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Cocoa and cocoa preparations

18 (Harmonized System 1992 for 2-digit)

2022
World Trade $54.7BRnk 58 / 96
2022
Top Exporter | Top Importer $6.74B | $6.22BGermany | United States
2022
Product Complexity -0.79Rnk 76 / 96
2021 - 2022
Export Growth (CAGR) -2.96%Rnk 81 / 96
2022
Share of World Trade 0.23%Rnk 58 / 96

About

Overview This page contains the latest trade data of Cocoa & cocoa preparations. In 2022, Cocoa & cocoa preparations were the world's 58th most traded product, with a total trade of $54.7B. Between 2021 and 2022 the exports of Cocoa & cocoa preparations decreased by -2.96%, from $56.3B to $54.7B. Trade in Cocoa & cocoa preparations represent 0.23% of total world trade.

Cocoa & cocoa preparations are a part of Foodstuffs. They include Chocolate, Cocoa Beans, Cocoa Butter, Cocoa Paste, Cocoa Powder, and Cocoa Shells.

Exports In 2022 the top exporters of Cocoa & cocoa preparations  were Germany ($6.74B), Cote d'Ivoire ($5.39B), Netherlands ($5.36B), Belgium ($3.3B), and Italy ($2.53B).

Imports In 2022 the top importers of Cocoa & cocoa preparations were United States ($6.22B), Netherlands ($4.41B), Germany ($4.41B), France ($3.46B), and United Kingdom ($2.79B).

Ranking Cocoa & cocoa preparations ranks 76th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Cocoa & cocoa preparations. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$6.74B
Top Destination (2022)United States$6.22B

In 2022 Cocoa & cocoa preparations were the world's 58th most traded product (out of 96).

In 2022, the top exporters of Cocoa & cocoa preparations were Germany ($6.74B), Cote d'Ivoire ($5.39B), Netherlands ($5.36B), Belgium ($3.3B), and Italy ($2.53B).

In 2022, the top importers of Cocoa & cocoa preparations were United States ($6.22B), Netherlands ($4.41B), Germany ($4.41B), France ($3.46B), and United Kingdom ($2.79B).

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Exporters of Cocoa & cocoa preparations (2022)
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Importers of Cocoa & cocoa preparations (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$206M
Top Destination Growth (2021 -  2022)United States$337M

Between 2021 and 2022, the exports of Cocoa & cocoa preparations grew the fastest in Canada ($206M), Turkey ($171M), United Arab Emirates ($147M), Ecuador ($126M), and Malaysia ($119M).

Between 2021 and 2022, the fastest growing importers of Cocoa & cocoa preparations were United States ($337M), Kuwait ($206M), India ($115M), Saudi Arabia ($105M), and Canada ($85.6M).

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Exporters of Cocoa & cocoa preparations (2021 - 2022)

Importers of Cocoa & cocoa preparations (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cocoa & cocoa preparations.

In 2022, market concentration measured using Shannon Entropy, was 4.96. This means that most of the exports of Cocoa & cocoa preparations are explained by 31 countries.

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Value of Exports in Cocoa & cocoa preparations

Net Trade

TOP NET EXPORTER (2022)Cote d'Ivoire$5.38B
TOP NET IMPORTER (2022)United States$4.27B

This map shows which countries export or import more of Cocoa & cocoa preparations. Each country is colored based on the difference in exports and imports of Cocoa & cocoa preparations during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cocoa & cocoa preparations were Cote d'Ivoire ($5.38B), Germany ($2.32B), Ghana ($1.94B), Italy ($1.08B), and Ecuador ($1.03B).

In 2022, the countries that had a largest trade value in imports than in exports of Cocoa & cocoa preparations were United States ($4.27B), United Kingdom ($1.68B), France ($1.24B), Japan ($859M), and Saudi Arabia ($640M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Cocoa & cocoa preparations, disaggragated by their HS6 level were Chocolate ($33.6B), Cocoa Beans ($8.29B), Cocoa Butter ($5.38B), Cocoa Paste ($4B), and Cocoa Powder ($3.15B)

HS6 Disaggregation for Cocoa & cocoa preparations (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cocoa & cocoa preparations.
It is possible to select the main countries that export or import Cocoa & cocoa preparations in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cocoa & cocoa preparations by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $18.1M
TOP IMPORT POTENTIALGermany+ $27.9M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $18.1M.  Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $27.9M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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