Vietnam exported over 74,700 tons of cinnamon in the first ten months of this year, earning $220.3 million, according to the Vietnam Pepper and Spice Association.

The figure represents a year-on-year increase of 19.2 per cent in quantity but a fall of 1.3 per cent in value.

The average export price stands at $2,948 per ton, down 17.2 per cent compared to the same period last year.

Key export markets are India, accounting for 43.9 per cent, the US, and Bangladesh.

Vietnam became the top cinnamon exporter globally last year with export revenue of $292 million. It represented 18.2 per cent of export quantities and a 34.4 per cent market share globally.