HS Icon Chocolate

1806 (Harmonized System 1992 for 4-digit)

World Trade (2018): $29.2B, Rnk 129 / 1225

Top Exporter (2018): $5.17B, Germany

Top Importer (2018): $2.76B, United States

Product Complexity (2018): 0.091, Rnk 513 / 1018

Export Growth (CAGR)(2017 - 2018): 10%, Rnk 773 / 1225

Mean Tariff (2018): 32.8%, Rnk 14 / 1259

Share of World Trade (2018): 0.16%, Rnk 129 / 1225

Overview: In 2018, Chocolate were the world's 129th most traded product, with a total trade of $29.2B. Between 2017 and 2018 the exports of Chocolate grew by 10%, from  $26.5B to $29.2B. Trade in Chocolate represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Chocolate  were Germany ($5.17B), Belgium-Luxembourg ($3.13B), Italy ($2.1B), Netherlands ($1.93B), and Poland ($1.74B).

Imports: In 2018 the top importers of Chocolate were United States ($2.76B), Germany ($2.36B), France ($2.31B), United Kingdom ($2.28B), and Netherlands ($1.41B).

Tariffs: In 2018 the average tariff for Chocolate was 32.8%, been the 14 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chocolate are Austria (112%), Iran (71%), Bulgaria (53.5%), Syria (50.6%), and Canada (50.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Chocolate ranks 513th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $5.17B

Top Destination (2018): United States, $2.76B

Chocolate are the world's 129th most traded product.

In 2018, the top exporters of Chocolate were Germany ($5.17B), Belgium-Luxembourg ($3.13B), Italy ($2.1B), Netherlands ($1.93B), and Poland ($1.74B).

In 2018, the top importers of Chocolate were United States ($2.76B), Germany ($2.36B), France ($2.31B), United Kingdom ($2.28B), and Netherlands ($1.41B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $656M

Top Destination Growth (2017 - 2018): United Kingdom, $258M

Between 2017 and 2018, the exports of Chocolate grew the fastest in Germany ($656M), Netherlands ($265M), Poland ($247M), United Arab Emirates ($206M), and Croatia ($146M).

Between 2017 and 2018, the fastest growing importers of Chocolate were United Kingdom ($258M), Saudi Arabia ($204M), Canada ($163M), France ($141M), and Netherlands ($128M).

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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 Chocolate.

In 2018,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Chocolate are explained by 24 countries.

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TOP NET EXPORTER (2018): Germany, $2.81B

TOP NET IMPORTER (2018): United Kingdom, $1.31B

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

In 2018, the countries that had a largest trade value in exports than in imports of Chocolate were Germany ($2.81B), Belgium-Luxembourg ($2.18B), Italy ($1.49B), Poland ($876M), and Switzerland ($621M).

In 2018, the countries that had a largest trade value in imports than in exports of Chocolate were United Kingdom ($1.31B), United States ($1.12B), France ($865M), Japan ($471M), and Saudi Arabia ($455M).

Trade Forecasts

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This section shows forecasts for total trade for Chocolate. 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 Chocolate was 32.8%.  The countries with the highest tariffs for importing Chocolate were Austria (112%), Iran (71%), Bulgaria (53.5%), Syria (50.6%), and Canada (50.1%).

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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.