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Cocoa and cocoa preparations

18 (Harmonized System 1992 for 2-digit)

2023
World Trade $61.2BRnk 53 / 96
2023
Top Exporter | Top Importer $7.36B | $6.47BGermany | United States
2023
Product Complexity -0.79Rnk 77 / 96
2022 - 2023
Export Growth (CAGR) 11.6%Rnk 6 / 96
2023
Share of World Trade 0.27%Rnk 53 / 96

About

Overview This page contains the latest trade data of Cocoa & cocoa preparations. In 2023, Cocoa & cocoa preparations were the world's 53rd most traded product, with a total trade of $61.2B. Between 2022 and 2023 the exports of Cocoa & cocoa preparations grew by 11.6%, from $54.8B to $61.2B. Trade in Cocoa & cocoa preparations represent 0.27% of total world trade.

Cocoa & cocoa preparations are a part of Foodstuffs. They include Chocolate, Cocoa Beans, Cocoa Butter, Cocoa Paste, Cocoa Powder, and Cocoa Shells.

Exports In 2023 the top exporters of Cocoa & cocoa preparations  were Germany ($7.36B), Cote d'Ivoire ($6.47B), Netherlands ($5.93B), Belgium ($4.74B), and Italy ($2.83B).

Imports In 2023 the top importers of Cocoa & cocoa preparations were United States ($6.47B), Germany ($5.29B), Netherlands ($5.14B), France ($4.05B), and United Kingdom ($3.62B).

Ranking Cocoa & cocoa preparations ranks 77th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cocoa & cocoa preparations. 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)Germany$7.36B
Top Destination (2023)United States$6.47B

In 2023 Cocoa & cocoa preparations were the world's 53rd most traded product (out of 96).

In 2023, the top exporters of Cocoa & cocoa preparations were Germany ($7.36B), Cote d'Ivoire ($6.47B), Netherlands ($5.93B), Belgium ($4.74B), and Italy ($2.83B).

In 2023, the top importers of Cocoa & cocoa preparations were United States ($6.47B), Germany ($5.29B), Netherlands ($5.14B), France ($4.05B), and United Kingdom ($3.62B).

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Exporters of Cocoa & cocoa preparations (2023)
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Importers of Cocoa & cocoa preparations (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$919M
Top Destination Growth (2022 -  2023)Netherlands$801M

Between 2022 and 2023, the exports of Cocoa & cocoa preparations grew the fastest in Germany ($919M), Cote d'Ivoire ($841M), Belgium ($830M), Netherlands ($772M), and Nigeria ($316M).

Between 2022 and 2023, the fastest growing importers of Cocoa & cocoa preparations were Netherlands ($801M), Germany ($765M), United Kingdom ($488M), Malaysia ($425M), and France ($419M).

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Exporters of Cocoa & cocoa preparations (2022 - 2023)

Importers of Cocoa & cocoa preparations (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cocoa & cocoa preparations.

In 2023, market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Cocoa & cocoa preparations are explained by 30 countries.

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Value of Exports in Cocoa & cocoa preparations

Net Trade

TOP NET EXPORTER (2023)Cote d'Ivoire$6.46B
TOP NET IMPORTER (2023)United States$4.57B

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

In 2023, the countries that had a largest trade value in exports than in imports of Cocoa & cocoa preparations were Cote d'Ivoire ($6.46B), Germany ($2.07B), Ghana ($1.93B), Belgium ($1.89B), and Ecuador ($1.24B).

In 2023, the countries that had a largest trade value in imports than in exports of Cocoa & cocoa preparations were United States ($4.57B), United Kingdom ($2.42B), France ($1.54B), Japan ($946M), and Russia ($583M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Cocoa & cocoa preparations, disaggragated by their HS6 level were Chocolate ($36.9B), Cocoa Beans ($9.91B), Cocoa Butter ($5.96B), Cocoa Paste ($4.47B), and Cocoa Powder ($3.46B)

HS6 Disaggregation for Cocoa & cocoa preparations (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Cocoa & cocoa preparations by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $18.1M
TOP IMPORT POTENTIALGermany+ $27.9M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $18.1M.  Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $27.9M.

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)

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