Overview This page contains the latest trade data of Chocolate. In 2020, Chocolate were the world's 121st most traded product, with a total trade of $28.6B. Between 2019 and 2020 the exports of Chocolate decreased by -1.97%, from $29.2B to $28.6B. Trade in Chocolate represent 0.17% of total world trade.

Chocolate are a part of Cocoa and cocoa preparations. They include Chocolate/cocoa food preparations nes, Chocolate, cocoa prep, block/slab/bar, not filled,>2k, Chocolate and other food preps containing cocoa > 2 k, Chocolate, cocoa preps, block, slab, bar, filled, >2k, and Cocoa powder, sweetened.

Exports In 2020 the top exporters of Chocolate  were Germany ($4.98B), Belgium ($2.7B), Italy ($2.11B), Poland ($2.03B), and Netherlands ($1.76B).

Imports In 2020 the top importers of Chocolate were United States ($2.9B), United Kingdom ($2.31B), Germany ($2.24B), France ($2.2B), and Netherlands ($1.38B).

Tariffs In 2018 the average tariff for Chocolate was 31.3%, making it the 22nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chocolate are Austria (112%), Iran (71%), Bulgaria (53.5%), Syria (50.6%), and Canada (50.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking Chocolate ranks 501st in the Product Complexity Index (PCI).

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Chocolate. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Germany, $4.98B

Top Destination (2020): United States, $2.9B

Chocolate are the world's 121st most traded product.

In 2020, the top exporters of Chocolate were Germany ($4.98B), Belgium ($2.7B), Italy ($2.11B), Poland ($2.03B), and Netherlands ($1.76B).

In 2020, the top importers of Chocolate were United States ($2.9B), United Kingdom ($2.31B), Germany ($2.24B), France ($2.2B), and Netherlands ($1.38B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): Poland, $216M

Top Destination Growth (2019 - 2020): United Kingdom, $166M

Between 2019 and 2020, the exports of Chocolate grew the fastest in Poland ($216M), France ($55.5M), Austria ($40.9M), Luxembourg ($29.9M), and Ireland ($29M).

Between 2019 and 2020, the fastest growing importers of Chocolate were United Kingdom ($166M), Poland ($128M), Netherlands ($73.7M), Belgium ($59.1M), and Israel ($48.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Chocolate.

In 2020,  market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Chocolate are explained by 25 countries.

Explore Visualizations

TOP NET EXPORTER (2020): Germany, $2.74B

TOP NET IMPORTER (2020): United States, $1.54B

This map shows which countries export or import more of Chocolate. Each country is colored based on the difference in exports and imports of Chocolate during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Chocolate were Germany ($2.74B), Belgium ($1.73B), Italy ($1.47B), Poland ($1.03B), and Canada ($596M).

In 2020, the countries that had a largest trade value in imports than in exports of Chocolate were United States ($1.54B), United Kingdom ($1.31B), France ($902M), Saudi Arabia ($505M), and Japan ($449M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Chocolate, disaggragated by their HS6 level were Chocolate/cocoa food preparations nes ($13.7B), Chocolate, cocoa prep, block/slab/bar, not filled,>2k ($5.18B), Chocolate and other food preps containing... ($5.06B), Chocolate, cocoa preps, block, slab, bar,... ($4.29B), and Cocoa powder, sweetened ($385M)

Country Comparison

#permalink to section
Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Chocolate.
It is possible to select the main countries that export or import Chocolate in the world, or by continent, as well as select the measure of interest.

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Chocolate was 31.3%. The countries with the highest tariffs for importing Chocolate were Austria (112%), Iran (71%), Bulgaria (53.5%), Syria (50.6%), and Canada (50.1%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Chocolate to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.