Cocoa Butter in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $94.5M in Cocoa Butter, making it the 11th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 751st most exported product in United States. The main destination of Cocoa Butter exports from United States are: Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

The fastest growing export markets for Cocoa Butter of United States between 2021 and 2022 were Malaysia ($2.11M), Mexico ($1.1M), and Kuwait ($514k).

Imports In 2022, United States imported $598M in Cocoa Butter, becoming the 2nd largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 494th most imported product in United States. United States imports Cocoa Butter primarily from: Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

The fastest growing import markets in Cocoa Butter for United States between 2021 and 2022 were Malaysia ($39.1M), Ghana ($23.3M), and Mexico ($20M).

COMPANIES In 2023, leading companies such as HALL S WAREHOUSE CORPORATION (209), BARRY CALLEBAUT USA, LLC (202), and LINEAGE LOGISTICS (86) were at the forefront of shipping Cocoa Butter to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Cocoa Butter exports accounted up to $11.2M and imports accounted up to $44M, resulting in a negative trade balance of $32.8M. Between February 2023 and February 2024 the exports of United States' Cocoa Butter have increased by $4.71M (72.8%) from $6.46M to $11.2M, while imports increased by $1.3M (3.05%) from $42.7M to $44M.

Destinations In February 2024, Cocoa Butter were exported mostly to Canada ($10.6M), Mexico ($439k), Netherlands ($85.8k), United Arab Emirates ($6.73k), and Jamaica ($3.15k), and were imported mostly from Malaysia ($14.5M), Indonesia ($5.95M), Ghana ($3.99M), Peru ($3.74M), and Brazil ($3.43M).

Growth In February 2024, the increase in Cocoa Butter's year-by-year exports was explained primarily by an increase in exports to Mexico ($119k or 2.85k%). In February 2024, the increase in Cocoa Butter's year-by-year imports was explained primarily by an increase in imports from Cote d'Ivoire ($4.58M or 770%), Indonesia ($4.14M or 27.9%), and Malaysia ($3.71M or 66.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$4.71M(72.8%)

IMPORT GROWTH (February 2023 - February 2024)$1.3M(3.05%)

MAIN EXPORTER (February 2024)Pennsylvania$8.61M

MAIN DESTINATION (February 2024)Canada$10.6M

This section shows Cocoa Butter's exports and imports data at subnational level for United States. 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 Butter over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$94.5M

IMPORTS (2022)$598M

NET TRADE (2022)-$503M

In 2022, United States exported $94.5M in Cocoa Butter. The main destinations of United States exports on Cocoa Butter were Canada ($86.7M), Malaysia ($2.29M), Mexico ($2.22M), Kuwait ($607k), and Saudi Arabia ($500k).

In 2022, United States imported $598M in Cocoa Butter, mainly from Indonesia ($170M), Malaysia ($153M), Canada ($39.5M), Ghana ($37.9M), and Peru ($36.4M).

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