Chocolate1806 (Harmonized System 1992 for 4-digit)
2020 World Trade: $28.6B, Rnk 121 / 1217
2020 Top Exporter | Top Importer: $4.98B | $2.9B, Germany | United States
2020 Product Complexity: 0.15, Rnk 501 / 1028
2019 - 2020 Export Growth (CAGR): -1.97%, Rnk 409 / 1217
2018 Mean Tariff: 31.3%, Rnk 22 / 1259
2020 Share of World Trade: 0.17%, Rnk 121 / 1217
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 & 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.
Ranking Chocolate ranks 501st in the Product Complexity Index (PCI).
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2020, 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)
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.
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.
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