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2022
Exports $21.5MWorld Rnk 16 / 147
Flag Rnk 660 / 1210
2022
Destination $784k Brazil
2021 - 2022
FASTEST GROWING MARKET $784kUnited States
2022
PRODUCT COMPLEXITY IN Cocoa Powder-0.69Rnk 755 / 1025
2022
Imports $79.5MWorld Rnk 13 / 215
Flag Rnk 615 / 1213
2022
Origin $3.26M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.26MIndonesia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $21.5M in Cocoa Powder, making it the 16th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 660th most exported product in Canada. The main destination of Cocoa Powder exports from Canada are: Brazil ($6.71M), Turkey ($5.22M), Mexico ($3.67M), Australia ($3.09M), and United States ($2.49M).

The fastest growing export markets for Cocoa Powder of Canada between 2021 and 2022 were United States ($784k), Malaysia ($87.6k), and China ($72.2k).

Imports In 2022, Canada imported $79.5M in Cocoa Powder, becoming the 13th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 615th most imported product in Canada. Canada imports Cocoa Powder primarily from: United States ($51.7M), Netherlands ($9.64M), Malaysia ($4.54M), Indonesia ($4.53M), and Spain ($2.35M).

The fastest growing import markets in Cocoa Powder for Canada between 2021 and 2022 were Indonesia ($3.26M), United States ($2.07M), and Netherlands ($1.48M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Cocoa Powder exports accounted up to C$4.93M and imports accounted up to C$13.8M, resulting in a negative trade balance of C$8.91M. Between August 2023 and August 2024 the exports of Canada's   Cocoa Powder have increased by C$1.91M (63.4%) from C$3.02M to C$4.93M, while imports increased by C$3.63M (35.6%) from C$10.2M to C$13.8M.

Destinations In August 2024, Cocoa Powder were exported mostly to Poland (C$2.62M), Brazil (C$851k), Australia (C$699k), Mexico (C$428k), and Turkey (C$278k), and were imported mostly from United States (C$6.23M), Netherlands (C$2.58M), Malaysia (C$1.26M), Spain (C$1.21M), and France (C$634k).

Growth In August 2024, the increase in Cocoa Powder's year-by-year exports was explained primarily by an increase in exports to Turkey (C$1.73M or 493%), Australia (C$32.5k or 10.4%), and Brazil (C$20.4k or 2.85%). In August 2024, the increase in Cocoa Powder's year-by-year imports was explained primarily by an increase in imports from United States (C$1.63M or 48.5%), Indonesia (C$1.52M or 1.77k%), and Malaysia (C$649k or 61.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$1.91M(63.4%)
IMPORT GROWTH (August 2023 - August 2024)C$3.63M(35.6%)
MAIN EXPORTER (August 2024)OntarioC$5.43M
MAIN DESTINATION (August 2024)PolandC$2.62M

This section shows Cocoa Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.5M
IMPORTS (2022)$79.5M
NET TRADE (2022)-$58M

In 2022, Canada exported $21.5M in Cocoa Powder. The main destinations of Canada exports on Cocoa Powder were Brazil ($6.71M), Turkey ($5.22M), Mexico ($3.67M), Australia ($3.09M), and United States ($2.49M).

In 2022, Canada imported $79.5M in Cocoa Powder, mainly from United States ($51.7M), Netherlands ($9.64M), Malaysia ($4.54M), Indonesia ($4.53M), and Spain ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$784k (46%)
Malaysia$87.6k (1%)
China$72.2k (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Canada WERE (2021 - 2022):
Poland-$2.17M (-100%)
Turkey-$1.61M (-23.5%)
Australia-$1.15M (-27.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cocoa Powder were:
Netherlands $846M
Malaysia $419M
Germany $325M
In 2022, Canada's main importing competitors in Cocoa Powder were:
United States $363M
Netherlands $168M
China $151M

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.63M
TOP IMPORT POTENTIALIndonesia+ $1.82M

Cocoa Powder’s highest export potential is United States. With an export gap of $3.63M.   Cocoa Powder’s highest import potential is Indonesia with an import gap of $1.82M.

See methodology.

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