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2023
Exports $67.2MWorld Rnk 12 / 153
Flag Rnk 778 / 1217
2023
Destination $2.96M Canada
2022 - 2023
FASTEST GROWING MARKET $2.96MCanada
2023
PRODUCT COMPLEXITY IN Cocoa Powder-0.7Rnk 759 / 1025
2023
Imports $388MWorld Rnk 1 / 214
Flag Rnk 591 / 1215
2023
Origin $16.9M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $16.9MGhana
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $67.2M in Cocoa Powder, making it the 12th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 778th most exported product in United States. The main destination of Cocoa Powder exports from United States are: Canada ($41.6M), Mexico ($11M), Saudi Arabia ($1.99M), Guatemala ($1.83M), and Costa Rica ($1.04M).

The fastest growing export markets for Cocoa Powder of United States between 2022 and 2023 were Canada ($2.96M), Mexico ($678k), and Spain ($278k).

Imports In 2023, United States imported $388M in Cocoa Powder, becoming the 1st largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 591st most imported product in United States. United States imports Cocoa Powder primarily from: Netherlands ($196M), Malaysia ($48.4M), Spain ($35.5M), Ghana ($35.1M), and France ($26.9M).

The fastest growing import markets in Cocoa Powder for United States between 2022 and 2023 were Ghana ($16.9M), Malaysia ($3.82M), and Spain ($2.9M).

COMPANIES In 2023, leading companies such as Barry Callebaut (363), Del Monte Foods (2), and Walgreens (1) were at the forefront of shipping Cocoa Powder to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Cocoa Powder exports accounted up to $12.5M and imports accounted up to $41M, resulting in a negative trade balance of $28.5M. Between November 2023 and November 2024 the exports of United States'   Cocoa Powder have increased by $940k (8.15%) from $11.5M to $12.5M, while imports increased by $12.7M (45.1%) from $28.3M to $41M.

Destinations In November 2024, Cocoa Powder were exported mostly to Canada ($7.02M), Mexico ($3.44M), Spain ($1.36M), Japan ($209k), and Guatemala ($149k), and were imported mostly from Netherlands ($21.2M), France ($5.08M), Spain ($3.69M), Malaysia ($3.19M), and Mexico ($1.94M).

Growth In November 2024, the increase in Cocoa Powder's year-by-year exports was explained primarily by an increase in exports to Canada ($2.32M or 52.1%), Japan ($67.2k or 273%), and Dominican Republic ($3.57k or 39.2%). In November 2024, the increase in Cocoa Powder's year-by-year imports was explained primarily by an increase in imports from Ghana ($4.27M or 160%), Spain ($3.89M or 331%), and Malaysia ($3.44M or 203%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$940k(8.15%)
IMPORT GROWTH (November 2023 - November 2024)$12.7M(45.1%)
MAIN EXPORTER (November 2024)Pennsylvania$6.58M
MAIN DESTINATION (November 2024)Canada$7.02M

This section shows Cocoa Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$67.2M
IMPORTS (2023)$388M
NET TRADE (2023)-$321M

In 2023, United States exported $67.2M in Cocoa Powder. The main destinations of United States exports on Cocoa Powder were Canada ($41.6M), Mexico ($11M), Saudi Arabia ($1.99M), Guatemala ($1.83M), and Costa Rica ($1.04M).

In 2023, United States imported $388M in Cocoa Powder, mainly from Netherlands ($196M), Malaysia ($48.4M), Spain ($35.5M), Ghana ($35.1M), and France ($26.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$2.96M (7.67%)
Mexico$678k (6.56%)
Spain$278k (5.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY United States WERE (2022 - 2023):
Brazil-$1.62M (-98.2%)
China-$659k (-46.2%)
Dominican Republic-$543k (-75.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Cocoa Powder were:
Netherlands $933M
Malaysia $462M
Germany $360M
In 2023, United States's main importing competitors in Cocoa Powder were:
Netherlands $197M
China $175M

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.63M
TOP IMPORT POTENTIALGhana+ $7.26M

Cocoa Powder’s highest export potential is China. With an export gap of $1.63M.   Cocoa Powder’s highest import potential is Ghana with an import gap of $7.26M.

See methodology.

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