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2023
Exports $72.5MWorld Rnk 12 / 128
Flag Rnk 765 / 1217
2023
Destination $1.55M Canada
2022 - 2023
FASTEST GROWING MARKET $1.55MMexico
2023
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 911 / 1025
2023
Imports $574MWorld Rnk 3 / 179
Flag Rnk 489 / 1215
2023
Origin $37.9M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $37.9MIndonesia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $72.5M in Cocoa Butter, making it the 12th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 765th most exported product in United States. The main destination of Cocoa Butter exports from United States are: Canada ($66.5M), Mexico ($2.15M), Malaysia ($1.9M), Netherlands ($550k), and United Arab Emirates ($414k).

The fastest growing export markets for Cocoa Butter of United States between 2022 and 2023 were Mexico ($1.55M), Malaysia ($1.16M), and Netherlands ($283k).

Imports In 2023, United States imported $574M in Cocoa Butter, becoming the 3rd largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 489th most imported product in United States. United States imports Cocoa Butter primarily from: Indonesia ($216M), Malaysia ($165M), India ($38.6M), Canada ($27.7M), and Brazil ($25.7M).

The fastest growing import markets in Cocoa Butter for United States between 2022 and 2023 were Indonesia ($37.9M), India ($6.76M), and Canada ($1.66M).

COMPANIES In 2023, leading companies such as Hall's Warehouse (209), Barry Callebaut (199), and Lineage Cold Storage (82) were at the forefront of shipping Cocoa Butter to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Cocoa Butter exports accounted up to $37.3M and imports accounted up to $130M, resulting in a negative trade balance of $92.5M. Between November 2023 and November 2024 the exports of United States'   Cocoa Butter have increased by $27.5M (281%) from $9.8M to $37.3M, while imports increased by $96.8M (293%) from $33M to $130M.

Destinations In November 2024, Cocoa Butter were exported mostly to Canada ($36.5M), Mexico ($338k), Malaysia ($219k), Netherlands ($198k), and Saudi Arabia ($11.4k), and were imported mostly from Malaysia ($43M), Indonesia ($40.2M), Peru ($18.6M), Colombia ($8.3M), and India ($5.72M).

Growth In November 2024, the increase in Cocoa Butter's year-by-year exports was explained primarily by an increase in exports to Mexico ($119k or 2.85k%). In November 2024, the increase in Cocoa Butter's year-by-year imports was explained primarily by an increase in imports from Cote d'Ivoire ($4.58M or 770%), Indonesia ($4.14M or 27.9%), and Malaysia ($3.71M or 66.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$27.5M(281%)
IMPORT GROWTH (November 2023 - November 2024)$96.8M(293%)
MAIN EXPORTER (November 2024)Pennsylvania$27.1M
MAIN DESTINATION (November 2024)Canada$36.5M

This section shows Cocoa Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$72.5M
IMPORTS (2023)$574M
NET TRADE (2023)-$502M

In 2023, United States exported $72.5M in Cocoa Butter. The main destinations of United States exports on Cocoa Butter were Canada ($66.5M), Mexico ($2.15M), Malaysia ($1.9M), Netherlands ($550k), and United Arab Emirates ($414k).

In 2023, United States imported $574M in Cocoa Butter, mainly from Indonesia ($216M), Malaysia ($165M), India ($38.6M), Canada ($27.7M), and Brazil ($25.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$1.55M (259%)
Malaysia$1.16M (157%)
Netherlands$283k (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY United States WERE (2022 - 2023):
Canada-$8.25M (-11%)
Israel-$178k (-97.3%)
India-$162k (-95.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.52M
TOP IMPORT POTENTIALGhana+ $24.3M

Cocoa Butter’s highest export potential is Mexico. With an export gap of $1.52M.   Cocoa Butter’s highest import potential is Ghana with an import gap of $24.3M.

See methodology.

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