Cocoa Beans in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $5.28M in Cocoa Beans, making it the 35th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 855th most exported product in Canada. The main destination of Cocoa Beans exports from Canada are: United States ($3.94M), Estonia ($1.23M), Netherlands ($82.6k), United Arab Emirates ($12.3k), and Singapore ($5.49k).

The fastest growing export markets for Cocoa Beans of Canada between 2021 and 2022 were United States ($3.73M), Estonia ($693k), and United Arab Emirates ($12.3k).

Imports In 2022, Canada imported $290M in Cocoa Beans, becoming the 9th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 340th most imported product in Canada. Canada imports Cocoa Beans primarily from: Cote d'Ivoire ($165M), Ecuador ($46.1M), Ghana ($39.5M), Nigeria ($29.4M), and United States ($6.44M).

The fastest growing import markets in Cocoa Beans for Canada between 2021 and 2022 were Ecuador ($19.1M), Cote d'Ivoire ($8.57M), and Belgium ($289k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cocoa Beans from Canada to the United States.

Latest Trends

August 2023

About

Overview In August 2023 Canada's Cocoa Beans exports accounted up to C$1.87M and imports accounted up to C$42.8M, resulting in a negative trade balance of C$40.9M. Between September 2019 and August 2023 the exports of Canada's Cocoa Beans have increased by C$1.83M (4.79k%) from C$38.2k to C$1.87M, while imports decreased by C$-22.1M (-34.1%) from C$64.9M to C$42.8M.

Destinations In August 2023, Cocoa Beans were exported mostly to , and were imported mostly from Ghana (C$15.5M), Ecuador (C$12.3M), Cote d'Ivoire (C$12.2M), Nigeria (C$2.49M), and Dominican Republic (C$179k).

Growth In August 2023, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to . In January 2024, the decrease in Cocoa Beans's year-by-year imports was explained primarily by a decrease in imports from Nigeria (C$-1.02M or -20.2%), Dominican Republic (C$-7.48k or -32.1%), and France (C$-5.66k or -96.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - August 2023)C$1.83M(4.79k%)

IMPORT GROWTH (January 2023 - January 2024)C$-22.1M(-34.1%)

MAIN EXPORTER (August 2023)

MAIN DESTINATION (August 2023)

This section shows Cocoa Beans'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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.28M

IMPORTS (2022)$290M

NET TRADE (2022)-$285M

In 2022, Canada exported $5.28M in Cocoa Beans. The main destinations of Canada exports on Cocoa Beans were United States ($3.94M), Estonia ($1.23M), Netherlands ($82.6k), United Arab Emirates ($12.3k), and Singapore ($5.49k).

In 2022, Canada imported $290M in Cocoa Beans, mainly from Cote d'Ivoire ($165M), Ecuador ($46.1M), Ghana ($39.5M), Nigeria ($29.4M), and United States ($6.44M).

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