2023
Exports
$38.1MWorld Rnk 19 / 107
Flag Rnk 880 / 1217
2023
PRODUCT COMPLEXITY IN Cocoa Paste
-0.83Rnk 788 / 1025
2023
Imports
$560MWorld Rnk 1 / 167
Flag Rnk 496 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $38.1M in Cocoa Paste, making it the 19th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 880th most exported product in United States. The main destination of Cocoa Paste exports from United States are: Canada ($30.2M), Mexico ($4.99M), Bulgaria ($837k), Brazil ($640k), and Netherlands ($630k).

The fastest growing export markets for Cocoa Paste of United States between 2022 and 2023 were Bulgaria ($430k), Netherlands ($357k), and Canada ($290k).

Imports In 2023, United States imported $560M in Cocoa Paste, becoming the 1st largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 496th most imported product in United States. United States imports Cocoa Paste primarily from: Cote d'Ivoire ($298M), Ghana ($68.7M), Ecuador ($57.5M), Nigeria ($37M), and Canada ($30.7M).

The fastest growing import markets in Cocoa Paste for United States between 2022 and 2023 were Nigeria ($32.9M), Ecuador ($24.8M), and Cote d'Ivoire ($22.2M).

COMPANIES In 2023, leading companies such as Barry Callebaut (197), Wismettac Asian Foods (49), and Goya Foods (14) were at the forefront of shipping Cocoa Paste to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$3.24M(46.2%)
IMPORT GROWTH (November 2023 - November 2024)$26.1M(71.5%)
MAIN EXPORTER (November 2024)Pennsylvania$7.78M
MAIN DESTINATION (November 2024)Canada$7.2M

This section shows Cocoa Paste's exports and imports data at subnational level for United States. 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 (2023)$38.1M
IMPORTS (2023)$560M
NET TRADE (2023)-$522M

In 2023, United States exported $38.1M in Cocoa Paste. The main destinations of United States exports on Cocoa Paste were Canada ($30.2M), Mexico ($4.99M), Bulgaria ($837k), Brazil ($640k), and Netherlands ($630k).

In 2023, United States imported $560M in Cocoa Paste, mainly from Cote d'Ivoire ($298M), Ghana ($68.7M), Ecuador ($57.5M), Nigeria ($37M), and Canada ($30.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR United States WERE (2022 - 2023):
Bulgaria$430k (106%)
Netherlands$357k (130%)
Canada$290k (0.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY United States WERE (2022 - 2023):
Brazil-$942k (-59.6%)
Russia-$634k (-100%)
Ukraine-$38k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Cocoa Paste were:
In 2023, United States's main importing competitors in Cocoa Paste were:

Explore Visualizations

Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $608k
TOP IMPORT POTENTIALGhana+ $21.7M

Cocoa Paste’s highest export potential is Brazil. With an export gap of $608k.   Cocoa Paste’s highest import potential is Ghana with an import gap of $21.7M.

See methodology.

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