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2022
Exports $5.28MWorld Rnk 35 / 125
Flag Rnk 855 / 1210
2022
Destination $3.73M United States
2021 - 2022
FASTEST GROWING MARKET $3.73MUnited States
2022
PRODUCT COMPLEXITY IN Cocoa Beans-2.82Rnk 1025 / 1025
2022
Imports $290MWorld Rnk 9 / 159
Flag Rnk 340 / 1213
2022
Origin $19.1M Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $19.1MEcuador
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $5.28M in Cocoa Beans, making it the 35th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 855th most exported product in Canada. The main destination of Cocoa Beans exports from Canada are: United States ($3.94M), Estonia ($1.23M), Netherlands ($82.6k), United Arab Emirates ($12.3k), and Singapore ($5.49k).

The fastest growing export markets for Cocoa Beans of Canada between 2021 and 2022 were United States ($3.73M), Estonia ($693k), and United Arab Emirates ($12.3k).

Imports In 2022, Canada imported $290M in Cocoa Beans, becoming the 9th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 340th most imported product in Canada. Canada imports Cocoa Beans primarily from: Cote d'Ivoire ($165M), Ecuador ($46.1M), Ghana ($39.5M), Nigeria ($29.4M), and United States ($6.44M).

The fastest growing import markets in Cocoa Beans for Canada between 2021 and 2022 were Ecuador ($19.1M), Cote d'Ivoire ($8.57M), and Belgium ($289k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Cocoa Beans exports accounted up to C$8.89k and imports accounted up to C$72.3M, resulting in a negative trade balance of C$72.3M. Between January 2020 and June 2024 the exports of Canada's   Cocoa Beans have decreased by C$-81k (-90.1%) from C$89.9k to C$8.89k, while imports increased by C$31.4M (76.7%) from C$40.9M to C$72.3M.

Destinations In June 2024, Cocoa Beans were exported mostly to , and were imported mostly from Cote d'Ivoire (C$49M), Ecuador (C$17.9M), Nigeria (C$2.53M), Peru (C$1.03M), and Ghana (C$815k).

Growth In June 2024, the decrease in Cocoa Beans's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from Cote d'Ivoire (C$22.3M or 100%), Ghana (C$5.49M or 257%), and Ecuador (C$3.28M or 63.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2020 - June 2024)C$-81k(-90.1%)
IMPORT GROWTH (August 2023 - August 2024)C$31.4M(76.7%)
MAIN EXPORTER (June 2024)OntarioC$1.84M
MAIN DESTINATION (June 2024)

This section shows Cocoa Beans's exports and imports data at subnational level for Canada. 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 (2022)$5.28M
IMPORTS (2022)$290M
NET TRADE (2022)-$285M

In 2022, Canada exported $5.28M in Cocoa Beans. The main destinations of Canada exports on Cocoa Beans were United States ($3.94M), Estonia ($1.23M), Netherlands ($82.6k), United Arab Emirates ($12.3k), and Singapore ($5.49k).

In 2022, Canada imported $290M in Cocoa Beans, mainly from Cote d'Ivoire ($165M), Ecuador ($46.1M), Ghana ($39.5M), Nigeria ($29.4M), and United States ($6.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$3.73M (1.75k%)
Estonia$693k (129%)
United Arab Emirates$12.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Canada WERE (2021 - 2022):
Belgium-$11.9k (-100%)
Netherlands-$8.24k (-9.07%)
France-$8.15k (-95%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.33B
Ghana $1.08B
Ecuador $937M
In 2022, Canada's main importing competitors in Cocoa Beans were:
Netherlands $1.68B
Malaysia $1.02B
United States $874M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.6M
TOP IMPORT POTENTIALNigeria+ $13.5M

Cocoa Beans’s highest export potential is United States. With an export gap of $3.6M.   Cocoa Beans’s highest import potential is Nigeria with an import gap of $13.5M.

See methodology.

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