Cinnamon Exports Reached 177 Million USD in 8 Months

According to the Vietnam Pepper and Spices Association, in August 2024, Vietnam exported 8,186 tons of cinnamon, with a total export value of 22.9 million USD, a decrease of 17.1% compared to the previous month.

The largest export market was India, receiving 2,464 tons, down 23.4% compared to July. This was followed by the U.S. with 1,156 tons, an increase of 6.7%, and Indonesia with 810 tons, a sharp decline of 41.8%. As of the end of August 2024, Vietnam exported a total of 62,918 tons of cinnamon, with a total export value of 177 million USD. Compared to the same period last year, the export volume increased by 1.7%, but the total value dropped by 3.5%.

The leading exporting companies include Prosi Thang Long, which exported 8,833 tons, a decrease of 14.4% compared to the same period last year. Other key companies were Son Ha Spices with 4,186 tons, up 36.8%; Tuan Minh with 2,780 tons, up 59.9%; Olam Vietnam with 2,674 tons, up 20.1%; and Senspice Vietnam with 2,615 tons, down 30.2%.

Image: Residents of Dao Thinh commune bringing cinnamon to sell to the Vietnam Cinnamon Production and Export Joint Stock Company (Photo: Nguyen Hanh)

For more details, visit: Xuất khẩu quế thu về 177 triệu USD trong 8 tháng