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Pricing

2023
Exports $34MWorld Rnk 20 / 107
Flag Rnk 546 / 1212
2023
Destination $2.9M United States
2022 - 2023
FASTEST GROWING MARKET $2.9MMexico
2023
PRODUCT COMPLEXITY IN Cocoa Paste-0.83Rnk 788 / 1025
2023
Imports $89.8MWorld Rnk 13 / 167
Flag Rnk 576 / 1211
2023
Origin $6.38M United States
2022 - 2023
FASTEST GROWING ORIGIN $6.38MCote d'Ivoire
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $34M in Cocoa Paste, making it the 20th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 546th most exported product in Canada. The main destination of Cocoa Paste exports from Canada are: United States ($30.7M), Mexico ($3.16M), Brazil ($78.1k), Estonia ($39.5k), and Switzerland ($16.5k).

The fastest growing export markets for Cocoa Paste of Canada between 2022 and 2023 were Mexico ($2.9M), United States ($900k), and Brazil ($78.1k).

Imports In 2023, Canada imported $89.8M in Cocoa Paste, becoming the 13th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 576th most imported product in Canada. Canada imports Cocoa Paste primarily from: United States ($30.2M), Cote d'Ivoire ($29.2M), Belgium ($7.43M), Ghana ($6.9M), and Ecuador ($6.02M).

The fastest growing import markets in Cocoa Paste for Canada between 2022 and 2023 were Cote d'Ivoire ($6.38M), Malaysia ($2.05M), and Dominican Republic ($1.46M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Cocoa Paste exports accounted up to C$9.65M and imports accounted up to C$17.1M, resulting in a negative trade balance of C$7.47M. Between November 2023 and November 2024 the exports of Canada's   Cocoa Paste have increased by C$6.7M (226%) from C$2.96M to C$9.65M, while imports increased by C$3.84M (29%) from C$13.3M to C$17.1M.

Destinations In November 2024, Cocoa Paste were exported mostly to United States (C$9.65M) and United Kingdom (C$6.47k), and were imported mostly from United States (C$7.41M), Belgium (C$2.89M), Cote d'Ivoire (C$2.68M), Ecuador (C$2.52M), and Germany (C$1.1M).

Growth In November 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to United States (C$734k or 28.6%). In November 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Ghana (C$1.15M or 363%), Ecuador (C$770k or 113%), and Cote d'Ivoire (C$443k or 25.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$6.7M(226%)
IMPORT GROWTH (November 2023 - November 2024)C$3.84M(29%)
MAIN EXPORTER (November 2024)QuebecC$8.75M
MAIN DESTINATION (November 2024)United StatesC$9.65M

This section shows Cocoa Paste'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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34M
IMPORTS (2023)$89.8M
NET TRADE (2023)-$55.8M

In 2023, Canada exported $34M in Cocoa Paste. The main destinations of Canada exports on Cocoa Paste were United States ($30.7M), Mexico ($3.16M), Brazil ($78.1k), Estonia ($39.5k), and Switzerland ($16.5k).

In 2023, Canada imported $89.8M in Cocoa Paste, mainly from United States ($30.2M), Cote d'Ivoire ($29.2M), Belgium ($7.43M), Ghana ($6.9M), and Ecuador ($6.02M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Mexico$2.9M (1.08k%)
United States$900k (3.02%)
Brazil$78.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Canada WERE (2022 - 2023):
Hong Kong-$145 (-72.5%)
Ghana-$75 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.32B
Netherlands $781M
Ghana $440M
In 2023, Canada'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+ $10.1M
TOP IMPORT POTENTIALCote d'Ivoire+ $8.46M

Cocoa Paste’s highest export potential is United States. With an export gap of $10.1M.   Cocoa Paste’s highest import potential is Cote d'Ivoire with an import gap of $8.46M.

See methodology.

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