Overview This page contains the latest trade data of Cocoa Beans. In 2019, Cocoa Beans were the world's 329th most traded product, with a total trade of $9.56B. Between 2018 and 2019 the exports of Cocoa Beans grew by 3.32%, from $9.25B to $9.56B. Trade in Cocoa Beans represent 0.053% of total world trade.

Cocoa Beans are a part of Cocoa and cocoa preparations. They include Cocoa beans, whole or broken, raw or roasted.

Exports In 2019 the top exporters of Cocoa Beans  were Cote d'Ivoire ($3.84B), Ghana ($1.61B), Nigeria ($715M), Ecuador ($668M), and Cameroon ($647M).

Imports In 2019 the top importers of Cocoa Beans were Netherlands ($2.2B), Germany ($991M), Malaysia ($895M), United States ($869M), and Belgium ($729M).

Tariffs In 2018 the average tariff for Cocoa Beans was 6.16%, making it the 688th 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 959th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Cocoa Beans. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using October 2021 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Cote d'Ivoire, $3.84B

Top Destination (2019): Netherlands, $2.2B

Cocoa Beans are the world's 329th most traded product.

In 2019, the top exporters of Cocoa Beans were Cote d'Ivoire ($3.84B), Ghana ($1.61B), Nigeria ($715M), Ecuador ($668M), and Cameroon ($647M).

In 2019, the top importers of Cocoa Beans were Netherlands ($2.2B), Germany ($991M), Malaysia ($895M), United States ($869M), and Belgium ($729M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Cote d'Ivoire, $298M

Top Destination Growth (2018 - 2019): Belgium, $176M

Between 2018 and 2019, the exports of Cocoa Beans grew the fastest in Cote d'Ivoire ($298M), Cameroon ($151M), Nigeria ($96.9M), Democratic Republic of the Congo ($21.7M), and Dominican Republic ($21M).

Between 2018 and 2019, the fastest growing importers of Cocoa Beans were Belgium ($176M), Malaysia ($77.4M), Netherlands ($46.4M), Canada ($42.3M), and China ($38.7M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Cocoa Beans are explained by 8 countries.

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TOP NET EXPORTER (2019): Cote d'Ivoire, $3.84B

TOP NET IMPORTER (2019): Netherlands, $1.88B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cocoa Beans were Cote d'Ivoire ($3.84B), Ghana ($1.58B), Nigeria ($715M), Ecuador ($668M), and Cameroon ($647M).

In 2019, the countries that had a largest trade value in imports than in exports of Cocoa Beans were Netherlands ($1.88B), Germany ($956M), United States ($852M), Malaysia ($707M), and Indonesia ($523M).

Disaggregation

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Value

In 2019, the world most traded Cocoa Beans, disaggragated by their HS6 level were Cocoa beans, whole or broken, raw... ($9.56B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Cocoa Beans.
It is possible to select the main countries that export or import Cocoa Beans in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Cocoa Beans was 6.16%. 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%).

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 Cocoa Beans to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.