2022
Exports
$19.3kWorld Rnk 121 / 165
Flag Rnk 556 / 884
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$1.59MWorld Rnk 124 / 211
Flag Rnk 509 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $19.3k in Forging Machines, making it the 121st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 556th most exported product in Honduras. The main destination of Forging Machines exports from Honduras are: El Salvador ($11.7k), Dominican Republic ($3.25k), Nicaragua ($3.22k), and Guatemala ($1.2k).

The fastest growing export markets for Forging Machines of Honduras between 2021 and 2022 were Guatemala ($1k).

Imports In 2022, Honduras imported $1.59M in Forging Machines, becoming the 124th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 509th most imported product in Honduras. Honduras imports Forging Machines primarily from: China ($629k), Italy ($376k), United States ($240k), Spain ($106k), and United Kingdom ($93.8k).

The fastest growing import markets in Forging Machines for Honduras between 2021 and 2022 were United Kingdom ($93.2k), Spain ($32.8k), and Brazil ($26.4k).

COMPANIES In 2023, leading companies such as Gildan Activewear (5) were at the forefront of shipping Forging Machines from Honduras to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Forging Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.3k
IMPORTS (2022)$1.59M
NET TRADE (2022)-$1.58M

In 2022, Honduras exported $19.3k in Forging Machines. The main destinations of Honduras exports on Forging Machines were El Salvador ($11.7k), Dominican Republic ($3.25k), Nicaragua ($3.22k), and Guatemala ($1.2k).

In 2022, Honduras imported $1.59M in Forging Machines, mainly from China ($629k), Italy ($376k), United States ($240k), Spain ($106k), and United Kingdom ($93.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Honduras WERE (2021 - 2022):Guatemala$1k (501%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Honduras WERE (2021 - 2022):
Mexico-$229k (-100%)
El Salvador-$72.4k (-86.1%)
United States-$19.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Honduras's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $2.01k
TOP IMPORT POTENTIALChina+ $271k

Forging Machines’s highest export potential is Guatemala. With an export gap of $2.01k.   Forging Machines’s highest import potential is China with an import gap of $271k.

See methodology.

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