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2023
Exports $2.09BWorld Rnk 5 / 202
Flag Rnk 43 / 1212
2023
Destination $94.8M United States
2022 - 2023
FASTEST GROWING MARKET $94.8MUnited States
2023
PRODUCT COMPLEXITY IN Chocolate0.3Rnk 459 / 1025
2023
Imports $1.24BWorld Rnk 6 / 225
Flag Rnk 89 / 1211
2023
Origin $42.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $42.8MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $2.09B in Chocolate, making it the 5th largest exporter of Chocolate in the world. At the same year, Chocolate was the 43rd most exported product in Canada. The main destination of Chocolate exports from Canada are: United States ($1.99B), Mexico ($42.2M), Australia ($10.7M), United Kingdom ($9.84M), and Chile ($5.21M).

The fastest growing export markets for Chocolate of Canada between 2022 and 2023 were United States ($94.8M), Mexico ($13.1M), and United Kingdom ($4.17M).

Imports In 2023, Canada imported $1.24B in Chocolate, becoming the 6th largest importer of Chocolate in the world. At the same year, Chocolate was the 89th most imported product in Canada. Canada imports Chocolate primarily from: United States ($735M), Germany ($89.7M), Belgium ($74.8M), Switzerland ($74.4M), and Italy ($65.7M).

The fastest growing import markets in Chocolate for Canada between 2022 and 2023 were United States ($42.8M), Germany ($17.8M), and Lithuania ($3.89M).

COMPANIES In 2023, leading companies such as Walmart (1) were at the forefront of shipping Chocolate from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Chocolate exports accounted up to C$355M and imports accounted up to C$173M, resulting in a positive trade balance of C$182M. Between November 2023 and November 2024 the exports of Canada's   Chocolate have increased by C$92M (35%) from C$263M to C$355M, while imports increased by C$23.3M (15.6%) from C$149M to C$173M.

Destinations In November 2024, Chocolate were exported mostly to United States (C$347M), Mexico (C$5.07M), Australia (C$863k), China (C$586k), and Costa Rica (C$371k), and were imported mostly from United States (C$108M), Belgium (C$11.7M), Switzerland (C$8.49M), Germany (C$7.2M), and Mexico (C$6.9M).

Growth In November 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to United States (C$33.1M or 19.1%), Australia (C$219k or 47.2%), and Sweden (C$25k or 6.06k%). In November 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from United States (C$11.6M or 19.7%), United Kingdom (C$11M or 540%), and Switzerland (C$4.57M or 73.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$92M(35%)
IMPORT GROWTH (November 2023 - November 2024)C$23.3M(15.6%)
MAIN EXPORTER (November 2024)QuebecC$209M
MAIN DESTINATION (November 2024)United StatesC$347M

This section shows Chocolate's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Chocolate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.09B
IMPORTS (2023)$1.24B
NET TRADE (2023)$846M

In 2023, Canada exported $2.09B in Chocolate. The main destinations of Canada exports on Chocolate were United States ($1.99B), Mexico ($42.2M), Australia ($10.7M), United Kingdom ($9.84M), and Chile ($5.21M).

In 2023, Canada imported $1.24B in Chocolate, mainly from United States ($735M), Germany ($89.7M), Belgium ($74.8M), Switzerland ($74.4M), and Italy ($65.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$94.8M (5%)
Mexico$13.1M (45.1%)
United Kingdom$4.17M (73.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Canada WERE (2022 - 2023):
Australia-$1.01M (-8.63%)
South Korea-$869k (-24.9%)
Saudi Arabia-$739k (-66.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Canada's main importing competitors in Chocolate were:
United States $4.04B
United Kingdom $3.01B
Germany $2.95B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $10.4M
TOP IMPORT POTENTIALGermany+ $26.6M

Chocolate’s highest export potential is Mexico. With an export gap of $10.4M.   Chocolate’s highest import potential is Germany with an import gap of $26.6M.

See methodology.

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