HS Icon Cocoa Powder

1805 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.31B, Rnk 698 / 1225

Top Exporter (2018): $677M, Netherlands

Top Importer (2018): $258M, United States

Product Complexity (2018): -0.69, Rnk 745 / 1018

Export Growth (CAGR)(2017 - 2018): -4.41%, Rnk 1135 / 1225

Mean Tariff (2018): 11.2%, Rnk 358 / 1259

Share of World Trade (2018): 0.013%, Rnk 698 / 1225

Overview:  This page contains the latest trade data of Cocoa Powder. In 2018, Cocoa Powder were the world's 698th most traded product, with a total trade of $2.31B. Between 2017 and 2018 the exports of Cocoa Powder decreased by -4.41%, from  $2.42B to $2.31B. Trade in Cocoa Powder represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Cocoa Powder  were Netherlands ($677M), Germany ($280M), Malaysia ($242M), Indonesia ($156M), and Spain ($156M).

Imports: In 2018 the top importers of Cocoa Powder were United States ($258M), Netherlands ($138M), Germany ($128M), France ($119M), and Russia ($113M).

Tariffs: In 2018 the average tariff for Cocoa Powder was 11.2%, been the 358 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cocoa Powder are Tunisia (36%), Cambodia (35%), Sudan (35%), Republic of the Congo (34.3%), and Nigeria (33.1%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Cocoa Powder ranks 745th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $677M

Top Destination (2018): United States, $258M

Cocoa Powder are the world's 698th most traded product.

In 2018, the top exporters of Cocoa Powder were Netherlands ($677M), Germany ($280M), Malaysia ($242M), Indonesia ($156M), and Spain ($156M).

In 2018, the top importers of Cocoa Powder were United States ($258M), Netherlands ($138M), Germany ($128M), France ($119M), and Russia ($113M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $28.6M

Top Destination Growth (2017 - 2018): Mexico, $21.1M

Between 2017 and 2018, the exports of Cocoa Powder grew the fastest in United States ($28.6M), Turkey ($9.04M), Germany ($8.47M), United Arab Emirates ($3.79M), and France ($3.26M).

Between 2017 and 2018, the fastest growing importers of Cocoa Powder were Mexico ($21.1M), France ($17.9M), Brazil ($11.3M), India ($9.05M), and Algeria ($5.67M).

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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 Powder.

In 2018,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Cocoa Powder are explained by 13 countries.

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TOP NET EXPORTER (2018): Netherlands, $539M

TOP NET IMPORTER (2018): United States, $191M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cocoa Powder were Netherlands ($539M), Malaysia ($212M), Germany ($152M), Spain ($129M), and Indonesia ($111M).

In 2018, the countries that had a largest trade value in imports than in exports of Cocoa Powder were United States ($191M), Russia ($108M), China ($81.6M), Italy ($53.7M), and Japan ($52.6M).

Trade Forecasts

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This section shows forecasts for total trade for Cocoa Powder. 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 Powder was 11.2%.  The countries with the highest tariffs for importing Cocoa Powder were Tunisia (36%), Cambodia (35%), Sudan (35%), Republic of the Congo (34.3%), and Nigeria (33.1%).

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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.