Nigeria’s cocoa and derivatives export to the United States has been increasing in the last three years.
According to the International Trade Centre (ITC) trade map, export of cocoa beans, whole or broken, raw or roasted, alone rose from $2.058 million in 2018 to $9.307 million in 2020. Cocoa paste, whether or not defatted rose from $52,000 in 2018, dropped to $21,000 in 2019 and surged to $1.778 million last year.
Also, the value of cocoa butter, fat and oil exported in 2019 rose from $430,000 to $942,000 in 2020…
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