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2022
Exports $9.04MWorld Rnk 32 / 125
Flag Rnk 1069 / 1217
2022
Destination $269k Canada
2021 - 2022
FASTEST GROWING MARKET $269kEcuador
2022
PRODUCT COMPLEXITY IN Cocoa Beans-2.82Rnk 1025 / 1025
2022
Imports $874MWorld Rnk 3 / 159
Flag Rnk 428 / 1216
2022
Origin $11.8M Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $11.8MDominican Republic
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $9.04M in Cocoa Beans, making it the 32nd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1069th most exported product in United States. The main destination of Cocoa Beans exports from United States are: Canada ($6.44M), Belgium ($896k), Netherlands ($622k), Germany ($350k), and Ecuador ($320k).

The fastest growing export markets for Cocoa Beans of United States between 2021 and 2022 were Ecuador ($269k), Ukraine ($35.3k), and Estonia ($28.3k).

Imports In 2022, United States imported $874M in Cocoa Beans, becoming the 3rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 428th most imported product in United States. United States imports Cocoa Beans primarily from: Cote d'Ivoire ($407M), Ecuador ($173M), Ghana ($145M), Dominican Republic ($58.6M), and Democratic Republic of the Congo ($24.8M).

The fastest growing import markets in Cocoa Beans for United States between 2021 and 2022 were Dominican Republic ($11.8M), Ghana ($5.37M), and Democratic Republic of the Congo ($3.8M).

COMPANIES In 2023, leading companies such as Barry Callebaut (140) were at the forefront of shipping Cocoa Beans to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Cocoa Beans exports accounted up to $113M and imports accounted up to $77.7M, resulting in a positive trade balance of $34.8M. Between August 2023 and August 2024 the exports of United States'   Cocoa Beans have increased by $109M (3.31k%) from $3.3M to $113M, while imports increased by $45M (137%) from $32.8M to $77.7M.

Destinations In August 2024, Cocoa Beans were exported mostly to Canada ($52.1M), Netherlands ($41.1M), Belgium ($17.2M), Estonia ($1.82M), and Germany ($240k), and were imported mostly from Ecuador ($36.1M), Dominican Republic ($16.3M), Peru ($12.9M), Cote d'Ivoire ($9.62M), and Papua New Guinea ($1.81M).

Growth In August 2024, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to Japan ($102k or 575%). 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 ($15.1M or 19.1%), Ghana ($9.3M or 295%), and Papua New Guinea ($1.68M or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$109M(3.31k%)
IMPORT GROWTH (August 2023 - August 2024)$45M(137%)
MAIN EXPORTER (August 2024)Pennsylvania$76.2M
MAIN DESTINATION (August 2024)Canada$52.1M

This section shows Cocoa Beans'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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.04M
IMPORTS (2022)$874M
NET TRADE (2022)-$865M

In 2022, United States exported $9.04M in Cocoa Beans. The main destinations of United States exports on Cocoa Beans were Canada ($6.44M), Belgium ($896k), Netherlands ($622k), Germany ($350k), and Ecuador ($320k).

In 2022, United States imported $874M in Cocoa Beans, mainly from Cote d'Ivoire ($407M), Ecuador ($173M), Ghana ($145M), Dominican Republic ($58.6M), and Democratic Republic of the Congo ($24.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR United States WERE (2021 - 2022):
Ecuador$269k (533%)
Ukraine$35.3k (1%)
Estonia$28.3k (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY United States WERE (2021 - 2022):
Canada-$13.2M (-67.2%)
Indonesia-$1.32M (-100%)
Netherlands-$578k (-48.2%)
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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 Cocoa Beans were:
Cote d'Ivoire $3.33B
Ghana $1.08B
Ecuador $937M
In 2022, United States's main importing competitors in Cocoa Beans were:
Netherlands $1.68B
Malaysia $1.02B

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.55M
TOP IMPORT POTENTIALGhana+ $56.1M

Cocoa Beans’s highest export potential is Canada. With an export gap of $1.55M.   Cocoa Beans’s highest import potential is Ghana with an import gap of $56.1M.

See methodology.

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