HS Icon Cocoa Beans

1801 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.2B, Rnk 346 / 1225

Top Exporter (2018): $3.53B, Cote d'Ivoire

Top Importer (2018): $2.15B, Netherlands

Product Complexity (2018): -2.56, Rnk 1015 / 1018

Export Growth (CAGR)(2017 - 2018): -1.58%, Rnk 1116 / 1225

Mean Tariff (2018): 6.19%, Rnk 681 / 1259

Share of World Trade (2018): 0.05%, Rnk 346 / 1225

Overview:  This page contains the latest trade data of Cocoa Beans. In 2018, Cocoa Beans were the world's 346th most traded product, with a total trade of $9.2B. Between 2017 and 2018 the exports of Cocoa Beans decreased by -1.58%, from  $9.35B to $9.2B. Trade in Cocoa Beans represent 0.05% of total world trade.

Exports: In 2018 the top exporters of Cocoa Beans  were Cote d'Ivoire ($3.53B), Ghana ($1.78B), Ecuador ($674M), Nigeria ($621M), and Cameroon ($492M).

Imports: In 2018 the top importers of Cocoa Beans were Netherlands ($2.15B), Germany ($1B), United States ($927M), Malaysia ($812M), and Indonesia ($628M).

Tariffs: In 2018 the average tariff for Cocoa Beans was 6.19%, been the 681 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cocoa Beans are Bahamas (36.8%), Tunisia (36%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and Armenia (0%).

Ranking: Cocoa Beans ranks 1015th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Cote d'Ivoire, $3.53B

Top Destination (2018): Netherlands, $2.15B

Cocoa Beans are the world's 346th most traded product.

In 2018, the top exporters of Cocoa Beans were Cote d'Ivoire ($3.53B), Ghana ($1.78B), Ecuador ($674M), Nigeria ($621M), and Cameroon ($492M).

In 2018, the top importers of Cocoa Beans were Netherlands ($2.15B), Germany ($1B), United States ($927M), Malaysia ($812M), and Indonesia ($628M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Malaysia, $124M

Top Destination Growth (2017 - 2018): Canada, $174M

Between 2017 and 2018, the exports of Cocoa Beans grew the fastest in Malaysia ($124M), Netherlands ($96.2M), Belgium-Luxembourg ($68.9M), Ecuador ($54.4M), and Dominican Republic ($22.5M).

Between 2017 and 2018, the fastest growing importers of Cocoa Beans were Canada ($174M), Indonesia ($165M), Malaysia ($126M), Singapore ($101M), and Austria ($77.8M).

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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 Beans.

In 2018,  market concentration measured using Shannon Entropy, was 3.15. This means that most of the exports of Cocoa Beans are explained by 8 countries.

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TOP NET EXPORTER (2018): Cote d'Ivoire, $3.53B

TOP NET IMPORTER (2018): Netherlands, $1.81B

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

In 2018, the countries that had a largest trade value in exports than in imports of Cocoa Beans were Cote d'Ivoire ($3.53B), Ghana ($1.77B), Ecuador ($674M), Nigeria ($621M), and Cameroon ($492M).

In 2018, the countries that had a largest trade value in imports than in exports of Cocoa Beans were Netherlands ($1.81B), Germany ($973M), United States ($913M), Malaysia ($537M), and Indonesia ($536M).

Trade Forecasts

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This section shows forecasts for total trade for Cocoa Beans. 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 Beans was 6.19%.  The countries with the highest tariffs for importing Cocoa Beans were Bahamas (36.8%), Tunisia (36%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%).

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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.