Cocoa and Cocoa Preparations
Code 18 (Harmonized System 2012 by 2 digits)
2023: US$1.51B, Total Trade Exchange
2023: US$818M, International Sales
2023: US$695M, International Purchases
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionUnited States: US$645M, Main commercial destination (2023)
In 2023, the countries with the most international purchases from Mexico were United States (US$645M), Canada (US$50.9M), Germany (US$30.3M), Guatemala (US$19.7M), and Netherlands (US$10.8M).
International Purchases
#permalink to sectionUnited States: US$261M, Main Commercial Origin (2023)
The countries with the most international sales to Mexico in 2023 were United States (US$261M), Cote d'Ivoire (US$105M), Ecuador (US$63.6M), Canada (US$58.9M), and Malaysia (US$38.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Cocoa and Cocoa Preparations and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Cocoa and Cocoa Preparations. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 1.4%, Mexican share in global exports - 2022
- 1.14%, Mexican share in global imports - 2022
The visualizations show the global market for Cocoa and Cocoa Preparations. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Cocoa and Cocoa Preparations were Germany (US$6.63B), Netherlands (US$5.36B), and Cote d'Ivoire (US$5.3B). In the same year, the main importing countries for Cocoa and Cocoa Preparations were United States (US$6.37B), Germany (US$4.42B), and Netherlands (US$4.34B).