2023
Exports
$1.72BWorld Rnk 7 / 202
Flag Rnk 171 / 1217
2023
PRODUCT COMPLEXITY IN Chocolate
0.3Rnk 459 / 1025
2023
Imports
$4.04BWorld Rnk 1 / 225
Flag Rnk 136 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.72B in Chocolate, making it the 7th largest exporter of Chocolate in the world. At the same year, Chocolate was the 171st most exported product in United States. The main destination of Chocolate exports from United States are: Canada ($735M), Mexico ($250M), Vietnam ($51.6M), South Korea ($51.1M), and Australia ($46.9M).

The fastest growing export markets for Chocolate of United States between 2022 and 2023 were Canada ($42.8M), Vietnam ($41.8M), and Mexico ($33.6M).

Imports In 2023, United States imported $4.04B in Chocolate, becoming the 1st largest importer of Chocolate in the world. At the same year, Chocolate was the 136th most imported product in United States. United States imports Chocolate primarily from: Canada ($1.99B), Mexico ($613M), Germany ($223M), Belgium ($209M), and Poland ($145M).

The fastest growing import markets in Chocolate for United States between 2022 and 2023 were Canada ($94.8M), Germany ($28M), and Croatia ($26.9M).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$43.4M(27.4%)
IMPORT GROWTH (November 2023 - November 2024)$101M(28.1%)
MAIN EXPORTER (November 2024)Pennsylvania$61.4M
MAIN DESTINATION (November 2024)Canada$85.1M

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 (2023)$1.72B
IMPORTS (2023)$4.04B
NET TRADE (2023)-$2.32B

In 2023, United States exported $1.72B in Chocolate. The main destinations of United States exports on Chocolate were Canada ($735M), Mexico ($250M), Vietnam ($51.6M), South Korea ($51.1M), and Australia ($46.9M).

In 2023, United States imported $4.04B in Chocolate, mainly from Canada ($1.99B), Mexico ($613M), Germany ($223M), Belgium ($209M), and Poland ($145M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$42.8M (6.18%)
Vietnam$41.8M (426%)
Mexico$33.6M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY United States WERE (2022 - 2023):
South Korea-$33M (-39.2%)
Thailand-$6.67M (-28.1%)
Japan-$6.09M (-15.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

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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