HS Code:
The category under HS Codes 1806.32.80 and 1806.90.10 pertains to chocolate and other food preparations containing cocoa. Subheading 1806.32.80 includes chocolate in blocks, slabs, or bars, not filled, while 1806.90.10 covers other cocoa preparations, often in powdered or granulated form, not elsewhere specified. These products are widely consumed globally, with applications in confectionery, baking, and beverage industries. Trade in this category is driven by consumer demand for chocolate products, seasonal trends (e.g., holidays), and the availability of raw cocoa from tropical regions.
Total Trade Volume
Approximately $25 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$4.8 billion USD
19.2% of total trade of total trade
Increasing
$3.2 billion USD
12.8% of total trade of total trade
Stable
$2.9 billion USD
11.6% of total trade of total trade
Increasing
$2.1 billion USD
8.4% of total trade of total trade
Stable
$1.8 billion USD
7.2% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
30% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for premium and organic chocolate
Increased market share for high-value products, benefiting exporters like Switzerland and Belgium
2021-2022
Sustainability and fair trade certification
Growing consumer preference for ethically sourced cocoa, influencing sourcing strategies of major importers
2020-2022
Growth in emerging markets
Higher consumption in Asia-Pacific and Latin America, driving export opportunities for major producers
2019-2022
The EU introduced regulations in 2023 requiring cocoa and chocolate importers to prove their supply chains are deforestation-free, affecting exporters from West Africa and Latin America.
June 2023
Increased compliance costs for exporters but potential for premium pricing for certified sustainable products.
The United States adjusted tariffs on certain EU chocolate imports as part of trade negotiations, reducing rates temporarily to boost trade relations.
March 2023
Improved market access for EU exporters like Germany and Belgium, potentially increasing trade volume by 5-10%.
Global cocoa prices spiked in early 2023 due to supply chain disruptions and poor harvests in West Africa, affecting chocolate production costs.
February 2023
Higher retail prices for chocolate products, potentially dampening demand in price-sensitive markets.