Chocolate in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $386M in Chocolate, making it the 19th largest exporter of Chocolate in the world. At the same year, Chocolate was the 627th most exported product in China. The main destination of Chocolate exports from China are: Hong Kong ($52M), South Korea ($35.4M), Philippines ($32.4M), United States ($29M), and Malaysia ($19.8M).

The fastest growing export markets for Chocolate of China between 2021 and 2022 were Malaysia ($8.17M), Singapore ($7.06M), and South Korea ($5.77M).

Imports In 2022, China imported $415M in Chocolate, becoming the 20th largest importer of Chocolate in the world. At the same year, Chocolate was the 390th most imported product in China. China imports Chocolate primarily from: Belgium ($72.9M), Singapore ($38.6M), Russia ($38.4M), Switzerland ($33.2M), and Malaysia ($32.3M).

The fastest growing import markets in Chocolate for China between 2021 and 2022 were Singapore ($7.45M), Malaysia ($4.48M), and Kazakhstan ($3.86M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (2.17k), DUPONT SPECIALTY PRODUCTS USA, LLC (170), and WALMART INC (14) were at the forefront of shipping Chocolate from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Chocolate exports accounted up to $26.1M and imports accounted up to $29.4M, resulting in a negative trade balance of $3.32M. Between March 2023 and March 2024 the exports of China's Chocolate have increased by $3.41M (15.1%) from $22.6M to $26.1M, while imports decreased by $-1.9M (-6.09%) from $31.3M to $29.4M.

Destinations In March 2024, Chocolate were exported mostly to Hong Kong ($3.36M), South Korea ($2.45M), Philippines ($2.15M), Malaysia ($1.62M), and Thailand ($1.52M), and were imported mostly from Belgium ($5.83M), Italy ($4.53M), Malaysia ($2.73M), Russia ($1.74M), and United States ($1.6M).

Growth In March 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to South Korea ($798k or 30.4%), Japan ($778k or 104%), and Singapore ($777k or 238%). In March 2024, the decrease in Chocolate's year-by-year imports was explained primarily by a decrease in imports from Italy ($-5.91M or -42.1%), Russia ($-3.45M or -79.5%), and Singapore ($-2.41M or -53.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$3.41M(15.1%)

IMPORT GROWTH (March 2023 - March 2024)$-1.9M(-6.09%)

MAIN EXPORTER (March 2024)Guangdong Province$18.5M

MAIN DESTINATION (March 2024)Hong Kong$3.36M

This section shows Chocolate's exports and imports data at subnational level for China. 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 Chocolate over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$386M

IMPORTS (2022)$415M

NET TRADE (2022)-$28M

In 2022, China exported $386M in Chocolate. The main destinations of China exports on Chocolate were Hong Kong ($52M), South Korea ($35.4M), Philippines ($32.4M), United States ($29M), and Malaysia ($19.8M).

In 2022, China imported $415M in Chocolate, mainly from Belgium ($72.9M), Singapore ($38.6M), Russia ($38.4M), Switzerland ($33.2M), and Malaysia ($32.3M).

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