2023
Exports
$87.3MWorld Rnk 42 / 202
Flag Rnk 53 / 1150
2023
PRODUCT COMPLEXITY IN Chocolate
0.3Rnk 459 / 1025
2023
Imports
$56.1MWorld Rnk 74 / 225
Flag Rnk 212 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $87.3M in Chocolate, making it the 42nd largest exporter of Chocolate in the world. At the same year, Chocolate was the 53rd most exported product in Colombia. The main destination of Chocolate exports from Colombia are: United States ($20.9M), Ecuador ($16.6M), Venezuela ($9.77M), Chile ($5.89M), and Mexico ($3.82M).

The fastest growing export markets for Chocolate of Colombia between 2022 and 2023 were United States ($1.38M), Mexico ($918k), and Chile ($747k).

Imports In 2023, Colombia imported $56.1M in Chocolate, becoming the 74th largest importer of Chocolate in the world. At the same year, Chocolate was the 212th most imported product in Colombia. Colombia imports Chocolate primarily from: United States ($15.8M), Mexico ($7.21M), Germany ($7.06M), Brazil ($5.66M), and Ecuador ($5.47M).

The fastest growing import markets in Chocolate for Colombia between 2022 and 2023 were Germany ($1.32M), Peru ($739k), and Mexico ($249k).

COMPANIES In 2024, leading companies such as Rothfos (11), Goya Foods (2), and Dow Chemical (1) were at the forefront of shipping Chocolate from Colombia to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$87.3M
IMPORTS (2023)$56.1M
NET TRADE (2023)$31.2M

In 2023, Colombia exported $87.3M in Chocolate. The main destinations of Colombia exports on Chocolate were United States ($20.9M), Ecuador ($16.6M), Venezuela ($9.77M), Chile ($5.89M), and Mexico ($3.82M).

In 2023, Colombia imported $56.1M in Chocolate, mainly from United States ($15.8M), Mexico ($7.21M), Germany ($7.06M), Brazil ($5.66M), and Ecuador ($5.47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
United States$1.38M (7.08%)
Mexico$918k (31.6%)
Chile$747k (14.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Colombia WERE (2022 - 2023):
United Kingdom-$1.14M (-27.5%)
Peru-$1.13M (-24.9%)
Panama-$598k (-15.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Colombia's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.7M
TOP IMPORT POTENTIALGermany+ $4.33M

Chocolate’s highest export potential is United States. With an export gap of $12.7M.   Chocolate’s highest import potential is Germany with an import gap of $4.33M.

See methodology.

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