Cocoa Butter/Fat/Oil in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported N/A in Cocoa Butter/Fat/Oil, making it the 11th largest exporter of Cocoa Butter/Fat/Oil in the world. At the same year, Cocoa Butter/Fat/Oil was the 1528th most exported product in United States. The main destination of Cocoa Butter/Fat/Oil exports from United States are: Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

The fastest growing export markets for Cocoa Butter/Fat/Oil of United States between 2021 and 2022 were Malaysia ($2.11M), Mexico ($1.1M), and Kuwait ($514k).

Imports In 2022, United States imported $598M in Cocoa Butter/Fat/Oil, becoming the 2nd largest importer of Cocoa Butter/Fat/Oil in the world. At the same year, Cocoa Butter/Fat/Oil was the 758th most imported product in United States. United States imports Cocoa Butter/Fat/Oil primarily from: Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

COMPANIES In 2023, leading companies such as IKEA Group (135k), CrimsonLogic (98.6k), and Dole Fresh Fruit (62.1k) were at the forefront of shipping Cocoa Butter/Fat/Oil to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Cocoa Butter/Fat/Oil exports accounted up to $15.3M and imports accounted up to $95.6M, resulting in a negative trade balance of $80.3M. Between June 2023 and June 2024 the exports of United States' Cocoa Butter/Fat/Oil have increased by $9.32M (156%) from $5.97M to $15.3M, while imports increased by $53.1M (125%) from $42.5M to $95.6M.

Destinations In June 2024, Cocoa Butter/Fat/Oil were exported mostly to Canada ($14.9M), Mexico ($317k), Qatar ($25.1k), Netherlands ($22.5k), and Philippines ($9.22k), and were imported mostly from Indonesia ($35.7M), Malaysia ($19.7M), Peru ($12.8M), India ($12.4M), and Spain ($2.85M).

Growth In June 2024, the increase in Cocoa Butter/Fat/Oil's year-by-year exports was explained primarily by an increase in exports to Mexico ($119k or 2.85k%). In June 2024, the increase in Cocoa Butter/Fat/Oil's year-by-year imports was explained primarily by an increase in imports from Cote d'Ivoire ($4.58M or 770%), Indonesia ($4.14M or 27.9%), and Malaysia ($3.71M or 66.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$9.32M(156%)

IMPORT GROWTH (June 2023 - June 2024)$53.1M(125%)

MAIN EXPORTER (June 2024)Pennsylvania$10.7M

MAIN DESTINATION (June 2024)Canada$14.9M

This section shows Cocoa Butter/Fat/Oil's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cocoa Butter/Fat/Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

IMPORTS (2022)$598M

In N/A, United States exported N/A in Cocoa Butter/Fat/Oil. The main destinations of United States exports on Cocoa Butter/Fat/Oil were Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

In 2022, United States imported $598M in Cocoa Butter/Fat/Oil, mainly from Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

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