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2023
Exports $27.7MWorld Rnk 16 / 153
Flag Rnk 590 / 1212
2023
Destination $3.3M Brazil
2022 - 2023
FASTEST GROWING MARKET $3.3MPoland
2023
PRODUCT COMPLEXITY IN Cocoa Powder-0.7Rnk 759 / 1025
2023
Imports $96.5MWorld Rnk 11 / 214
Flag Rnk 563 / 1211
2023
Origin $2.96M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.96MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $27.7M in Cocoa Powder, making it the 16th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 590th most exported product in Canada. The main destination of Cocoa Powder exports from Canada are: Brazil ($10.1M), Turkey ($8.31M), Australia ($4.09M), Poland ($3.3M), and United States ($1.12M).

The fastest growing export markets for Cocoa Powder of Canada between 2022 and 2023 were Poland ($3.3M), Turkey ($2.51M), and Brazil ($2.47M).

Imports In 2023, Canada imported $96.5M in Cocoa Powder, becoming the 11th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 563rd most imported product in Canada. Canada imports Cocoa Powder primarily from: United States ($41.6M), Netherlands ($16.5M), Malaysia ($12.2M), Indonesia ($6.59M), and France ($4.81M).

The fastest growing import markets in Cocoa Powder for Canada between 2022 and 2023 were United States ($2.96M), Germany ($2.4M), and Malaysia ($1.49M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Cocoa Powder exports accounted up to C$8.55M and imports accounted up to C$14.5M, resulting in a negative trade balance of C$5.91M. Between November 2023 and November 2024 the exports of Canada's   Cocoa Powder have increased by C$6.63M (346%) from C$1.92M to C$8.55M, while imports increased by C$1.96M (15.7%) from C$12.5M to C$14.5M.

Destinations In November 2024, Cocoa Powder were exported mostly to Poland (C$3.06M), Brazil (C$2.4M), Turkey (C$1.6M), Mexico (C$1M), and Australia (C$342k), and were imported mostly from United States (C$7.17M), Netherlands (C$2.22M), Germany (C$1.12M), Malaysia (C$1.02M), and Spain (C$668k).

Growth In November 2024, the increase in Cocoa Powder's year-by-year exports was explained primarily by an increase in exports to Turkey (C$1.73M or 493%), Australia (C$32.5k or 10.4%), and Brazil (C$20.4k or 2.85%). In November 2024, the increase in Cocoa Powder's year-by-year imports was explained primarily by an increase in imports from United States (C$1.63M or 48.5%), Indonesia (C$1.52M or 1.77k%), and Malaysia (C$649k or 61.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$6.63M(346%)
IMPORT GROWTH (November 2023 - November 2024)C$1.96M(15.7%)
MAIN EXPORTER (November 2024)OntarioC$8.47M
MAIN DESTINATION (November 2024)PolandC$3.06M

This section shows Cocoa Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$27.7M
IMPORTS (2023)$96.5M
NET TRADE (2023)-$68.8M

In 2023, Canada exported $27.7M in Cocoa Powder. The main destinations of Canada exports on Cocoa Powder were Brazil ($10.1M), Turkey ($8.31M), Australia ($4.09M), Poland ($3.3M), and United States ($1.12M).

In 2023, Canada imported $96.5M in Cocoa Powder, mainly from United States ($41.6M), Netherlands ($16.5M), Malaysia ($12.2M), Indonesia ($6.59M), and France ($4.81M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Poland$3.3M (1%)
Turkey$2.51M (43.1%)
Brazil$2.47M (32.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Canada WERE (2022 - 2023):
Mexico-$2.99M (-81.5%)
United States-$102k (-8.35%)
China-$96.1k (-70.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Cocoa Powder were:
Netherlands $933M
Malaysia $462M
Germany $360M
In 2023, Canada's main importing competitors in Cocoa Powder were:
United States $388M
Netherlands $197M
China $175M

Explore Visualizations

Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.63M
TOP IMPORT POTENTIALIndonesia+ $1.82M

Cocoa Powder’s highest export potential is United States. With an export gap of $3.63M.   Cocoa Powder’s highest import potential is Indonesia with an import gap of $1.82M.

See methodology.

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