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Pricing

Chocolate and other food preparations containing cocoa

1806 (Harmonized System 1992 for 4-digit)

2023
World Trade $36.9BRnk 117 / 1217
2023
Top Exporter | Top Importer $6.26B | $4.04BGermany | United States
2023
Product Complexity 0.35Rnk 431 / 1044
2022 - 2023
Export Growth (CAGR) 10.1%Rnk 157 / 1217
2023
Share of World Trade 0.16%Rnk 117 / 1217

About

Overview This page contains the latest trade data of Chocolate. In 2023, Chocolate were the world's 117th most traded product, with a total trade of $36.9B. Between 2022 and 2023 the exports of Chocolate grew by 10.1%, from $33.5B to $36.9B. Trade in Chocolate represent 0.16% of total world trade.

Chocolate are a part of Cocoa & cocoa preparations. They include Miscellaneous Chocolate/Cocoa Preparations, Chocolate Products (Contains Cocoa, >2kg), Unfilled Chocolate Blocks/Bars (Contains Cocoa, >2kg), Filled Chocolate Blocks/Bars (Contains Cocoa, >2kg), and Sweetened Cocoa Powder.

Exports In 2023 the top exporters of Chocolate  were Germany ($6.26B), Belgium ($4.09B), Italy ($2.74B), Poland ($2.7B), and Canada ($2.09B).

Imports In 2023 the top importers of Chocolate were United States ($4.04B), United Kingdom ($3.01B), Germany ($2.95B), France ($2.71B), and Netherlands ($1.82B).

Ranking Chocolate ranks 431st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$6.26B
Top Destination (2023)United States$4.04B

In 2023 Chocolate were the world's 117th most traded product (out of 1,217).

In 2023, the top exporters of Chocolate were Germany ($6.26B), Belgium ($4.09B), Italy ($2.74B), Poland ($2.7B), and Canada ($2.09B).

In 2023, the top importers of Chocolate were United States ($4.04B), United Kingdom ($3.01B), Germany ($2.95B), France ($2.71B), and Netherlands ($1.82B).

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Exporters of Chocolate (2023)
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Importers of Chocolate (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$815M
Top Destination Growth (2022 -  2023)United Kingdom$442M

Between 2022 and 2023, the exports of Chocolate grew the fastest in Germany ($815M), Belgium ($645M), Poland ($315M), Italy ($196M), and France ($179M).

Between 2022 and 2023, the fastest growing importers of Chocolate were United Kingdom ($442M), Germany ($402M), France ($301M), United States ($240M), and Belgium ($195M).

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Exporters of Chocolate (2022 - 2023)

Importers of Chocolate (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.69. This means that most of the exports of Chocolate are explained by 25 countries.

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Value of Exports in Chocolate

Net Trade

TOP NET EXPORTER (2023)Germany$3.31B
TOP NET IMPORTER (2023)United States$2.32B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Chocolate were Germany ($3.31B), Belgium ($2.92B), Italy ($1.95B), Poland ($1.47B), and Canada ($846M).

In 2023, the countries that had a largest trade value in imports than in exports of Chocolate were United States ($2.32B), United Kingdom ($1.94B), France ($1B), Japan ($550M), and Saudi Arabia ($488M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Chocolate, disaggragated by their HS6 level were Miscellaneous Chocolate/Cocoa Preparations ($17.3B), Chocolate Products (Contains Cocoa, >2kg) ($6.51B), Unfilled Chocolate Blocks/Bars (Contains Cocoa, >2kg) ($6.42B), Filled Chocolate Blocks/Bars (Contains Cocoa, >2kg) ($6.31B), and Sweetened Cocoa Powder ($411M)

HS6 Disaggregation for Chocolate (2023)
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Country Comparison

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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.

Top 10 Exporters Countries of Chocolate by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMexico+ $10.4M
TOP IMPORT POTENTIALGermany+ $26.6M

Chocolate’s highest export potential is Mexico. With an export gap of $10.4M.  Chocolate’s highest import potential is Germany with an import gap of $26.6M.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Chocolate.

Country by Relatedness

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.

Relative Relatedness by Country (2023)

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