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2023
Exports $432MWorld Rnk 6 / 134
Flag Rnk 164 / 1216
2023
Destination $84.3M France
2022 - 2023
FASTEST GROWING MARKET $84.3MGermany
2023
PRODUCT COMPLEXITY IN Cocoa Beans-2.94Rnk 1025 / 1025
2023
Imports $567MWorld Rnk 6 / 159
Flag Rnk 128 / 1213
2023
Origin $6.69M Cote d'Ivoire
2022 - 2023
FASTEST GROWING ORIGIN $6.69MPeru
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $432M in Cocoa Beans, making it the 6th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 164th most exported product in Belgium. The main destination of Cocoa Beans exports from Belgium are: France ($195M), Germany ($176M), Netherlands ($33.1M), Italy ($13.9M), and Spain ($5.54M).

The fastest growing export markets for Cocoa Beans of Belgium between 2022 and 2023 were Germany ($84.3M), France ($39.8M), and Netherlands ($25.2M).

Imports In 2023, Belgium imported $567M in Cocoa Beans, becoming the 6th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 128th most imported product in Belgium. Belgium imports Cocoa Beans primarily from: Cote d'Ivoire ($388M), Ghana ($51.1M), France ($26.3M), Ecuador ($18M), and Peru ($12.6M).

The fastest growing import markets in Cocoa Beans for Belgium between 2022 and 2023 were Peru ($6.69M), Nigeria ($5.08M), and Indonesia ($2.1M).

COMPANIES In 2023, leading companies such as Barry Callebaut (6) were at the forefront of shipping Cocoa Beans from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Cocoa Beans exports accounted up to €5.54M and imports accounted up to €55.1M, resulting in a negative trade balance of €49.6M. Between November 2023 and November 2024 the exports of Belgium's   Cocoa Beans have increased by €4.05M (270%) from €1.5M to €5.54M, while imports increased by €21.1M (62.1%) from €34M to €55.1M.

Destinations In November 2024, Cocoa Beans were exported mostly to Germany (€1.4M), France (€1.36M), Netherlands (€899k), Slovakia (€438k), and Italy (€284k), and were imported mostly from Cote d'Ivoire (€23.5M), Ghana (€10M), Nigeria (€7.11M), Ecuador (€5.12M), and Peru (€1.97M).

Growth In November 2024, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to France (€673k or 1.02k%), Austria (€510k or 200k%), and Italy (€108k or 126%). In November 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from Nigeria (€611k or 111%), France (€428k or 17.8%), and Cote d'Ivoire (€334k or 2.78%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€4.05M(270%)
IMPORT GROWTH (November 2023 - November 2024)€21.1M(62.1%)
MAIN DESTINATION (November 2024)Germany€1.4M

This section shows Cocoa Beans's exports and imports data at subnational level for Belgium. 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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$432M
IMPORTS (2023)$567M
NET TRADE (2023)-$135M

In 2023, Belgium exported $432M in Cocoa Beans. The main destinations of Belgium exports on Cocoa Beans were France ($195M), Germany ($176M), Netherlands ($33.1M), Italy ($13.9M), and Spain ($5.54M).

In 2023, Belgium imported $567M in Cocoa Beans, mainly from Cote d'Ivoire ($388M), Ghana ($51.1M), France ($26.3M), Ecuador ($18M), and Peru ($12.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$84.3M (92.1%)
France$39.8M (25.6%)
Netherlands$25.2M (323%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Belgium WERE (2022 - 2023):
Austria-$6.6M (-85.4%)
Italy-$951k (-6.4%)
Canada-$612k (-98.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.68B
Ecuador $1.14B
Ghana $1.09B
In 2023, Belgium's main importing competitors in Cocoa Beans were:
Netherlands $2.21B
Malaysia $1.42B
Germany $867M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $17.2M
TOP IMPORT POTENTIALNetherlands+ $6.03M

Cocoa Beans’s highest export potential is Germany. With an export gap of $17.2M.   Cocoa Beans’s highest import potential is Netherlands with an import gap of $6.03M.

See methodology.

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