2022
Exports
$3.74MWorld Rnk 92 / 196
Flag Rnk 53 / 665
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$36.1MWorld Rnk 88 / 225
Flag Rnk 54 / 1063
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $3.74M in Chocolate, making it the 92nd largest exporter of Chocolate in the world. At the same year, Chocolate was the 53rd most exported product in Venezuela. The main destination of Chocolate exports from Venezuela are: United States ($3.03M), Chile ($494k), Peru ($114k), Panama ($35.1k), and Canada ($16.4k).

The fastest growing export markets for Chocolate of Venezuela between 2021 and 2022 were United States ($1.54M), Peru ($42.8k), and Dominican Republic ($5.62k).

Imports In 2022, Venezuela imported $36.1M in Chocolate, becoming the 88th largest importer of Chocolate in the world. At the same year, Chocolate was the 54th most imported product in Venezuela. Venezuela imports Chocolate primarily from: Turkey ($16.4M), Colombia ($9.61M), United States ($3.66M), Brazil ($3.43M), and Spain ($828k).

The fastest growing import markets in Chocolate for Venezuela between 2021 and 2022 were Colombia ($6.2M), United States ($1.08M), and Brazil ($922k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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)$3.74M
IMPORTS (2022)$36.1M
NET TRADE (2022)-$32.4M

In 2022, Venezuela exported $3.74M in Chocolate. The main destinations of Venezuela exports on Chocolate were United States ($3.03M), Chile ($494k), Peru ($114k), Panama ($35.1k), and Canada ($16.4k).

In 2022, Venezuela imported $36.1M in Chocolate, mainly from Turkey ($16.4M), Colombia ($9.61M), United States ($3.66M), Brazil ($3.43M), and Spain ($828k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
United States$1.54M (103%)
Peru$42.8k (59.9%)
Dominican Republic$5.62k (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Venezuela WERE (2021 - 2022):
Chile-$1.09M (-68.9%)
Ecuador-$42.5k (-79.9%)
Panama-$38.6k (-52.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

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N/A
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Chocolate’s highest export potential is N/A. With an export gap of N/A.   Chocolate’s highest import potential is N/A with an import gap of N/A.

See methodology.

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