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2022
Exports $1.99BWorld Rnk 6 / 196
Flag Rnk 45 / 1210
2022
Destination $243M United States
2021 - 2022
FASTEST GROWING MARKET $243MUnited States
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $1.23BWorld Rnk 6 / 225
Flag Rnk 94 / 1213
2022
Origin $33.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $33.6MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.99B in Chocolate, making it the 6th largest exporter of Chocolate in the world. At the same year, Chocolate was the 45th most exported product in Canada. The main destination of Chocolate exports from Canada are: United States ($1.9B), Mexico ($30.5M), Australia ($12.3M), Canada ($10.2M), and United Kingdom ($4.96M).

The fastest growing export markets for Chocolate of Canada between 2021 and 2022 were United States ($243M), South Korea ($2.11M), and Canada ($2.1M).

Imports In 2022, Canada imported $1.23B in Chocolate, becoming the 6th largest importer of Chocolate in the world. At the same year, Chocolate was the 94th most imported product in Canada. Canada imports Chocolate primarily from: United States ($706M), Germany ($92.9M), Switzerland ($79M), Italy ($73M), and Belgium ($61.7M).

The fastest growing import markets in Chocolate for Canada between 2021 and 2022 were United States ($33.6M), Italy ($9.74M), and Switzerland ($8.22M).

COMPANIES In 2023, leading companies such as Walmart (1) were at the forefront of shipping Chocolate from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Chocolate exports accounted up to C$345M and imports accounted up to C$223M, resulting in a positive trade balance of C$122M. Between August 2023 and August 2024 the exports of Canada's   Chocolate have increased by C$104M (43%) from C$241M to C$345M, while imports increased by C$36.3M (19.5%) from C$186M to C$223M.

Destinations In August 2024, Chocolate were exported mostly to United States (C$335M), Mexico (C$5.39M), Australia (C$1.2M), Japan (C$593k), and Chile (C$513k), and were imported mostly from United States (C$130M), Germany (C$19.6M), Switzerland (C$13.5M), Belgium (C$12M), and France (C$9.43M).

Growth In August 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to United States (C$33.1M or 19.1%), Australia (C$219k or 47.2%), and Sweden (C$25k or 6.06k%). In August 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from United States (C$11.6M or 19.7%), United Kingdom (C$11M or 540%), and Switzerland (C$4.57M or 73.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$104M(43%)
IMPORT GROWTH (August 2023 - August 2024)C$36.3M(19.5%)
MAIN EXPORTER (August 2024)QuebecC$182M
MAIN DESTINATION (August 2024)United StatesC$335M

This section shows Chocolate's exports and imports data at subnational level for Canada. 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
EXPORTS (2022)$1.99B
IMPORTS (2022)$1.23B
NET TRADE (2022)$765M

In 2022, Canada exported $1.99B in Chocolate. The main destinations of Canada exports on Chocolate were United States ($1.9B), Mexico ($30.5M), Australia ($12.3M), Canada ($10.2M), and United Kingdom ($4.96M).

In 2022, Canada imported $1.23B in Chocolate, mainly from United States ($706M), Germany ($92.9M), Switzerland ($79M), Italy ($73M), and Belgium ($61.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$243M (14.6%)
South Korea$2.11M (98.9%)
Canada$2.1M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Canada WERE (2021 - 2022):
Mexico-$39.4M (-56.4%)
Saudi Arabia-$2.22M (-72.8%)
Chile-$1.47M (-27.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Canada's main importing competitors in Chocolate were:
United States $3.81B
Germany $2.53B
France $2.33B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $10.4M
TOP IMPORT POTENTIALGermany+ $26.6M

Chocolate’s highest export potential is Mexico. With an export gap of $10.4M.   Chocolate’s highest import potential is Germany with an import gap of $26.6M.

See methodology.

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