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2022
Exports $432MWorld Rnk 26 / 199
Flag Rnk 93 / 96
2022
Destination $10.2M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $10.2MSerbia
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations0.14Rnk 508 / 1025
2022
Imports $766MWorld Rnk 16 / 225
Flag Rnk 78 / 96
2022
Origin $13.1M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $13.1MEcuador
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $432M in Cocoa & cocoa preparations, making it the 26th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 93rd most exported product in China. The main destination of Cocoa & cocoa preparations exports from China are: Hong Kong ($52.1M), South Korea ($35.4M), Philippines ($33.4M), United States ($29.1M), and Malaysia ($20.5M).

The fastest growing export markets for Cocoa & cocoa preparations of China between 2021 and 2022 were Serbia ($10.2M), Malaysia ($8.28M), and Singapore ($7.06M).

Imports In 2022, China imported $766M in Cocoa & cocoa preparations, becoming the 16th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 78th most imported product in China. China imports Cocoa & cocoa preparations primarily from: Malaysia ($141M), Indonesia ($131M), Singapore ($80.6M), Belgium ($75.1M), and Russia ($38.4M).

The fastest growing import markets in Cocoa & cocoa preparations for China between 2021 and 2022 were Ecuador ($13.1M), Malaysia ($10.6M), and Singapore ($10.4M).

COMPANIES In 2023, leading companies such as IKEA Group (2.16k), DuPont (170), and Walmart (14) were at the forefront of shipping Cocoa & cocoa preparations from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Cocoa & cocoa preparations exports accounted up to $41.6M and imports accounted up to $100M, resulting in a negative trade balance of $58.6M. Between July 2023 and July 2024 the exports of China's   Cocoa & cocoa preparations have increased by $5.22M (14.3%) from $36.4M to $41.6M, while imports increased by $31.5M (45.9%) from $68.7M to $100M.

Destinations In July 2024, Cocoa & cocoa preparations were exported mostly to United States ($6.21M), Hong Kong ($2.81M), Russia ($2.61M), Mexico ($2.43M), and United Kingdom ($2.33M), and were imported mostly from Malaysia ($16.7M), Singapore ($13.9M), Indonesia ($12.7M), Italy ($10.2M), and Belgium ($8.63M).

Growth In July 2024, the increase in Cocoa & cocoa preparations's year-by-year exports was explained primarily by an increase in exports to Russia ($1.54M or 652%), South Korea ($793k or 30.2%), and Japan ($778k or 104%). In July 2024, the increase in Cocoa & cocoa preparations's year-by-year imports was explained primarily by an increase in imports from Switzerland ($2.07M or 120%), Togo ($1.14M or 109%), and Lebanon ($575k or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$5.22M(14.3%)
IMPORT GROWTH (July 2023 - July 2024)$31.5M(45.9%)
MAIN EXPORTER (July 2024)Guangdong Province$18.5M
MAIN DESTINATION (July 2024)United States$6.21M

This section shows Cocoa & cocoa preparations's exports and imports data at subnational level for China. 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 & cocoa preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$432M
IMPORTS (2022)$766M
NET TRADE (2022)-$334M

In 2022, China exported $432M in Cocoa & cocoa preparations. The main destinations of China exports on Cocoa & cocoa preparations were Hong Kong ($52.1M), South Korea ($35.4M), Philippines ($33.4M), United States ($29.1M), and Malaysia ($20.5M).

In 2022, China imported $766M in Cocoa & cocoa preparations, mainly from Malaysia ($141M), Indonesia ($131M), Singapore ($80.6M), Belgium ($75.1M), and Russia ($38.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR China WERE (2021 - 2022):
Serbia$10.2M (813%)
Malaysia$8.28M (67.9%)
Singapore$7.06M (300%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY China WERE (2021 - 2022):
Hong Kong-$26.6M (-33.8%)
Philippines-$8.64M (-20.6%)
Germany-$7.51M (-71%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Cocoa & cocoa preparations were:
Germany $6.74B
Cote d'Ivoire $5.39B
Netherlands $5.36B
In 2022, China's main importing competitors in Cocoa & cocoa preparations were:
United States $6.22B
Netherlands $4.41B
Germany $4.41B

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28M
TOP IMPORT POTENTIALGermany+ $28.6M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $28M.   Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $28.6M.

See methodology.

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