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2023
Exports $73.2MWorld Rnk 11 / 128
Flag Rnk 426 / 1212
2023
Destination $3.83M Italy
2022 - 2023
FASTEST GROWING MARKET $3.83MItaly
2023
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 911 / 1025
2023
Imports $173MWorld Rnk 10 / 179
Flag Rnk 422 / 1211
2023
Origin $9.08M United States
2022 - 2023
FASTEST GROWING ORIGIN $9.08MIndonesia
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $73.2M in Cocoa Butter, making it the 11th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 426th most exported product in Canada. The main destination of Cocoa Butter exports from Canada are: Italy ($44.5M), United States ($27.7M), Mexico ($939k), United Kingdom ($20k), and Kuwait ($18.1k).

The fastest growing export markets for Cocoa Butter of Canada between 2022 and 2023 were Italy ($3.83M), United States ($1.66M), and Mexico ($939k).

Imports In 2023, Canada imported $173M in Cocoa Butter, becoming the 10th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 422nd most imported product in Canada. Canada imports Cocoa Butter primarily from: United States ($66.5M), Malaysia ($49.3M), Indonesia ($40.3M), Netherlands ($5.04M), and Brazil ($4.83M).

The fastest growing import markets in Cocoa Butter for Canada between 2022 and 2023 were Indonesia ($9.08M), Singapore ($1.57M), and France ($940k).

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

November 2024

About

Overview In November 2024 Canada's Cocoa Butter exports accounted up to C$22M and imports accounted up to C$97.4M, resulting in a negative trade balance of C$75.4M. Between November 2023 and November 2024 the exports of Canada's   Cocoa Butter have increased by C$13M (143%) from C$9.07M to C$22M, while imports increased by C$69M (243%) from C$28.4M to C$97.4M.

Destinations In November 2024, Cocoa Butter were exported mostly to Italy (C$15.6M), United States (C$5.39M), Mexico (C$992k), Denmark (C$11.1k), and United Kingdom (C$3.78k), and were imported mostly from United States (C$41.5M), Indonesia (C$29.6M), Malaysia (C$24M), Netherlands (C$988k), and Morocco (C$731k).

Growth In November 2024, the increase in Cocoa Butter's year-by-year exports was explained primarily by an increase in exports to . In November 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 (November 2023 - November 2024)C$13M(143%)
IMPORT GROWTH (November 2023 - November 2024)C$69M(243%)
MAIN EXPORTER (November 2024)OntarioC$25.1M
MAIN DESTINATION (November 2024)ItalyC$15.6M

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 (2023)$73.2M
IMPORTS (2023)$173M
NET TRADE (2023)-$99.6M

In 2023, Canada exported $73.2M in Cocoa Butter. The main destinations of Canada exports on Cocoa Butter were Italy ($44.5M), United States ($27.7M), Mexico ($939k), United Kingdom ($20k), and Kuwait ($18.1k).

In 2023, Canada imported $173M in Cocoa Butter, mainly from United States ($66.5M), Malaysia ($49.3M), Indonesia ($40.3M), Netherlands ($5.04M), and Brazil ($4.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Italy$3.83M (9.4%)
United States$1.66M (6.39%)
Mexico$939k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Canada WERE (2022 - 2023):
United Arab Emirates-$4.04k (-64.4%)
Netherlands-$1.6k (-64.4%)
Qatar-$1.35k (-67.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Cocoa Butter were:
Netherlands $1.74B
Cote d'Ivoire $715M
Indonesia $650M
In 2023, Canada's main importing competitors in Cocoa Butter were:
Germany $853M
Belgium $638M
United States $574M

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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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