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Cocoa beans; whole or broken, raw or roasted

1801 (Harmonized System 1992 for 4-digit)

2023
World Trade $9.91BRnk 367 / 1217
2023
Top Exporter | Top Importer $3.68B | $2.21BCote d'Ivoire | Netherlands
2023
Product Complexity -3.12Rnk 1044 / 1044
2022 - 2023
Export Growth (CAGR) 16.7%Rnk 84 / 1217
2023
Share of World Trade 0.044%Rnk 367 / 1217

About

Overview This page contains the latest trade data of Cocoa Beans. In 2023, Cocoa Beans were the world's 367th most traded product, with a total trade of $9.91B. Between 2022 and 2023 the exports of Cocoa Beans grew by 16.7%, from $8.49B to $9.91B. Trade in Cocoa Beans represent 0.044% of total world trade.

Cocoa Beans are a part of Cocoa & cocoa preparations. They include Cocoa Beans (Raw/Roasted, Whole/Broken).

Exports In 2023 the top exporters of Cocoa Beans  were Cote d'Ivoire ($3.68B), Ecuador ($1.14B), Ghana ($1.09B), Nigeria ($763M), and Cameroon ($719M).

Imports In 2023 the top importers of Cocoa Beans were Netherlands ($2.21B), Malaysia ($1.42B), Germany ($867M), United States ($793M), and Indonesia ($731M).

Ranking Cocoa Beans ranks 1044th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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

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

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* 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)Cote d'Ivoire$3.68B
Top Destination (2023)Netherlands$2.21B

In 2023 Cocoa Beans were the world's 367th most traded product (out of 1,217).

In 2023, the top exporters of Cocoa Beans were Cote d'Ivoire ($3.68B), Ecuador ($1.14B), Ghana ($1.09B), Nigeria ($763M), and Cameroon ($719M).

In 2023, the top importers of Cocoa Beans were Netherlands ($2.21B), Malaysia ($1.42B), Germany ($867M), United States ($793M), and Indonesia ($731M).

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Exporters of Cocoa Beans (2023)
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Importers of Cocoa Beans (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Nigeria$274M
Top Destination Growth (2022 -  2023)Netherlands$611M

Between 2022 and 2023, the exports of Cocoa Beans grew the fastest in Nigeria ($274M), Cote d'Ivoire ($241M), Cameroon ($238M), Ecuador ($188M), and Belgium ($148M).

Between 2022 and 2023, the fastest growing importers of Cocoa Beans were Netherlands ($611M), Malaysia ($359M), Indonesia ($185M), Germany ($145M), and Turkey ($101M).

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Exporters of Cocoa Beans (2022 - 2023)

Importers of Cocoa Beans (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cocoa Beans.

In 2023, market concentration measured using Shannon Entropy, was 3.36. This means that most of the exports of Cocoa Beans are explained by 10 countries.

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Value of Exports in Cocoa Beans

Net Trade

TOP NET EXPORTER (2023)Cote d'Ivoire$3.68B
TOP NET IMPORTER (2023)Netherlands$1.81B

This map shows which countries export or import more of Cocoa Beans. Each country is colored based on the difference in exports and imports of Cocoa Beans during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cocoa Beans were Cote d'Ivoire ($3.68B), Ecuador ($1.14B), Ghana ($1.07B), Nigeria ($763M), and Cameroon ($719M).

In 2023, the countries that had a largest trade value in imports than in exports of Cocoa Beans were Netherlands ($1.81B), Malaysia ($1.38B), Germany ($847M), United States ($790M), and Indonesia ($653M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Cocoa Beans by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndonesia+ $13.8M
TOP IMPORT POTENTIALNigeria+ $964

Cocoa Beans’s highest export potential is Indonesia. With an export gap of $13.8M.  Cocoa Beans’s highest import potential is Nigeria with an import gap of $964.

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 Cocoa Beans.

Country by Relatedness

The following visualization shows the relatedness of Cocoa Beans 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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