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2022
Exports $43.4MWorld Rnk 16 / 105
Flag Rnk 582 / 1216
2022
Destination $7.56M Ireland
2021 - 2022
FASTEST GROWING MARKET $7.56MBelgium
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $64.6MWorld Rnk 17 / 169
Flag Rnk 690 / 1214
2022
Origin $12M Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $12MCote d'Ivoire
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $43.4M in Cocoa Paste, making it the 16th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 582nd most exported product in United Kingdom. The main destination of Cocoa Paste exports from United Kingdom are: Ireland ($20M), Belgium ($9.65M), Poland ($5.47M), France ($2.77M), and Spain ($2.57M).

The fastest growing export markets for Cocoa Paste of United Kingdom between 2021 and 2022 were Belgium ($7.56M), France ($1.4M), and Spain ($164k).

Imports In 2022, United Kingdom imported $64.6M in Cocoa Paste, becoming the 17th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 690th most imported product in United Kingdom. United Kingdom imports Cocoa Paste primarily from: Cote d'Ivoire ($31M), Netherlands ($11M), France ($5.86M), Germany ($5.27M), and Ghana ($5.01M).

The fastest growing import markets in Cocoa Paste for United Kingdom between 2021 and 2022 were Cote d'Ivoire ($12M), Germany ($2.67M), and Nigeria ($1.72M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Cocoa Paste exports accounted up to £4.26M and imports accounted up to £11.7M, resulting in a negative trade balance of £7.48M. Between August 2023 and August 2024 the exports of United Kingdom's   Cocoa Paste have decreased by £-780k (-15.5%) from £5.04M to £4.26M, while imports increased by £8.07M (220%) from £3.67M to £11.7M.

Destinations In August 2024, Cocoa Paste were exported mostly to Ireland (£1.77M), Poland (£1.03M), Bulgaria (£966k), Spain (£422k), and Portugal (£43.9k), and were imported mostly from Ghana (£7.34M), Netherlands (£2.34M), Cote d'Ivoire (£1.78M), France (£130k), and Peru (£98.4k).

Growth In August 2024, the decrease in Cocoa Paste's year-by-year exports was explained primarily by a decrease in exports to Spain (£-204k or -89%). In August 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Germany (£37.7k or 17.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-780k(-15.5%)
IMPORT GROWTH (August 2023 - August 2024)£8.07M(220%)
MAIN EXPORTER (August 2024)Liverpool£3.69M
MAIN DESTINATION (August 2024)Ireland£1.77M

This section shows Cocoa Paste's exports and imports data at subnational level for United Kingdom. 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)$43.4M
IMPORTS (2022)$64.6M
NET TRADE (2022)-$21.2M

In 2022, United Kingdom exported $43.4M in Cocoa Paste. The main destinations of United Kingdom exports on Cocoa Paste were Ireland ($20M), Belgium ($9.65M), Poland ($5.47M), France ($2.77M), and Spain ($2.57M).

In 2022, United Kingdom imported $64.6M in Cocoa Paste, mainly from Cote d'Ivoire ($31M), Netherlands ($11M), France ($5.86M), Germany ($5.27M), and Ghana ($5.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$7.56M (362%)
France$1.4M (103%)
Spain$164k (6.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY United Kingdom WERE (2021 - 2022):
Ireland-$3.59M (-15.2%)
Bulgaria-$1.01M (-30%)
Uruguay-$437k (-61%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, United Kingdom'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 POTENTIALFrance+ $1.9M
TOP IMPORT POTENTIALCote d'Ivoire+ $6.73M

Cocoa Paste’s highest export potential is France. With an export gap of $1.9M.   Cocoa Paste’s highest import potential is Cote d'Ivoire with an import gap of $6.73M.

See methodology.

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