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Pricing

Cocoa; butter, fat and oil

1804 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.96BRnk 490 / 1217
2023
Top Exporter | Top Importer $1.74B | $853MNetherlands | Germany
2023
Product Complexity -1.31Rnk 933 / 1044
2022 - 2023
Export Growth (CAGR) 12.7%Rnk 118 / 1217
2023
Share of World Trade 0.026%Rnk 490 / 1217

About

Overview This page contains the latest trade data of Cocoa Butter. In 2023, Cocoa Butter were the world's 490th most traded product, with a total trade of $5.96B. Between 2022 and 2023 the exports of Cocoa Butter grew by 12.7%, from $5.29B to $5.96B. Trade in Cocoa Butter represent 0.026% of total world trade.

Cocoa Butter are a part of Cocoa & cocoa preparations. They include Cocoa Butter/Fat/Oil.

Exports In 2023 the top exporters of Cocoa Butter  were Netherlands ($1.74B), Cote d'Ivoire ($715M), Indonesia ($650M), Malaysia ($621M), and Germany ($447M).

Imports In 2023 the top importers of Cocoa Butter were Germany ($853M), Belgium ($638M), United States ($574M), Netherlands ($505M), and France ($441M).

Ranking Cocoa Butter ranks 933rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cocoa Butter. 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)Netherlands$1.74B
Top Destination (2023)Germany$853M

In 2023 Cocoa Butter were the world's 490th most traded product (out of 1,217).

In 2023, the top exporters of Cocoa Butter were Netherlands ($1.74B), Cote d'Ivoire ($715M), Indonesia ($650M), Malaysia ($621M), and Germany ($447M).

In 2023, the top importers of Cocoa Butter were Germany ($853M), Belgium ($638M), United States ($574M), Netherlands ($505M), and France ($441M).

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

Color
Top Origin Growth (2022 -  2023)Netherlands$282M
Top Destination Growth (2022 -  2023)Belgium$116M

Between 2022 and 2023, the exports of Cocoa Butter grew the fastest in Netherlands ($282M), Cote d'Ivoire ($196M), France ($59.6M), Malaysia ($41.4M), and Germany ($40.5M).

Between 2022 and 2023, the fastest growing importers of Cocoa Butter were Belgium ($116M), Germany ($85.1M), Poland ($73.9M), United Kingdom ($53.4M), and France ($48.5M).

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Exporters of Cocoa Butter (2022 - 2023)

Importers of Cocoa Butter (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Cocoa Butter are explained by 12 countries.

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Value of Exports in Cocoa Butter

Net Trade

TOP NET EXPORTER (2023)Netherlands$1.24B
TOP NET IMPORTER (2023)Belgium$596M

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

In 2023, the countries that had a largest trade value in exports than in imports of Cocoa Butter were Netherlands ($1.24B), Cote d'Ivoire ($715M), Indonesia ($645M), Malaysia ($602M), and Ghana ($255M).

In 2023, the countries that had a largest trade value in imports than in exports of Cocoa Butter were Belgium ($596M), United States ($502M), Germany ($406M), Poland ($356M), and United Kingdom ($272M).

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 Butter.
It is possible to select the main countries that export or import Cocoa Butter in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $13.5M
TOP IMPORT POTENTIALGermany+ $13.1M

Cocoa Butter’s highest export potential is United States. With an export gap of $13.5M.  Cocoa Butter’s highest import potential is Germany with an import gap of $13.1M.

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 Butter.

Country by Relatedness

The following visualization shows the relatedness of Cocoa Butter 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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