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2022
Exports $3.3BWorld Rnk 4 / 199
Flag Rnk 27 / 96
2022
Destination $10.6M Netherlands
2021 - 2022
FASTEST GROWING MARKET $10.6MUnited States
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations0.14Rnk 508 / 1025
2022
Imports $2.72BWorld Rnk 6 / 225
Flag Rnk 33 / 96
2022
Origin $38.1M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $38.1MSweden
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $3.3B in Cocoa & cocoa preparations, making it the 4th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 27th most exported product in Belgium. The main destination of Cocoa & cocoa preparations exports from Belgium are: Netherlands ($590M), France ($563M), Germany ($479M), United Kingdom ($247M), and United States ($168M).

The fastest growing export markets for Cocoa & cocoa preparations of Belgium between 2021 and 2022 were United States ($10.6M), Kuwait ($6.66M), and Turkey ($4.74M).

Imports In 2022, Belgium imported $2.72B in Cocoa & cocoa preparations, becoming the 6th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 33rd most imported product in Belgium. Belgium imports Cocoa & cocoa preparations primarily from: Netherlands ($706M), Cote d'Ivoire ($501M), Germany ($456M), France ($395M), and Poland ($108M).

The fastest growing import markets in Cocoa & cocoa preparations for Belgium between 2021 and 2022 were Sweden ($38.1M), Poland ($22.6M), and United Kingdom ($13.1M).

COMPANIES In 2023, leading companies such as Barry Callebaut (356), IKEA Group (79), and Costco Wholesale (37) were at the forefront of shipping Cocoa & cocoa preparations from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Cocoa & cocoa preparations exports accounted up to €366M and imports accounted up to €457M, resulting in a negative trade balance of €91.3M. Between July 2023 and July 2024 the exports of Belgium's   Cocoa & cocoa preparations have increased by €117M (47.2%) from €249M to €366M, while imports increased by €289M (171%) from €169M to €457M.

Destinations In July 2024, Cocoa & cocoa preparations were exported mostly to Netherlands (€55.6M), Germany (€52.5M), France (€48.8M), United Kingdom (€31.8M), and United States (€20M), and were imported mostly from Netherlands (€169M), Germany (€70.1M), France (€62.4M), Nigeria (€47.8M), and Poland (€23.9M).

Growth In July 2024, the increase in Cocoa & cocoa preparations's year-by-year exports was explained primarily by an increase in exports to Germany (€8.78M or 29.6%), Netherlands (€7.72M or 15.7%), and United Kingdom (€3.45M or 18.2%). In July 2024, the increase in Cocoa & cocoa preparations's year-by-year imports was explained primarily by an increase in imports from Netherlands (€18M or 32.2%), Italy (€4.01M or 89.6%), and Poland (€1.97M or 34.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€117M(47.2%)
IMPORT GROWTH (July 2023 - July 2024)€289M(171%)
MAIN DESTINATION (July 2024)Netherlands€55.6M

This section shows Cocoa & cocoa preparations's exports and imports data at subnational level for Belgium. 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 & cocoa preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.3B
IMPORTS (2022)$2.72B
NET TRADE (2022)$581M

In 2022, Belgium exported $3.3B in Cocoa & cocoa preparations. The main destinations of Belgium exports on Cocoa & cocoa preparations were Netherlands ($590M), France ($563M), Germany ($479M), United Kingdom ($247M), and United States ($168M).

In 2022, Belgium imported $2.72B in Cocoa & cocoa preparations, mainly from Netherlands ($706M), Cote d'Ivoire ($501M), Germany ($456M), France ($395M), and Poland ($108M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$10.6M (6.75%)
Kuwait$6.66M (43.3%)
Turkey$4.74M (29.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Belgium WERE (2021 - 2022):
Germany-$75.6M (-13.6%)
Netherlands-$45.5M (-7.17%)
United Kingdom-$43.3M (-14.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cocoa & cocoa preparations were:
Germany $6.74B
Cote d'Ivoire $5.39B
Netherlands $5.36B
In 2022, Belgium's main importing competitors in Cocoa & cocoa preparations were:
United States $6.22B
Netherlands $4.41B
Germany $4.41B

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $197M
TOP IMPORT POTENTIALGermany+ $116M

Cocoa & cocoa preparations’s highest export potential is Germany. With an export gap of $197M.   Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $116M.

See methodology.

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