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2022
Exports $34.4MWorld Rnk 17 / 105
Flag Rnk 572 / 1210
2022
Destination $9.18M United States
2021 - 2022
FASTEST GROWING MARKET $9.18MUnited States
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $81.1MWorld Rnk 12 / 169
Flag Rnk 608 / 1213
2022
Origin $8.68M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.68MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $34.4M in Cocoa Paste, making it the 17th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 572nd most exported product in Canada. The main destination of Cocoa Paste exports from Canada are: United States ($32.9M), Canada ($1.18M), Mexico ($269k), Hong Kong ($200), and France ($172).

The fastest growing export markets for Cocoa Paste of Canada between 2021 and 2022 were United States ($9.18M), Canada ($385k), and Switzerland ($152).

Imports In 2022, Canada imported $81.1M in Cocoa Paste, becoming the 12th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 608th most imported product in Canada. Canada imports Cocoa Paste primarily from: United States ($41M), Belgium ($9.61M), Cote d'Ivoire ($9.38M), Ecuador ($9.25M), and Ghana ($5.66M).

The fastest growing import markets in Cocoa Paste for Canada between 2021 and 2022 were United States ($8.68M), Cote d'Ivoire ($4.99M), and Ecuador ($3.95M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Cocoa Paste exports accounted up to C$6.86M and imports accounted up to C$15.2M, resulting in a negative trade balance of C$8.35M. Between June 2023 and June 2024 the exports of Canada's   Cocoa Paste have increased by C$3.56M (108%) from C$3.3M to C$6.86M, while imports increased by C$3.68M (31.9%) from C$11.5M to C$15.2M.

Destinations In June 2024, Cocoa Paste were exported mostly to United States (C$6.86M), and were imported mostly from United States (C$6.44M), Cote d'Ivoire (C$3.54M), Belgium (C$3.06M), Ecuador (C$1.11M), and Netherlands (C$551k).

Growth In June 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to United States (C$734k or 28.6%). In June 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Ghana (C$1.15M or 363%), Ecuador (C$770k or 113%), and Cote d'Ivoire (C$443k or 25.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$3.56M(108%)
IMPORT GROWTH (June 2023 - June 2024)C$3.68M(31.9%)
MAIN EXPORTER (June 2024)QuebecC$4.21M
MAIN DESTINATION (June 2024)United StatesC$6.86M

This section shows Cocoa Paste's exports and imports data at subnational level for Canada. 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)$34.4M
IMPORTS (2022)$81.1M
NET TRADE (2022)-$46.7M

In 2022, Canada exported $34.4M in Cocoa Paste. The main destinations of Canada exports on Cocoa Paste were United States ($32.9M), Canada ($1.18M), Mexico ($269k), Hong Kong ($200), and France ($172).

In 2022, Canada imported $81.1M in Cocoa Paste, mainly from United States ($41M), Belgium ($9.61M), Cote d'Ivoire ($9.38M), Ecuador ($9.25M), and Ghana ($5.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$9.18M (38.6%)
Canada$385k (48.6%)
Switzerland$152 (3.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Canada WERE (2021 - 2022):
Mexico-$306k (-53.3%)
Belgium-$45.9k (-99.6%)
France-$1.4k (-89.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, Canada's main importing competitors in Cocoa Paste were:
United States $489M
Netherlands $443M
Germany $329M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.1M
TOP IMPORT POTENTIALCote d'Ivoire+ $8.46M

Cocoa Paste’s highest export potential is United States. With an export gap of $10.1M.   Cocoa Paste’s highest import potential is Cote d'Ivoire with an import gap of $8.46M.

See methodology.

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