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2022
Exports $53.2MWorld Rnk 62 / 199
Flag Rnk 78 / 96
2022
Destination $7.46M Spain
2021 - 2022
FASTEST GROWING MARKET $7.46MSpain
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations0.14Rnk 508 / 1025
2022
Imports $309MWorld Rnk 38 / 225
Flag Rnk 59 / 96
2022
Origin $16.2M Spain
2021 - 2022
FASTEST GROWING ORIGIN $16.2MSpain
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $53.2M in Cocoa & cocoa preparations, making it the 62nd largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 78th most exported product in Portugal. The main destination of Cocoa & cocoa preparations exports from Portugal are: Spain ($25.2M), Angola ($2.65M), United Arab Emirates ($2.56M), Brazil ($2.56M), and Switzerland ($1.8M).

The fastest growing export markets for Cocoa & cocoa preparations of Portugal between 2021 and 2022 were Spain ($7.46M), United Arab Emirates ($1.33M), and Brazil ($781k).

Imports In 2022, Portugal imported $309M in Cocoa & cocoa preparations, becoming the 38th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 59th most imported product in Portugal. Portugal imports Cocoa & cocoa preparations primarily from: Spain ($97.3M), Germany ($65.2M), Italy ($46.4M), Netherlands ($21.4M), and France ($20.8M).

The fastest growing import markets in Cocoa & cocoa preparations for Portugal between 2021 and 2022 were Spain ($16.2M), Netherlands ($3.16M), and Germany ($2.98M).

COMPANIES In 2023, leading companies such as IKEA Group (171), Barry Callebaut (20), and Walmart (2) were at the forefront of shipping Cocoa & cocoa preparations from Portugal to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Portugal's Cocoa & cocoa preparations exports accounted up to €7.35M and imports accounted up to €21.7M, resulting in a negative trade balance of €14.4M. Between June 2023 and June 2024 the exports of Portugal's   Cocoa & cocoa preparations have increased by €3.51M (91.6%) from €3.84M to €7.35M, while imports increased by €3.43M (18.8%) from €18.3M to €21.7M.

Destinations In June 2024, Cocoa & cocoa preparations were exported mostly to Spain (€3.81M), Italy (€712k), Saudi Arabia (€369k), Angola (€343k), and Belgium (€172k), and were imported mostly from Spain (€8.07M), Germany (€4.39M), France (€2.91M), Italy (€1.72M), and Belgium (€1.55M).

Growth In June 2024, the increase in Cocoa & cocoa preparations's year-by-year exports was explained primarily by an increase in exports to Spain (€740k or 42.7%), Switzerland (€180k or 239%), and Italy (€160k or 37k%). In June 2024, the increase in Cocoa & cocoa preparations's year-by-year imports was explained primarily by an increase in imports from Italy (€2.16M or 70.1%), Germany (€1.07M or 26.5%), and Spain (€904k or 15%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€3.51M(91.6%)
IMPORT GROWTH (June 2023 - June 2024)€3.43M(18.8%)
MAIN DESTINATION (June 2024)Spain€3.81M

This section shows Cocoa & cocoa preparations's exports and imports data at subnational level for Portugal. 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 & cocoa preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$53.2M
IMPORTS (2022)$309M
NET TRADE (2022)-$256M

In 2022, Portugal exported $53.2M in Cocoa & cocoa preparations. The main destinations of Portugal exports on Cocoa & cocoa preparations were Spain ($25.2M), Angola ($2.65M), United Arab Emirates ($2.56M), Brazil ($2.56M), and Switzerland ($1.8M).

In 2022, Portugal imported $309M in Cocoa & cocoa preparations, mainly from Spain ($97.3M), Germany ($65.2M), Italy ($46.4M), Netherlands ($21.4M), and France ($20.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$7.46M (42.1%)
United Arab Emirates$1.33M (108%)
Brazil$781k (44%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Portugal WERE (2021 - 2022):
France-$1.06M (-65%)
Libya-$962k (-65.6%)
Morocco-$458k (-41.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Cocoa & cocoa preparations were:
Germany $6.74B
Cote d'Ivoire $5.39B
Netherlands $5.36B
In 2022, Portugal's main importing competitors in Cocoa & cocoa preparations were:
United States $6.22B
Netherlands $4.41B
Germany $4.41B

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $4.61M
TOP IMPORT POTENTIALBelgium+ $5.56M

Cocoa & cocoa preparations’s highest export potential is Spain. With an export gap of $4.61M.   Cocoa & cocoa preparations’s highest import potential is Belgium with an import gap of $5.56M.

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