Cocoa Beans in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $9.04M in Cocoa Beans, making it the 32nd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1069th most exported product in United States. The main destination of Cocoa Beans exports from United States are: Canada ($6.44M), Belgium ($896k), Netherlands ($622k), Germany ($350k), and Ecuador ($320k).

The fastest growing export markets for Cocoa Beans of United States between 2021 and 2022 were Ecuador ($269k), Ukraine ($35.3k), and Estonia ($28.3k).

Imports In 2022, United States imported $874M in Cocoa Beans, becoming the 3rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 428th most imported product in United States. United States imports Cocoa Beans primarily from: Cote d'Ivoire ($407M), Ecuador ($173M), Ghana ($145M), Dominican Republic ($58.6M), and Democratic Republic of the Congo ($24.8M).

The fastest growing import markets in Cocoa Beans for United States between 2021 and 2022 were Dominican Republic ($11.8M), Ghana ($5.37M), and Democratic Republic of the Congo ($3.8M).

COMPANIES In 2023, leading companies such as Barry Callebaut (142) were at the forefront of shipping Cocoa Beans to the United States.

Latest Trends

March 2024

About

Overview In March 2024 United States' Cocoa Beans exports accounted up to $41.6M and imports accounted up to $110M, resulting in a negative trade balance of $68.4M. Between March 2023 and March 2024 the exports of United States' Cocoa Beans have increased by $40.1M (2.84k%) from $1.42M to $41.6M, while imports decreased by $-8.31M (-7.03%) from $118M to $110M.

Destinations In March 2024, Cocoa Beans were exported mostly to Canada ($28.5M), Netherlands ($10.6M), Estonia ($1.45M), United Kingdom ($1M), and Mauritius ($0), and were imported mostly from Cote d'Ivoire ($61.7M), Ghana ($18.7M), Ecuador ($12.1M), Nigeria ($8.7M), and Dominican Republic ($5.4M).

Growth In March 2024, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to Japan ($102k or 575%). In March 2024, the decrease in Cocoa Beans's year-by-year imports was explained primarily by a decrease in imports from Ecuador ($-2.56M or -21.3%), Peru ($-306k or -32.8%), and Venezuela ($-93.9k or -27.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$40.1M(2.84k%)

IMPORT GROWTH (March 2023 - March 2024)$-8.31M(-7.03%)

MAIN EXPORTER (March 2024)Pennsylvania$24.6M

MAIN DESTINATION (March 2024)Canada$28.5M

This section shows Cocoa Beans's exports and imports data at subnational level for United States. 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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