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2018
Exports $24.6MWorld Rnk 15 / 147
Flag Rnk 700 / 1213
2018
Destination $1.96M Italy
2021 - 2022
FASTEST GROWING MARKET $1.96MItaly
2022
PRODUCT COMPLEXITY IN Cocoa Powder-0.69Rnk 755 / 1025
2018
Imports $91.1MWorld Rnk 10 / 215
Flag Rnk 538 / 1214
2018
Origin $7.89M France
2021 - 2022
FASTEST GROWING ORIGIN $7.89MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2018, Belgium exported $24.6M in Cocoa Powder, making it the 15th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 700th most exported product in Belgium. The main destination of Cocoa Powder exports from Belgium are: Italy ($2.92M), France ($2.45M), Spain ($2.03M), Netherlands ($1.95M), and Russia ($1.63M).

The fastest growing export markets for Cocoa Powder of Belgium between 2021 and 2022 were Italy ($1.96M), Spain ($974k), and France ($904k).

Imports In 2022, Belgium imported $91.1M in Cocoa Powder, becoming the 10th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 538th most imported product in Belgium. Belgium imports Cocoa Powder primarily from: France ($31.8M), Netherlands ($24.6M), Germany ($20.4M), Spain ($12.5M), and Poland ($646k).

The fastest growing import markets in Cocoa Powder for Belgium between 2021 and 2022 were France ($7.89M), Poland ($551k), and Germany ($380k).

COMPANIES In 2023, leading companies such as Barry Callebaut (14) were at the forefront of shipping Cocoa Powder from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Cocoa Powder exports accounted up to €4.2M and imports accounted up to €12.1M, resulting in a negative trade balance of €7.93M. Between July 2023 and July 2024 the exports of Belgium's   Cocoa Powder have increased by €1.61M (62.4%) from €2.58M to €4.2M, while imports increased by €5.87M (94%) from €6.25M to €12.1M.

Destinations In July 2024, Cocoa Powder were exported mostly to Algeria (€762k), France (€348k), Italy (€345k), United States (€335k), and Malaysia (€331k), and were imported mostly from Netherlands (€4.69M), Spain (€3.47M), France (€2.3M), Germany (€1.54M), and Croatia (€50.4k).

Growth In July 2024, the increase in Cocoa Powder's year-by-year exports was explained primarily by an increase in exports to United States (€778k or 3.33k%), France (€398k or 1.12k%), and Canada (€213k or 711%). In July 2024, the increase in Cocoa Powder's year-by-year imports was explained primarily by an increase in imports from France (€1.17M or 68.8%), Netherlands (€763k or 37.4%), and Spain (€470k or 38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€1.61M(62.4%)
IMPORT GROWTH (July 2023 - July 2024)€5.87M(94%)
MAIN DESTINATION (July 2024)Algeria€762k

This section shows Cocoa Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.6M
IMPORTS (2022)$91.1M
NET TRADE (2022)-$66.5M

In 2022, Belgium exported $24.6M in Cocoa Powder. The main destinations of Belgium exports on Cocoa Powder were Italy ($2.92M), France ($2.45M), Spain ($2.03M), Netherlands ($1.95M), and Russia ($1.63M).

In 2022, Belgium imported $91.1M in Cocoa Powder, mainly from France ($31.8M), Netherlands ($24.6M), Germany ($20.4M), Spain ($12.5M), and Poland ($646k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$1.96M (205%)
Spain$974k (92.4%)
France$904k (58.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Belgium WERE (2021 - 2022):
United Kingdom-$1.08M (-47.6%)
Germany-$1.03M (-69%)
Iran-$553k (-81.6%)
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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 Powder were:
Netherlands $846M
Malaysia $419M
Germany $325M
In 2022, Belgium's main importing competitors in Cocoa Powder were:
United States $363M
Netherlands $168M
China $151M

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.2M
TOP IMPORT POTENTIALNetherlands+ $7.94M

Cocoa Powder’s highest export potential is Germany. With an export gap of $2.2M.   Cocoa Powder’s highest import potential is Netherlands with an import gap of $7.94M.

See methodology.

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