Chocolate in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $145M in Chocolate, making it the 33rd largest exporter of Chocolate in the world. At the same year, Chocolate was the 185th most exported product in Brazil. The main destination of Chocolate exports from Brazil are: Argentina ($39.1M), Paraguay ($15.3M), Chile ($15.2M), Uruguay ($14.1M), and Bolivia ($11.7M).

The fastest growing export markets for Chocolate of Brazil between 2021 and 2022 were Argentina ($3.95M), Bolivia ($3.38M), and Paraguay ($2.64M).

Imports In 2022, Brazil imported $124M in Chocolate, becoming the 55th largest importer of Chocolate in the world. At the same year, Chocolate was the 291st most imported product in Brazil. Brazil imports Chocolate primarily from: Argentina ($39.4M), Germany ($20.9M), India ($11.4M), Belgium ($10.5M), and Italy ($10.2M).

The fastest growing import markets in Chocolate for Brazil between 2021 and 2022 were Argentina ($20.9M), Germany ($3.33M), and Italy ($1.71M).

COMPANIES In 2023, leading companies such as ELKEM SILICONES USA CORP (36), SOHO STUDIO LLC (13), and STIHL INCORPORATED (10) were at the forefront of shipping Chocolate from Brazil to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Brazil's Chocolate exports accounted up to $14.2M and imports accounted up to $15.5M, resulting in a negative trade balance of $1.31M. Between March 2023 and March 2024 the exports of Brazil's Chocolate have decreased by $-520k (-3.54%) from $14.7M to $14.2M, while imports increased by $1.57M (11.3%) from $13.9M to $15.5M.

Destinations In March 2024, Chocolate were exported mostly to Argentina ($2.52M), Uruguay ($1.74M), Chile ($1.47M), Paraguay ($1.25M), and Saudi Arabia ($855k), and were imported mostly from Argentina ($3.82M), Switzerland ($3.03M), Germany ($2.52M), Poland ($1.15M), and Italy ($1.02M).

Growth In March 2024, the decrease in Chocolate's year-by-year exports was explained primarily by a decrease in exports to Chile ($-141k or -11.6%), Colombia ($-134k or -32.7%), and Yemen ($-74.2k or -70.2%). In March 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from Germany ($905k or 97.3%), India ($402k or 24.5%), and Belgium ($280k or 30%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-520k(-3.54%)

IMPORT GROWTH (March 2023 - March 2024)$1.57M(11.3%)

MAIN EXPORTER (March 2024)São Paulo$7.39M

MAIN DESTINATION (March 2024)Argentina$2.52M

This section shows Chocolate's exports and imports data at subnational level for Brazil. 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 Chocolate over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$145M

IMPORTS (2022)$124M

NET TRADE (2022)$21.1M

In 2022, Brazil exported $145M in Chocolate. The main destinations of Brazil exports on Chocolate were Argentina ($39.1M), Paraguay ($15.3M), Chile ($15.2M), Uruguay ($14.1M), and Bolivia ($11.7M).

In 2022, Brazil imported $124M in Chocolate, mainly from Argentina ($39.4M), Germany ($20.9M), India ($11.4M), Belgium ($10.5M), and Italy ($10.2M).

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