2022
Exports
$31.1MWorld Rnk 19 / 123
Flag Rnk 646 / 1213
2022
PRODUCT COMPLEXITY IN Cocoa Butter
-1.34Rnk 920 / 1025
2022
Imports
$513MWorld Rnk 3 / 179
Flag Rnk 184 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $31.1M in Cocoa Butter, making it the 19th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 646th most exported product in Belgium. The main destination of Cocoa Butter exports from Belgium are: Germany ($8.99M), France ($4.95M), Netherlands ($4.33M), Estonia ($1.69M), and Russia ($1.4M).

The fastest growing export markets for Cocoa Butter of Belgium between 2021 and 2022 were Estonia ($1.68M), Germany ($1.41M), and Russia ($440k).

Imports In 2022, Belgium imported $513M in Cocoa Butter, becoming the 3rd largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 184th most imported product in Belgium. Belgium imports Cocoa Butter primarily from: Netherlands ($258M), France ($144M), Germany ($79.4M), Cote d'Ivoire ($19.4M), and Ghana ($5.35M).

The fastest growing import markets in Cocoa Butter for Belgium between 2021 and 2022 were Cote d'Ivoire ($7.58M), Ghana ($5.15M), and Malaysia ($1.98M).

COMPANIES In 2023, leading companies such as Barry Callebaut (5) were at the forefront of shipping Cocoa Butter from Belgium to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-733k(-45.8%)
IMPORT GROWTH (May 2023 - May 2024)€-20.8M(-46.4%)
MAIN DESTINATION (May 2024)Germany€444k

This section shows Cocoa Butter's exports and imports data at subnational level for Belgium. 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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.1M
IMPORTS (2022)$513M
NET TRADE (2022)-$482M

In 2022, Belgium exported $31.1M in Cocoa Butter. The main destinations of Belgium exports on Cocoa Butter were Germany ($8.99M), France ($4.95M), Netherlands ($4.33M), Estonia ($1.69M), and Russia ($1.4M).

In 2022, Belgium imported $513M in Cocoa Butter, mainly from Netherlands ($258M), France ($144M), Germany ($79.4M), Cote d'Ivoire ($19.4M), and Ghana ($5.35M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Estonia$1.68M (10.5k%)
Germany$1.41M (18.6%)
Russia$440k (45.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Belgium WERE (2021 - 2022):
Canada-$3.48M (-93.9%)
Poland-$869k (-66.9%)
China-$653k (-37.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cocoa Butter were:
In 2022, Belgium's main importing competitors in Cocoa Butter were:

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.13M
TOP IMPORT POTENTIALGermany+ $7.55M

Cocoa Butter’s highest export potential is Germany. With an export gap of $6.13M.   Cocoa Butter’s highest import potential is Germany with an import gap of $7.55M.

See methodology.

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