VPSA reported that in November, Vietnam exported 10,754 tons of cinnamon, worth 28.8 million USD, up 5.8% from the previous month.
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| Cinnamon exports earned nearly 250 million USD over the past eleven months. (Photo: congthuong.vn) |
India and the US are the two main cinnamon export markets of Vietnam, with 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, with 1,673 tons. It was followed by Son Ha Spices, 699 tons; Tuan Minh, 676 tons; Senspices, 531 tons and Olam Vietnam, 440 tons.
In the eleven months, Vietnam exported 90,270 tons of cinnamon, worth 249.2 million USD, up 10.2% in volume and up 3.9% in value compared to the same period last year.
The leading exporters include Prosi Thang Long with 13,213 tons, accounting for 14.6%; Son Ha Spices, 5,649 tons, 6.3%; Tuan Minh, 4,372 tons, 4.8%; Senspice Vietnam, 3,974 tons, 4.4% and Olam Vietnam, 3,677 tons, 4.1%.
The main export markets of Vietnamese cinnamon include India, 31,829 tons, accounting for 35.3%; the United States, 9,867 tons, 10.9% and Bangladesh, 7,536 tons, 8.3%./.