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2023
Exports $27.1MWorld Rnk 22 / 107
Flag Rnk 435 / 1207
2023
Destination $1.79M Argentina
2022 - 2023
FASTEST GROWING MARKET $1.79MArgentina
2023
PRODUCT COMPLEXITY IN Cocoa Paste-0.83Rnk 788 / 1025
2023
Imports $55.7MWorld Rnk 20 / 167
Flag Rnk 428 / 1200
2023
Origin $6.18M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $6.18MMalaysia
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $27.1M in Cocoa Paste, making it the 22nd largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 435th most exported product in Brazil. The main destination of Cocoa Paste exports from Brazil are: Argentina ($23.5M), Chile ($1.82M), United States ($1.62M), Uruguay ($73k), and United Kingdom ($5.95k).

The fastest growing export markets for Cocoa Paste of Brazil between 2022 and 2023 were Argentina ($1.79M), United Kingdom ($5.95k), and Bolivia ($2.39k).

Imports In 2023, Brazil imported $55.7M in Cocoa Paste, becoming the 20th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 428th most imported product in Brazil. Brazil imports Cocoa Paste primarily from: Indonesia ($18.7M), Cote d'Ivoire ($11.1M), Ghana ($8.25M), Malaysia ($6.41M), and Ecuador ($4.88M).

The fastest growing import markets in Cocoa Paste for Brazil between 2022 and 2023 were Malaysia ($6.18M), Ghana ($4.18M), and Cameroon ($3.21M).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Cocoa Paste exports accounted up to $4M and imports accounted up to $10.8M, resulting in a negative trade balance of $6.82M. Between December 2023 and December 2024 the exports of Brazil's   Cocoa Paste have increased by $3.01M (304%) from $991k to $4M, while imports increased by $7.31M (208%) from $3.51M to $10.8M.

Destinations In December 2024, Cocoa Paste were exported mostly to Argentina ($3.63M), United States ($342k), Chile ($24k), and United Kingdom ($5.56k), and were imported mostly from Ghana ($3.52M), Cameroon ($2.47M), Peru ($2.16M), Malaysia ($1.24M), and Cote d'Ivoire ($845k).

Growth In December 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to Argentina ($442k or 31.5%). In December 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Indonesia ($1.7M or 120%), Ecuador ($692k or 432%), and United States ($127k or 424%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$3.01M(304%)
IMPORT GROWTH (December 2023 - December 2024)$7.31M(208%)
MAIN EXPORTER (December 2024)Bahia$8.83M
MAIN DESTINATION (December 2024)Argentina$3.63M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$27.1M
IMPORTS (2023)$55.7M
NET TRADE (2023)-$28.7M

In 2023, Brazil exported $27.1M in Cocoa Paste. The main destinations of Brazil exports on Cocoa Paste were Argentina ($23.5M), Chile ($1.82M), United States ($1.62M), Uruguay ($73k), and United Kingdom ($5.95k).

In 2023, Brazil imported $55.7M in Cocoa Paste, mainly from Indonesia ($18.7M), Cote d'Ivoire ($11.1M), Ghana ($8.25M), Malaysia ($6.41M), and Ecuador ($4.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Argentina$1.79M (8.24%)
United Kingdom$5.95k (1%)
Bolivia$2.39k (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Brazil WERE (2022 - 2023):
United States-$355k (-18%)
Canada-$311k (-100%)
Chile-$269k (-12.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.32B
Netherlands $781M
Ghana $440M
In 2023, Brazil's main importing competitors in Cocoa Paste were:
United States $560M
Germany $452M
Netherlands $405M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.04M
TOP IMPORT POTENTIALCote d'Ivoire+ $6.18M

Cocoa Paste’s highest export potential is United States. With an export gap of $2.04M.   Cocoa Paste’s highest import potential is Cote d'Ivoire with an import gap of $6.18M.

See methodology.

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