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2022
Exports $98.4MWorld Rnk 9 / 147
Flag Rnk 744 / 1217
2022
Destination $2.07M Canada
2021 - 2022
FASTEST GROWING MARKET $2.07MCanada
2022
PRODUCT COMPLEXITY IN Cocoa Powder-0.69Rnk 755 / 1025
2022
Imports $363MWorld Rnk 1 / 215
Flag Rnk 632 / 1216
2022
Origin $12.9M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $12.9MNetherlands
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $98.4M in Cocoa Powder, making it the 9th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 744th most exported product in United States. The main destination of Cocoa Powder exports from United States are: Canada ($51.7M), Mexico ($27.7M), South Korea ($2.13M), Guatemala ($1.61M), and Brazil ($1.56M).

The fastest growing export markets for Cocoa Powder of United States between 2021 and 2022 were Canada ($2.07M), South Korea ($1.38M), and China ($590k).

Imports In 2022, United States imported $363M in Cocoa Powder, becoming the 1st largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 632nd most imported product in United States. United States imports Cocoa Powder primarily from: Netherlands ($202M), Malaysia ($40.9M), Spain ($30.9M), France ($29.2M), and Ghana ($18.1M).

The fastest growing import markets in Cocoa Powder for United States between 2021 and 2022 were Netherlands ($12.9M), Malaysia ($7.93M), and Spain ($5.8M).

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

August 2024

About

Overview In August 2024 United States' Cocoa Powder exports accounted up to $14.9M and imports accounted up to $43.7M, resulting in a negative trade balance of $28.7M. Between August 2023 and August 2024 the exports of United States'   Cocoa Powder have increased by $5.56M (59.3%) from $9.37M to $14.9M, while imports increased by $5.44M (14.2%) from $38.2M to $43.7M.

Destinations In August 2024, Cocoa Powder were exported mostly to Canada ($7.19M), Mexico ($5.52M), Spain ($466k), Costa Rica ($366k), and Netherlands ($266k), and were imported mostly from Netherlands ($26.9M), France ($3.48M), Spain ($2.78M), Ghana ($2.57M), and Malaysia ($2.48M).

Growth In August 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 August 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 (August 2023 - August 2024)$5.56M(59.3%)
IMPORT GROWTH (August 2023 - August 2024)$5.44M(14.2%)
MAIN EXPORTER (August 2024)Pennsylvania$6.58M
MAIN DESTINATION (August 2024)Canada$7.19M

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 (2022)$98.4M
IMPORTS (2022)$363M
NET TRADE (2022)-$264M

In 2022, United States exported $98.4M in Cocoa Powder. The main destinations of United States exports on Cocoa Powder were Canada ($51.7M), Mexico ($27.7M), South Korea ($2.13M), Guatemala ($1.61M), and Brazil ($1.56M).

In 2022, United States imported $363M in Cocoa Powder, mainly from Netherlands ($202M), Malaysia ($40.9M), Spain ($30.9M), France ($29.2M), and Ghana ($18.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$2.07M (4.18%)
South Korea$1.38M (184%)
China$590k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY United States WERE (2021 - 2022):
Mexico-$10.4M (-27.2%)
Peru-$1.75M (-69.9%)
Spain-$659k (-99.2%)
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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 Powder were:
Netherlands $846M
Malaysia $419M
Germany $325M
In 2022, United States's main importing competitors in Cocoa Powder were:
Netherlands $168M
China $151M

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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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