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2022
Exports $49MWorld Rnk 15 / 105
Flag Rnk 869 / 1217
2022
Destination $8.68M Canada
2021 - 2022
FASTEST GROWING MARKET $8.68MCanada
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $489MWorld Rnk 1 / 169
Flag Rnk 546 / 1216
2022
Origin $29.7M Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $29.7MGhana
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $49M in Cocoa Paste, making it the 15th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 869th most exported product in United States. The main destination of Cocoa Paste exports from United States are: Canada ($41M), Mexico ($4.9M), Brazil ($1.51M), Russia ($634k), and Bulgaria ($407k).

The fastest growing export markets for Cocoa Paste of United States between 2021 and 2022 were Canada ($8.68M), Bulgaria ($234k), and Indonesia ($47k).

Imports In 2022, United States imported $489M in Cocoa Paste, becoming the 1st largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 546th most imported product in United States. United States imports Cocoa Paste primarily from: Cote d'Ivoire ($249M), Ghana ($87.5M), Cameroon ($33.5M), Canada ($32.9M), and Ecuador ($30.2M).

The fastest growing import markets in Cocoa Paste for United States between 2021 and 2022 were Ghana ($29.7M), Cote d'Ivoire ($21.6M), and Indonesia ($15.9M).

COMPANIES In 2023, leading companies such as Barry Callebaut (197), Wismettac Asian Foods (49), and Goya Foods (14) were at the forefront of shipping Cocoa Paste to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Cocoa Paste exports accounted up to $7.7M and imports accounted up to $35.6M, resulting in a negative trade balance of $27.9M. Between June 2023 and June 2024 the exports of United States'   Cocoa Paste have increased by $1.72M (28.7%) from $5.98M to $7.7M, while imports increased by $363k (1.03%) from $35.3M to $35.6M.

Destinations In June 2024, Cocoa Paste were exported mostly to Canada ($7.34M), Brazil ($170k), Netherlands ($73.3k), Mexico ($56.3k), and El Salvador ($51.1k), and were imported mostly from Cote d'Ivoire ($17.6M), Canada ($4.99M), Ghana ($3.91M), Cameroon ($3.77M), and Ecuador ($2.42M).

Growth In June 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to Mexico ($54.2k or 42.6%). In June 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Ghana ($6.06M or 224%), Cote d'Ivoire ($5.74M or 21.5%), and Ecuador ($3.12M or 242%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.72M(28.7%)
IMPORT GROWTH (June 2023 - June 2024)$363k(1.03%)
MAIN EXPORTER (June 2024)Pennsylvania$4.78M
MAIN DESTINATION (June 2024)Canada$7.34M

This section shows Cocoa Paste'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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49M
IMPORTS (2022)$489M
NET TRADE (2022)-$440M

In 2022, United States exported $49M in Cocoa Paste. The main destinations of United States exports on Cocoa Paste were Canada ($41M), Mexico ($4.9M), Brazil ($1.51M), Russia ($634k), and Bulgaria ($407k).

In 2022, United States imported $489M in Cocoa Paste, mainly from Cote d'Ivoire ($249M), Ghana ($87.5M), Cameroon ($33.5M), Canada ($32.9M), and Ecuador ($30.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$8.68M (26.8%)
Bulgaria$234k (136%)
Indonesia$47k (231%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY United States WERE (2021 - 2022):
Russia-$4.75M (-88.2%)
Mexico-$1.57M (-24.2%)
Brazil-$364k (-19.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, United States's main importing competitors in Cocoa Paste were:
Netherlands $443M
Germany $329M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $608k
TOP IMPORT POTENTIALGhana+ $21.7M

Cocoa Paste’s highest export potential is Brazil. With an export gap of $608k.   Cocoa Paste’s highest import potential is Ghana with an import gap of $21.7M.

See methodology.

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