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Chocolate and other food preparations containing cocoa

1806 (Harmonized System 1992 for 4-digit)

2022
World Trade $33.6BRnk 140 / 1218
2022
Top Exporter | Top Importer $5.61B | $3.81BGermany | United States
2022
Product Complexity 0.27Rnk 472 / 1033
2021 - 2022
Export Growth (CAGR) 2.69%Rnk 726 / 1218
2022
Share of World Trade 0.14%Rnk 140 / 1218

About

Overview This page contains the latest trade data of Chocolate. In 2022, Chocolate were the world's 140th most traded product, with a total trade of $33.6B. Between 2021 and 2022 the exports of Chocolate grew by 2.69%, from $32.7B to $33.6B. Trade in Chocolate represent 0.14% of total world trade.

Chocolate are a part of Cocoa & cocoa preparations. They include Miscellaneous Chocolate/Cocoa Preparations, Unfilled Chocolate Blocks/Bars (Contains Cocoa, >2kg), Chocolate Products (Contains Cocoa, >2kg), Filled Chocolate Blocks/Bars (Contains Cocoa, >2kg), and Sweetened Cocoa Powder.

Exports In 2022 the top exporters of Chocolate  were Germany ($5.61B), Belgium ($3.01B), Italy ($2.46B), Poland ($2.37B), and Netherlands ($2.1B).

Imports In 2022 the top importers of Chocolate were United States ($3.81B), Germany ($2.53B), France ($2.33B), United Kingdom ($2.29B), and Netherlands ($1.65B).

Ranking Chocolate ranks 472nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Chocolate. 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$5.61B
Top Destination (2022)United States$3.81B

In 2022 Chocolate were the world's 140th most traded product (out of 1,218).

In 2022, the top exporters of Chocolate were Germany ($5.61B), Belgium ($3.01B), Italy ($2.46B), Poland ($2.37B), and Netherlands ($2.1B).

In 2022, the top importers of Chocolate were United States ($3.81B), Germany ($2.53B), France ($2.33B), United Kingdom ($2.29B), and Netherlands ($1.65B).

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Exporters of Chocolate (2022)
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Importers of Chocolate (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$205M
Top Destination Growth (2021 -  2022)United States$533M

Between 2021 and 2022, the exports of Chocolate grew the fastest in Canada ($205M), Turkey ($155M), United Arab Emirates ($154M), Netherlands ($130M), and Germany ($97.3M).

Between 2021 and 2022, the fastest growing importers of Chocolate were United States ($533M), Kuwait ($203M), Saudi Arabia ($105M), United Arab Emirates ($69.2M), and Canada ($62.4M).

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Exporters of Chocolate (2021 - 2022)

Importers of Chocolate (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Chocolate.

In 2022, market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Chocolate are explained by 26 countries.

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Value of Exports in Chocolate

Net Trade

TOP NET EXPORTER (2022)Germany$3.08B
TOP NET IMPORTER (2022)United States$2.11B

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

In 2022, the countries that had a largest trade value in exports than in imports of Chocolate were Germany ($3.08B), Belgium ($1.89B), Italy ($1.79B), Poland ($1.25B), and Canada ($765M).

In 2022, the countries that had a largest trade value in imports than in exports of Chocolate were United States ($2.11B), United Kingdom ($1.27B), France ($873M), Saudi Arabia ($603M), and Japan ($514M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Chocolate, disaggragated by their HS6 level were Miscellaneous Chocolate/Cocoa Preparations ($16B), Chocolate Products (Contains Cocoa, >2kg) ($5.94B), Unfilled Chocolate Blocks/Bars (Contains Cocoa, >2kg) ($5.72B), Filled Chocolate Blocks/Bars (Contains Cocoa, >2kg) ($5.53B), and Sweetened Cocoa Powder ($432M)

HS6 Disaggregation for Chocolate (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Chocolate by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMexico+ $10.4M
TOP IMPORT POTENTIALGermany+ $26.6M

Chocolate’s highest export potential is Mexico. With an export gap of $10.4M.  Chocolate’s highest import potential is Germany with an import gap of $26.6M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Chocolate.

Country by Relatedness

The following visualization shows the relatedness of Chocolate to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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