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2022
Exports $33.7MWorld Rnk 19 / 105
Flag Rnk 723 / 1214
2022
Destination $1.93M France
2021 - 2022
FASTEST GROWING MARKET $1.93MItaly
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $217MWorld Rnk 7 / 169
Flag Rnk 344 / 1214
2022
Origin $19.6M Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $19.6MCote d'Ivoire
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $33.7M in Cocoa Paste, making it the 19th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 723rd most exported product in Spain. The main destination of Cocoa Paste exports from Spain are: France ($6.57M), Italy ($5.54M), United Kingdom ($1.87M), South Korea ($1.84M), and United States ($1.7M).

The fastest growing export markets for Cocoa Paste of Spain between 2021 and 2022 were Italy ($1.93M), United States ($1.53M), and Portugal ($1.09M).

Imports In 2022, Spain imported $217M in Cocoa Paste, becoming the 7th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 344th most imported product in Spain. Spain imports Cocoa Paste primarily from: Cote d'Ivoire ($104M), Ghana ($33.9M), Indonesia ($20.5M), Netherlands ($17.3M), and Cameroon ($12.9M).

The fastest growing import markets in Cocoa Paste for Spain between 2021 and 2022 were Cote d'Ivoire ($19.6M), Peru ($6.73M), and France ($2.91M).

COMPANIES In 2023, leading companies such as Barry Callebaut (11) were at the forefront of shipping Cocoa Paste from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Cocoa Paste exports accounted up to €7.56M and imports accounted up to €33.2M, resulting in a negative trade balance of €25.7M. Between June 2023 and June 2024 the exports of Spain's   Cocoa Paste have increased by €4.18M (124%) from €3.38M to €7.56M, while imports increased by €9.82M (41.9%) from €23.4M to €33.2M.

Destinations In June 2024, Cocoa Paste were exported mostly to Italy (€2.23M), France (€2.07M), Germany (€591k), South Korea (€550k), and United States (€541k), and were imported mostly from Cote d'Ivoire (€18.4M), Ghana (€4.1M), Netherlands (€3.55M), Germany (€1.94M), and Cameroon (€1.09M).

Growth In June 2024, the increase in Cocoa Paste's year-by-year exports was explained primarily by an increase in exports to France (€327k or 83.9%), South Korea (€74.7k or 97.1%), and Italy (€70.8k or 16.8%). In June 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Indonesia (€1.2M or 107%), Switzerland (€1.12M or 1.17M%), and Cote d'Ivoire (€920k or 9.06%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€4.18M(124%)
IMPORT GROWTH (June 2023 - June 2024)€9.82M(41.9%)
MAIN EXPORTER (June 2024)Barcelona€6.03M
MAIN DESTINATION (June 2024)Italy€2.23M

This section shows Cocoa Paste's exports and imports data at subnational level for Spain. 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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.7M
IMPORTS (2022)$217M
NET TRADE (2022)-$183M

In 2022, Spain exported $33.7M in Cocoa Paste. The main destinations of Spain exports on Cocoa Paste were France ($6.57M), Italy ($5.54M), United Kingdom ($1.87M), South Korea ($1.84M), and United States ($1.7M).

In 2022, Spain imported $217M in Cocoa Paste, mainly from Cote d'Ivoire ($104M), Ghana ($33.9M), Indonesia ($20.5M), Netherlands ($17.3M), and Cameroon ($12.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$1.93M (53.4%)
United States$1.53M (917%)
Portugal$1.09M (23.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Spain WERE (2021 - 2022):
France-$1.01M (-13.3%)
United Arab Emirates-$684k (-61.1%)
Saudi Arabia-$667k (-38.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Cocoa Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, Spain's main importing competitors in Cocoa Paste were:
United States $489M
Netherlands $443M
Germany $329M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.42M
TOP IMPORT POTENTIALFrance+ $4.49M

Cocoa Paste’s highest export potential is France. With an export gap of $2.42M.   Cocoa Paste’s highest import potential is France with an import gap of $4.49M.

See methodology.

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