HS Icon Cocoa Paste

1803 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.21B, Rnk 611 / 1225

Top Exporter (2018): $690M, Cote d'Ivoire

Top Importer (2018): $382M, Netherlands

Product Complexity (2018): -0.59, Rnk 725 / 1018

Export Growth (CAGR)(2017 - 2018): -8.9%, Rnk 1168 / 1225

Mean Tariff (2018): 8.76%, Rnk 492 / 1259

Share of World Trade (2018): 0.017%, Rnk 611 / 1225

Overview:  This page contains the latest trade data of Cocoa Paste. In 2018, Cocoa Paste were the world's 611th most traded product, with a total trade of $3.21B. Between 2017 and 2018 the exports of Cocoa Paste decreased by -8.9%, from  $3.53B to $3.21B. Trade in Cocoa Paste represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Cocoa Paste  were Cote d'Ivoire ($690M), Netherlands ($571M), Ghana ($489M), Germany ($309M), and Indonesia ($161M).

Imports: In 2018 the top importers of Cocoa Paste were Netherlands ($382M), France ($311M), Belgium-Luxembourg ($288M), Germany ($250M), and Poland ($188M).

Tariffs: In 2018 the average tariff for Cocoa Paste was 8.76%, been the 492 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cocoa Paste are Tunisia (36%), Bahamas (35.7%), Cambodia (35%), Sudan (35%), and Sri Lanka (29.9%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cocoa Paste ranks 725th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Cote d'Ivoire, $690M

Top Destination (2018): Netherlands, $382M

Cocoa Paste are the world's 611th most traded product.

In 2018, the top exporters of Cocoa Paste were Cote d'Ivoire ($690M), Netherlands ($571M), Ghana ($489M), Germany ($309M), and Indonesia ($161M).

In 2018, the top importers of Cocoa Paste were Netherlands ($382M), France ($311M), Belgium-Luxembourg ($288M), Germany ($250M), and Poland ($188M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $108M

Top Destination Growth (2017 - 2018): Ukraine, $42.4M

Between 2017 and 2018, the exports of Cocoa Paste grew the fastest in Germany ($108M), Bulgaria ($42.9M), Belgium-Luxembourg ($22.6M), Canada ($12.5M), and Malaysia ($9.07M).

Between 2017 and 2018, the fastest growing importers of Cocoa Paste were Ukraine ($42.4M), Singapore ($13.8M), Croatia ($10.8M), United Arab Emirates ($8.56M), and Estonia ($7.74M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Cocoa Paste are explained by 13 countries.

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TOP NET EXPORTER (2018): Cote d'Ivoire, $690M

TOP NET IMPORTER (2018): Belgium-Luxembourg, $198M

This map shows which countries export or import more of Cocoa Paste. Each country is colored based on the difference in exports and imports of Cocoa Paste during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cocoa Paste were Cote d'Ivoire ($690M), Ghana ($489M), Netherlands ($189M), Indonesia ($150M), and Germany ($59.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Cocoa Paste were Belgium-Luxembourg ($198M), France ($179M), Russia ($155M), Poland ($147M), and United States ($120M).

Trade Forecasts

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This section shows forecasts for total trade for Cocoa Paste. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Cocoa Paste was 8.76%.  The countries with the highest tariffs for importing Cocoa Paste were Tunisia (36%), Bahamas (35.7%), Cambodia (35%), Sudan (35%), and Sri Lanka (29.9%).

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Product Complexity

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Diversification Frontier

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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.