2023
Exports
$69.1MWorld Rnk 47 / 202
Flag Rnk 225 / 1213
2023
PRODUCT COMPLEXITY IN Chocolate
0.3Rnk 459 / 1025
2023
Imports
$317MWorld Rnk 27 / 225
Flag Rnk 75 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $69.1M in Chocolate, making it the 47th largest exporter of Chocolate in the world. At the same year, Chocolate was the 225th most exported product in Portugal. The main destination of Chocolate exports from Portugal are: Spain ($36.9M), Angola ($3.93M), Switzerland ($3.17M), Italy ($2.96M), and Netherlands ($1.98M).

The fastest growing export markets for Chocolate of Portugal between 2022 and 2023 were Spain ($17.7M), Italy ($1.54M), and France ($811k).

Imports In 2023, Portugal imported $317M in Chocolate, becoming the 27th largest importer of Chocolate in the world. At the same year, Chocolate was the 75th most imported product in Portugal. Portugal imports Chocolate primarily from: Spain ($106M), Germany ($71.1M), Italy ($48.9M), France ($25.2M), and Belgium ($20M).

The fastest growing import markets in Chocolate for Portugal between 2022 and 2023 were Spain ($18.5M), Germany ($12.9M), and France ($3.77M).

COMPANIES In 2023, leading companies such as IKEA Group (171) and Barry Callebaut (4) were at the forefront of shipping Chocolate from Portugal to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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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)$69.1M
IMPORTS (2023)$317M
NET TRADE (2023)-$248M

In 2023, Portugal exported $69.1M in Chocolate. The main destinations of Portugal exports on Chocolate were Spain ($36.9M), Angola ($3.93M), Switzerland ($3.17M), Italy ($2.96M), and Netherlands ($1.98M).

In 2023, Portugal imported $317M in Chocolate, mainly from Spain ($106M), Germany ($71.1M), Italy ($48.9M), France ($25.2M), and Belgium ($20M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$17.7M (91.9%)
Italy$1.54M (108%)
France$811k (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Portugal WERE (2022 - 2023):
United Kingdom-$1.49M (-55%)
United Arab Emirates-$873k (-45.8%)
Saudi Arabia-$698k (-29.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Portugal'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 POTENTIALSpain+ $4.29M
TOP IMPORT POTENTIALBelgium+ $5.42M

Chocolate’s highest export potential is Spain. With an export gap of $4.29M.   Chocolate’s highest import potential is Belgium with an import gap of $5.42M.

See methodology.

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