2022
Exports
$48.6MWorld Rnk 53 / 196
Flag Rnk 279 / 1216
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$284MWorld Rnk 30 / 225
Flag Rnk 84 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $48.6M in Chocolate, making it the 53rd largest exporter of Chocolate in the world. At the same year, Chocolate was the 279th most exported product in Portugal. The main destination of Chocolate exports from Portugal are: Spain ($21.5M), United Arab Emirates ($2.56M), Brazil ($2.56M), Angola ($2.38M), and Switzerland ($1.8M).

The fastest growing export markets for Chocolate of Portugal between 2021 and 2022 were Spain ($6.91M), United Arab Emirates ($1.4M), and Brazil ($781k).

Imports In 2022, Portugal imported $284M in Chocolate, becoming the 30th largest importer of Chocolate in the world. At the same year, Chocolate was the 84th most imported product in Portugal. Portugal imports Chocolate primarily from: Spain ($91.3M), Germany ($62.2M), Italy ($46.2M), France ($19.8M), and Netherlands ($18.9M).

The fastest growing import markets in Chocolate for Portugal between 2021 and 2022 were Spain ($15.2M), Netherlands ($3.91M), and Germany ($2.84M).

COMPANIES In 2023, leading companies such as IKEA Group (171) and Barry Callebaut (4) were at the forefront of shipping Chocolate from Portugal to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Chocolate. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$48.6M
IMPORTS (2022)$284M
NET TRADE (2022)-$235M

In 2022, Portugal exported $48.6M in Chocolate. The main destinations of Portugal exports on Chocolate were Spain ($21.5M), United Arab Emirates ($2.56M), Brazil ($2.56M), Angola ($2.38M), and Switzerland ($1.8M).

In 2022, Portugal imported $284M in Chocolate, mainly from Spain ($91.3M), Germany ($62.2M), Italy ($46.2M), France ($19.8M), and Netherlands ($18.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$6.91M (47.4%)
Brazil$781k (44%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Portugal WERE (2021 - 2022):
France-$1.06M (-68.9%)
Libya-$962k (-65.6%)
Morocco-$461k (-41.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Portugal's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $4.29M
TOP IMPORT POTENTIALBelgium+ $5.42M

Chocolate’s highest export potential is Spain. With an export gap of $4.29M.   Chocolate’s highest import potential is Belgium with an import gap of $5.42M.

See methodology.

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