2022
Exports
$867MWorld Rnk 18 / 199
Flag Rnk 28 / 96
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$794MWorld Rnk 15 / 225
Flag Rnk 42 / 96
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $867M in Cocoa & cocoa preparations, making it the 18th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 28th most exported product in Singapore. The main destination of Cocoa & cocoa preparations exports from Singapore are: Japan ($184M), Australia ($103M), China ($80.6M), Indonesia ($80.1M), and Malaysia ($67.6M).

The fastest growing export markets for Cocoa & cocoa preparations of Singapore between 2021 and 2022 were Netherlands ($33.6M), Indonesia ($29.1M), and Japan ($21.6M).

Imports In 2022, Singapore imported $794M in Cocoa & cocoa preparations, becoming the 15th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 42nd most imported product in Singapore. Singapore imports Cocoa & cocoa preparations primarily from: Malaysia ($343M), Ghana ($67.4M), Indonesia ($61.2M), Cote d'Ivoire ($41.9M), and Netherlands ($35.9M).

The fastest growing import markets in Cocoa & cocoa preparations for Singapore between 2021 and 2022 were Indonesia ($35.3M), Germany ($13.9M), and Cameroon ($13.6M).

COMPANIES In 2023, leading companies such as IKEA Group (6), Sobel Westex (3), and HP Inc (1) were at the forefront of shipping Cocoa & cocoa preparations from Singapore 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)$867M
IMPORTS (2022)$794M
NET TRADE (2022)$73.4M

In 2022, Singapore exported $867M in Cocoa & cocoa preparations. The main destinations of Singapore exports on Cocoa & cocoa preparations were Japan ($184M), Australia ($103M), China ($80.6M), Indonesia ($80.1M), and Malaysia ($67.6M).

In 2022, Singapore imported $794M in Cocoa & cocoa preparations, mainly from Malaysia ($343M), Ghana ($67.4M), Indonesia ($61.2M), Cote d'Ivoire ($41.9M), and Netherlands ($35.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Netherlands$33.6M (263%)
Indonesia$29.1M (57.2%)
Japan$21.6M (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Singapore WERE (2021 - 2022):
Australia-$18.6M (-15.2%)
Russia-$16.1M (-79.4%)
United States-$5.99M (-29.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Singapore'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+ $13.6M
TOP IMPORT POTENTIALCote d'Ivoire+ $14.6M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $13.6M.   Cocoa & cocoa preparations’s highest import potential is Cote d'Ivoire with an import gap of $14.6M.

See methodology.

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