Overview:  This page contains the latest trade data of Chocolate. In 2019, Chocolate were the world's 124th most traded product, with a total trade of $29.6B. Between 2018 and 2019 the exports of Chocolate grew by 0.95%, from $29.3B to $29.6B. Trade in Chocolate represent 0.16% of total world trade.

Exports: In 2019 the top exporters of Chocolate  were Germany ($5.14B), Belgium ($3.16B), Italy ($2.13B), Netherlands ($1.9B), and Poland ($1.83B).

Imports: In 2019 the top importers of Chocolate were United States ($2.98B), Germany ($2.35B), France ($2.27B), United Kingdom ($2.23B), and Netherlands ($1.34B).

Tariffs: In 2018 the average tariff for Chocolate was 32.8%, making it the 14th 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 494th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $5.14B

Top Destination (2019): United States, $2.98B

Chocolate are the world's 124th most traded product.

In 2019, the top exporters of Chocolate were Germany ($5.14B), Belgium ($3.16B), Italy ($2.13B), Netherlands ($1.9B), and Poland ($1.83B).

In 2019, the top importers of Chocolate were United States ($2.98B), Germany ($2.35B), France ($2.27B), United Kingdom ($2.23B), and Netherlands ($1.34B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $148M

Top Destination Growth (2018 - 2019): United States, $221M

Between 2018 and 2019, the exports of Chocolate grew the fastest in Canada ($148M), Poland ($88.5M), Russia ($88.3M), Egypt ($78.3M), and Mexico ($76.2M).

Between 2018 and 2019, the fastest growing importers of Chocolate were United States ($221M), Libya ($60.1M), United Arab Emirates ($58M), Romania ($43M), and China ($41M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Chocolate are explained by 25 countries.

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TOP NET EXPORTER (2019): Germany, $2.79B

TOP NET IMPORTER (2019): United States, $1.35B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Chocolate were Germany ($2.79B), Belgium ($2.23B), Italy ($1.5B), Poland ($956M), and Switzerland ($599M).

In 2019, the countries that had a largest trade value in imports than in exports of Chocolate were United States ($1.35B), United Kingdom ($1.24B), France ($1.03B), Saudi Arabia ($480M), and Japan ($456M).

Disaggregation

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Value

In 2019, the world most traded Chocolate, disaggragated by their HS6 level were Chocolate/cocoa food preparations nes ($14.4B), Chocolate, cocoa prep, block/slab/bar, not filled,>2k ($5.16B), Chocolate and other food preps containing... ($4.96B), Chocolate, cocoa preps, block, slab, bar,... ($4.59B), and Cocoa powder, sweetened ($468M)

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%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Chocolate to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.