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2022
Exports $77.2MWorld Rnk 12 / 123
Flag Rnk 424 / 1210
2022
Destination $6.28M United States
2021 - 2022
FASTEST GROWING MARKET $6.28MUnited States
2022
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 920 / 1025
2022
Imports $171MWorld Rnk 10 / 179
Flag Rnk 450 / 1213
2022
Origin $7.53M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.53MMalaysia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $77.2M in Cocoa Butter, making it the 12th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 424th most exported product in Canada. The main destination of Cocoa Butter exports from Canada are: United States ($39.5M), Italy ($37.5M), Canada ($119k), Bahrain ($8.51k), and Kuwait ($7.1k).

The fastest growing export markets for Cocoa Butter of Canada between 2021 and 2022 were United States ($6.28M), Qatar ($2.01k), and United Arab Emirates ($1.59k).

Imports In 2022, Canada imported $171M in Cocoa Butter, becoming the 10th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 450th most imported product in Canada. Canada imports Cocoa Butter primarily from: United States ($86.7M), Malaysia ($48.8M), Indonesia ($24.2M), Netherlands ($4.26M), and Brazil ($3.42M).

The fastest growing import markets in Cocoa Butter for Canada between 2021 and 2022 were Malaysia ($7.53M), Netherlands ($2.83M), and Ghana ($404k).

COMPANIES In 2023, leading companies such as Walmart (2) were at the forefront of shipping Cocoa Butter from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Cocoa Butter exports accounted up to C$25.1M and imports accounted up to C$57.1M, resulting in a negative trade balance of C$31.9M. Between September 2023 and September 2024 the exports of Canada's   Cocoa Butter have increased by C$12.2M (95%) from C$12.9M to C$25.1M, while imports increased by C$40.3M (240%) from C$16.8M to C$57.1M.

Destinations In September 2024, Cocoa Butter were exported mostly to Italy (C$15.5M), United States (C$9.31M), Mexico (C$333k), Sweden (C$4.24k), and United Kingdom (C$4.13k), and were imported mostly from United States (C$22.4M), Malaysia (C$13.7M), Brazil (C$7.47M), Indonesia (C$6.91M), and Singapore (C$3.66M).

Growth In September 2024, the increase in Cocoa Butter's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Cocoa Butter's year-by-year imports was explained primarily by an increase in imports from Indonesia (C$2.98M or 117%), Malaysia (C$1.83M or 50.5%), and Ecuador (C$49.7k or 14.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$12.2M(95%)
IMPORT GROWTH (September 2023 - September 2024)C$40.3M(240%)
MAIN EXPORTER (September 2024)OntarioC$25.1M
MAIN DESTINATION (September 2024)ItalyC$15.5M

This section shows Cocoa Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$77.2M
IMPORTS (2022)$171M
NET TRADE (2022)-$94M

In 2022, Canada exported $77.2M in Cocoa Butter. The main destinations of Canada exports on Cocoa Butter were United States ($39.5M), Italy ($37.5M), Canada ($119k), Bahrain ($8.51k), and Kuwait ($7.1k).

In 2022, Canada imported $171M in Cocoa Butter, mainly from United States ($86.7M), Malaysia ($48.8M), Indonesia ($24.2M), Netherlands ($4.26M), and Brazil ($3.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.28M (18.9%)
Qatar$2.01k (1%)
United Arab Emirates$1.59k (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Canada WERE (2021 - 2022):
Italy-$13M (-25.8%)
Canada-$100k (-45.8%)
Netherlands-$34.3k (-93.2%)
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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 Butter were:
Netherlands $1.37B
Indonesia $669M
Malaysia $617M
In 2022, Canada's main importing competitors in Cocoa Butter were:
Germany $710M
United States $598M
Belgium $513M

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19M
TOP IMPORT POTENTIALCote d'Ivoire+ $5.04M

Cocoa Butter’s highest export potential is United States. With an export gap of $19M.   Cocoa Butter’s highest import potential is Cote d'Ivoire with an import gap of $5.04M.

See methodology.

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