2022
Exports
$743MWorld Rnk 19 / 199
Flag Rnk 46 / 96
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$651MWorld Rnk 20 / 225
Flag Rnk 63 / 96
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $743M in Cocoa & cocoa preparations, making it the 19th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 46th most exported product in Mexico. The main destination of Cocoa & cocoa preparations exports from Mexico are: United States ($629M), Canada ($39.1M), Guatemala ($19.5M), Costa Rica ($6.72M), and El Salvador ($6.1M).

The fastest growing export markets for Cocoa & cocoa preparations of Mexico between 2021 and 2022 were United States ($106M), Guatemala ($4.44M), and Colombia ($2.23M).

Imports In 2022, Mexico imported $651M in Cocoa & cocoa preparations, becoming the 20th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 63rd most imported product in Mexico. Mexico imports Cocoa & cocoa preparations primarily from: United States ($267M), Cote d'Ivoire ($107M), Ecuador ($70.7M), Malaysia ($38.9M), and Canada ($34.4M).

The fastest growing import markets in Cocoa & cocoa preparations for Mexico between 2021 and 2022 were Cote d'Ivoire ($30M), Peru ($14.2M), and Dominican Republic ($4.9M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (12), Vestas (2), and LG Electronics (1) were at the forefront of shipping Cocoa & cocoa preparations from Mexico to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cocoa & cocoa preparations. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$743M
IMPORTS (2022)$651M
NET TRADE (2022)$92M

In 2022, Mexico exported $743M in Cocoa & cocoa preparations. The main destinations of Mexico exports on Cocoa & cocoa preparations were United States ($629M), Canada ($39.1M), Guatemala ($19.5M), Costa Rica ($6.72M), and El Salvador ($6.1M).

In 2022, Mexico imported $651M in Cocoa & cocoa preparations, mainly from United States ($267M), Cote d'Ivoire ($107M), Ecuador ($70.7M), Malaysia ($38.9M), and Canada ($34.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$106M (20.4%)
Guatemala$4.44M (29.5%)
Colombia$2.23M (62.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Mexico WERE (2021 - 2022):
Germany-$20.6M (-91%)
Netherlands-$5M (-92.4%)
Saudi Arabia-$1.71M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Mexico's main importing competitors in Cocoa & cocoa preparations were:

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $61M
TOP IMPORT POTENTIALGermany+ $13.6M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $61M.   Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $13.6M.

See methodology.

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