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2022
Exports $81.9MWorld Rnk 12 / 105
Flag Rnk 473 / 1213
2022
Destination $8.74M Poland
2021 - 2022
FASTEST GROWING MARKET $8.74MPoland
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $313MWorld Rnk 4 / 169
Flag Rnk 273 / 1214
2022
Origin $7.56M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $7.56MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $81.9M in Cocoa Paste, making it the 12th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 473rd most exported product in Belgium. The main destination of Cocoa Paste exports from Belgium are: Poland ($18M), Sweden ($12.7M), Canada ($9.61M), Norway ($8.53M), and Switzerland ($7.74M).

The fastest growing export markets for Cocoa Paste of Belgium between 2021 and 2022 were Poland ($8.74M), Switzerland ($4.57M), and Spain ($870k).

Imports In 2022, Belgium imported $313M in Cocoa Paste, becoming the 4th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 273rd most imported product in Belgium. Belgium imports Cocoa Paste primarily from: Netherlands ($185M), Germany ($66.2M), France ($34.6M), United Kingdom ($9.65M), and Ghana ($5.98M).

The fastest growing import markets in Cocoa Paste for Belgium between 2021 and 2022 were United Kingdom ($7.56M), Ghana ($5.91M), and Italy ($2.78M).

COMPANIES In 2023, leading companies such as Barry Callebaut (19) were at the forefront of shipping Cocoa Paste from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Cocoa Paste exports accounted up to €17.8M and imports accounted up to €71M, resulting in a negative trade balance of €53.2M. Between July 2023 and July 2024 the exports of Belgium's   Cocoa Paste have increased by €11.2M (169%) from €6.61M to €17.8M, while imports increased by €43.7M (160%) from €27.3M to €71M.

Destinations In July 2024, Cocoa Paste were exported mostly to Poland (€7.86M), Canada (€2.29M), Sweden (€2.03M), Norway (€1.24M), and United Kingdom (€987k), and were imported mostly from Netherlands (€49.6M), Germany (€14.6M), France (€6.13M), Vietnam (€341k), and Ghana (€311k).

Growth In July 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to Poland (€1.91M or 176%), Switzerland (€471k or 146k%), and France (€456k or 614%). In July 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Germany (€1.98M or 79.7%), United Kingdom (€1.76M or 1.23k%), and Netherlands (€830k or 4.17%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€11.2M(169%)
IMPORT GROWTH (July 2023 - July 2024)€43.7M(160%)
MAIN DESTINATION (July 2024)Poland€7.86M

This section shows Cocoa Paste'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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$81.9M
IMPORTS (2022)$313M
NET TRADE (2022)-$231M

In 2022, Belgium exported $81.9M in Cocoa Paste. The main destinations of Belgium exports on Cocoa Paste were Poland ($18M), Sweden ($12.7M), Canada ($9.61M), Norway ($8.53M), and Switzerland ($7.74M).

In 2022, Belgium imported $313M in Cocoa Paste, mainly from Netherlands ($185M), Germany ($66.2M), France ($34.6M), United Kingdom ($9.65M), and Ghana ($5.98M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Poland$8.74M (94.5%)
Switzerland$4.57M (144%)
Spain$870k (91.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Belgium WERE (2021 - 2022):
Russia-$2.72M (-98.5%)
Norway-$2.62M (-23.5%)
Sweden-$2.6M (-17%)
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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 Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, Belgium's main importing competitors in Cocoa Paste were:
United States $489M
Netherlands $443M
Germany $329M

Explore Visualizations

Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.48M
TOP IMPORT POTENTIALFrance+ $4.39M

Cocoa Paste’s highest export potential is Germany. With an export gap of $4.48M.   Cocoa Paste’s highest import potential is France with an import gap of $4.39M.

See methodology.

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