Analysis and Studies - Products analysis

Chocolate: export and import

 

Chocolate is a food made from roasted and ground cacao seed kernels that is available as a liquid, solid or paste, either on its own or as a flavoring agent in other foods.

It’s one of the most popular food types and flavors in the world, and many foodstuffs involving chocolate exist, particularly desserts, including cakes, pudding, mousse, chocolate brownies and chip cookies. Chocolate is also used in cold and hot beverages, such as chocolate milk and hot chocolate, and in some alcoholic drinks, such as crème de cacao.

 

In 2021, Chocolate were the world's 141st most traded product, with a total trade of $32.7B. Between 2020 and 2021 the exports of Chocolate grew by 14.2%, from $28.7B to $32.7B. Trade in Chocolate represent 0.16% of total world trade.

Chocolate are a part of Cocoa & cocoa preparations. They include Miscellaneous Chocolate/Cocoa PreparationsChocolate ProductsFilled Chocolate Blocks/Bars, and Sweetened Cocoa Powder.

Exports 

In 2021 the top exporters of Chocolate  were Germany who contributed significantly with exports worth $5.52 billion, Belgium, whose exports amounted to $3.24 billion, Italy with export value of $2.48 billion, Poland and Netherlands who played key roles in the global export market, with exports valued at $2.31 billion and $1.99 billion, respectively.

Imports

 In 2021 the top importers of Chocolate were United States with import value of $3.26 billion, Germany who plays a key role in the global import market with imports valued at $2.57 billion, France with import value of $2.42 billion, United Kingdom and Netherlands with imports valued at $2.4 billion and $1.65 billion, respectively.

 In 2018 the average tariff for Chocolate was 31.3%, making it the 22nd  lowest tariff using the HS4 product classification.

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