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2022
Exports $94.5MWorld Rnk 11 / 123
Flag Rnk 751 / 1217
2022
Destination $2.11M Canada
2021 - 2022
FASTEST GROWING MARKET $2.11MMalaysia
2022
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 920 / 1025
2022
Imports $598MWorld Rnk 2 / 179
Flag Rnk 494 / 1216
2022
Origin $39.1M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $39.1MMalaysia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $94.5M in Cocoa Butter, making it the 11th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 751st most exported product in United States. The main destination of Cocoa Butter exports from United States are: Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

The fastest growing export markets for Cocoa Butter of United States between 2021 and 2022 were Malaysia ($2.11M), Mexico ($1.1M), and Kuwait ($514k).

Imports In 2022, United States imported $598M in Cocoa Butter, becoming the 2nd largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 494th most imported product in United States. United States imports Cocoa Butter primarily from: Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

The fastest growing import markets in Cocoa Butter for United States between 2021 and 2022 were Malaysia ($39.1M), Ghana ($23.3M), and Mexico ($20M).

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

August 2024

About

Overview In August 2024 United States' Cocoa Butter exports accounted up to $23M and imports accounted up to $112M, resulting in a negative trade balance of $88.8M. Between August 2023 and August 2024 the exports of United States'   Cocoa Butter have increased by $17.9M (355%) from $5.06M to $23M, while imports increased by $62M (125%) from $49.8M to $112M.

Destinations In August 2024, Cocoa Butter were exported mostly to Canada ($22.7M), Germany ($120k), Netherlands ($57.6k), Kuwait ($38.4k), and Saudi Arabia ($37.4k), and were imported mostly from Indonesia ($30.2M), Malaysia ($25M), Peru ($18.6M), Brazil ($14.2M), and Mexico ($5.44M).

Growth In August 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 August 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 (August 2023 - August 2024)$17.9M(355%)
IMPORT GROWTH (August 2023 - August 2024)$62M(125%)
MAIN EXPORTER (August 2024)Pennsylvania$11.5M
MAIN DESTINATION (August 2024)Canada$22.7M

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 (2022)$94.5M
IMPORTS (2022)$598M
NET TRADE (2022)-$503M

In 2022, United States exported $94.5M in Cocoa Butter. The main destinations of United States exports on Cocoa Butter were Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

In 2022, United States imported $598M in Cocoa Butter, mainly from Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR United States WERE (2021 - 2022):
Malaysia$2.11M (1.18k%)
Mexico$1.1M (97.2%)
Kuwait$514k (556%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY United States WERE (2021 - 2022):
Canada-$3.42M (-3.8%)
Spain-$201k (-84.6%)
Trinidad and Tobago-$101k (-75.5%)
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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 Butter were:
Netherlands $1.37B
Indonesia $669M
Malaysia $617M
In 2022, United States's main importing competitors in Cocoa Butter were:
Germany $710M
Belgium $513M

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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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