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U.S. exports of cocoa and cocoa products are forecast at a record $440 million in October-September 1996/97. If realized, this represents an increase of 5 percent from the previous high of $419.4 million in 1993/94, and an increase of 15 percent over 1995/96. U.S. exports during October-August 1996/97 are reported at $395.4 million, an increase of 15 percent from the 1995/96 level. Most of the increase is attributed to higher exports to Canada. In October-August 1996/97, U.S. exports of cocoa and cocoa products to Canada are reported at $185.7 million, up 25 percent from the same period in 1995/96. Most of the increase in U.S. exports to Canada, year-to-year, is attributed to larger U.S. exports of cocoa paste, not defatted, and confectionery for retail sale. In comparison, U.S. imports of cocoa beans and products during October-August 1996/97 were $1.3 billion, compared with $1.2 billion during the comparable period a year ago. If this pace continues, U.S. imports of cocoa beans and cocoa products will total $1.4 billion in October-September 1996/97.
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