinnamon industry plays a significant role in the livelihoods of many rural communities. With around 180,000 hectares of cinnamon plantations, farming supports hundreds of thousands of ethnic minority households in remote areas. Beyond its economic impact, cinnamon is valued for its wide range of uses in food, medicine, livestock feed, and even as fertilizer.

The Versatility of Cinnamon

Cinnamon is more than just a spice. It’s a valuable resource used in numerous ways:

  • Culinary use: As a popular spice for flavoring food.
  • Fragrance and medicine: Utilized in the cosmetic and pharmaceutical industries.
  • Animal feed and fertilizer: Cinnamon is also used in agriculture to enhance livestock nutrition and soil health.

Looking Ahead

As global demand for cinnamon continues to rise, Vietnam’s strong production capacity and export infrastructure position the country well to meet international needs. With growing interest in organic farming and sustainable agriculture, Vietnam’s cinnamon industry is set for further development, benefiting both the economy and the rural communities that rely on this valuable crop.


Interested in sourcing premium Vietnamese cinnamon? Contact VietGlobal Export for high-quality products and follow us on social media for the latest updates on Vietnam’s spice exports!

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