HS Code:
Subheading 1806.90.10 under the Harmonized System (HS) Code pertains to 'Chocolate and other food preparations containing cocoa, in blocks, slabs or bars, filled, weighing 2 kg or less.' This category includes a variety of chocolate products such as filled chocolate bars, pralines, and other similar confectionery items that are ready for consumption. These products are widely traded globally due to their popularity as snacks and gifts, with significant production in regions known for cocoa processing and chocolate manufacturing.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.1 billion
21.2% of total trade of total trade
Increasing
USD 850 million
16.3% of total trade of total trade
Stable
USD 620 million
11.9% of total trade of total trade
Increasing
USD 500 million
9.6% of total trade of total trade
Stable
USD 450 million
8.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
25% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU Single Market or USMCA)
Rising demand for premium and artisanal chocolate
Increased trade value as consumers prioritize quality and unique flavors, boosting exports from countries like Belgium and Switzerland.
2021-2022
Growth in demand for sustainable and ethically sourced chocolate
Producers adopting certifications for fair trade and organic products, influencing trade patterns with a focus on transparency in supply chains.
2020-2022
Increase in health-conscious consumer preferences
Shift towards low-sugar and dark chocolate varieties, affecting product formulations and marketing strategies in key exporting countries.
2019-2022
The European Union introduced regulations in 2023 requiring proof that cocoa products are not linked to deforestation, affecting exporters from West Africa and Latin America supplying raw materials for chocolate production.
June 2023
Potential increase in production costs and delays in trade as companies adapt to compliance requirements.
The United States reduced tariffs on chocolate imports from certain countries under updated trade agreements, boosting imports from Canada and Mexico.
January 2023
Increased market access for North American producers, potentially shifting trade dynamics in the region.
Fluctuations in cocoa bean prices due to climate change impacts in major producing regions like Côte d'Ivoire and Ghana have led to uncertainty in chocolate product pricing.
March 2023
Possible short-term price increases for chocolate products, affecting trade volumes and consumer demand.