HS Icon Cocoa & cocoa preparations

Cocoa and cocoa preparations

18 (Harmonized System 1992 for 2-digit)

Overview This page contains the latest trade data of Cocoa & cocoa preparations. In 2021, Cocoa & cocoa preparations were the world's 56th most traded product, with a total trade of $55.2B. Between 2020 and 2021 the exports of Cocoa & cocoa preparations grew by 10.8%, from $49.8B to $55.2B. Trade in Cocoa & cocoa preparations represent 0.26% of total world trade.

Cocoa & cocoa preparations are a part of Foodstuffs. They include Cocoa & cocoa preparations.

Exports In 2021 the top exporters of Cocoa & cocoa preparations  were Germany ($6.77B), Netherlands ($5.64B), Cote d'Ivoire ($5.51B), Belgium ($3.54B), and Italy ($2.56B).

Imports In 2021 the top importers of Cocoa & cocoa preparations were United States ($5.73B), Netherlands ($4.64B), Germany ($4.53B), France ($3.82B), and United Kingdom ($2.96B).

Tariffs In 2018 the average tariff for Cocoa & cocoa preparations was 18.8%, making it the 14th lowest tariff using the HS2 product classification.

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

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Flow
Y-AXIS SCALE

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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $6.77B

Top Destination (2021): United States, $5.73B

Cocoa & cocoa preparations are the world's 56th most traded product.

In 2021, the top exporters of Cocoa & cocoa preparations were Germany ($6.77B), Netherlands ($5.64B), Cote d'Ivoire ($5.51B), Belgium ($3.54B), and Italy ($2.56B).

In 2021, the top importers of Cocoa & cocoa preparations were United States ($5.73B), Netherlands ($4.64B), Germany ($4.53B), France ($3.82B), and United Kingdom ($2.96B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Germany, $721M

Top Destination Growth (2020 -  2021): United States, $526M

Between 2020 and 2021, the exports of Cocoa & cocoa preparations grew the fastest in Germany ($721M), Netherlands ($707M), Belgium ($563M), Italy ($382M), and Ghana ($316M).

Between 2020 and 2021, the fastest growing importers of Cocoa & cocoa preparations were United States ($526M), Netherlands ($482M), France ($437M), Malaysia ($285M), and Italy ($226M).

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Market Concentration

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Cumulative market share

Value

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

In 2021, 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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TOP NET EXPORTER (2021): Cote d'Ivoire, $5.5B

TOP NET IMPORTER (2021): United States, $3.83B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Cocoa & cocoa preparations were Cote d'Ivoire ($5.5B), Ghana ($2.46B), Germany ($2.24B), Netherlands ($1B), and Belgium ($999M).

In 2021, the countries that had a largest trade value in imports than in exports of Cocoa & cocoa preparations were United States ($3.83B), United Kingdom ($1.83B), France ($1.55B), Japan ($826M), and Saudi Arabia ($554M).

Disaggregation

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Value
Disaggregation

In 2021, the world most traded Cocoa & cocoa preparations, disaggragated by their HS6 level were Cocoa & cocoa preparations ($55.2B)

Country Comparison

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Flow
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.

Product Complexity

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Diversification Frontier

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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.