Deep, understated fruity cinnamiticity; interestingly reminiscent of things like longpepper. 
 
The word balsamic is a little bit ungraspable as a perfumery concept at the best of times, but apart from pointing to a big vat of labdanum, this might be the synthetic that I choose to best demonstrate the idea of the 'balsamic'.
 
Methyl Cinnamate ---> Strawberry
Ethyl Cinnamate ---> Davana
Isobutyl Cinnamate ----> ambery, plum