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2022
Exports $1.7BWorld Rnk 7 / 196
Flag Rnk 184 / 1217
falsefalse Canada
2021 - 2022
FASTEST GROWING MARKETfalseCanada
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $3.81BWorld Rnk 1 / 225
Flag Rnk 148 / 1216
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.7B in Chocolate, making it the 7th largest exporter of Chocolate in the world. At the same year, Chocolate was the 184th most exported product in United States. The main destination of Chocolate exports from United States are: Canada ($706M), Mexico ($232M), South Korea ($71.1M), Philippines ($45.7M), and Australia ($44.7M).

The fastest growing export markets for Chocolate of United States between 2021 and 2022 were Canada ($33.6M), Philippines ($10.8M), and Mexico ($9.64M).

Imports In 2022, United States imported $3.81B in Chocolate, becoming the 1st largest importer of Chocolate in the world. At the same year, Chocolate was the 148th most imported product in United States. United States imports Chocolate primarily from: Canada ($1.9B), Mexico ($599M), Germany ($236M), Belgium ($164M), and Poland ($133M).

COMPANIES In 2023, leading companies such as IKEA Group (9.53k), Storck (682), and Barry Callebaut (440) were at the forefront of shipping Chocolate to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Chocolate exports accounted up to $204M and imports accounted up to $466M, resulting in a negative trade balance of $261M. Between August 2023 and August 2024 the exports of United States'   Chocolate have increased by $42.2M (26%) from $162M to $204M, while imports increased by $80.5M (20.9%) from $385M to $466M.

Destinations In August 2024, Chocolate were exported mostly to Canada ($102M), Mexico ($27.5M), Philippines ($6.55M), United Kingdom ($5.5M), and Australia ($4.92M), and were imported mostly from Canada ($245M), Mexico ($66M), Germany ($27.8M), Belgium ($22.3M), and Switzerland ($12.6M).

Growth In August 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to Canada ($6.7M or 13.5%), Singapore ($3.17M or 243%), and Guatemala ($1.13M or 135%). In August 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from Canada ($16.2M or 11.8%), Germany ($6.72M or 83.9%), and Cote d'Ivoire ($3.7M or 141%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$42.2M(26%)
IMPORT GROWTH (August 2023 - August 2024)$80.5M(20.9%)
MAIN DESTINATION (August 2024)Canada$102M

This section shows Chocolate's exports and imports data at subnational level for United States. 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 (2022)$1.7B
IMPORTS (2022)$3.81B
NET TRADE (2022)-$2.11B

In 2022, United States exported $1.7B in Chocolate. The main destinations of United States exports on Chocolate were Canada ($706M), Mexico ($232M), South Korea ($71.1M), Philippines ($45.7M), and Australia ($44.7M).

In 2022, United States imported $3.81B in Chocolate, mainly from Canada ($1.9B), Mexico ($599M), Germany ($236M), Belgium ($164M), and Poland ($133M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$33.6M (4.99%)
Philippines$10.8M (30.9%)
Mexico$9.64M (4.33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY United States WERE (2021 - 2022):
Vietnam-$27.9M (-41.3%)
China-$11.1M (-34.5%)
South Korea-$8.42M (-10.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, United States's main importing competitors in Chocolate were:
Germany $2.53B
France $2.33B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $25.5M
TOP IMPORT POTENTIALGermany+ $109M

Chocolate’s highest export potential is United Kingdom. With an export gap of $25.5M.   Chocolate’s highest import potential is Germany with an import gap of $109M.

See methodology.

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