2022
Exports
$1.99BWorld Rnk 6 / 196
Flag Rnk 45 / 1210
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$1.23BWorld Rnk 6 / 225
Flag Rnk 94 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 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: N/A.

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

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$124M(57.6%)
IMPORT GROWTH (July 2023 - July 2024)C$36.9M(22.7%)
MAIN EXPORTER (July 2024)QuebecC$181M
MAIN DESTINATION (July 2024)United StatesC$331M

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).

Explore Visualizations

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%)

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:

Explore Visualizations

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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