2022
Exports
$5.11MWorld Rnk 84 / 216
Flag Rnk 130 / 884
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$43.9MWorld Rnk 102 / 225
Flag Rnk 66 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $5.11M in Machinery Having Individual Functions, making it the 84th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 130th most exported product in Honduras. The main destination of Machinery Having Individual Functions exports from Honduras are: United States ($4.29M), Nicaragua ($176k), Canada ($161k), Germany ($135k), and El Salvador ($126k).

The fastest growing export markets for Machinery Having Individual Functions of Honduras between 2021 and 2022 were United States ($2.06M), Guatemala ($80k), and Costa Rica ($36.3k).

Imports In 2022, Honduras imported $43.9M in Machinery Having Individual Functions, becoming the 102nd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 66th most imported product in Honduras. Honduras imports Machinery Having Individual Functions primarily from: United States ($9.91M), Italy ($9.27M), China ($7.78M), Malaysia ($3.44M), and South Korea ($3.14M).

The fastest growing import markets in Machinery Having Individual Functions for Honduras between 2021 and 2022 were China ($5.18M), United States ($3.92M), and South Korea ($2.11M).

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 Machinery Having Individual Functions. 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)$5.11M
IMPORTS (2022)$43.9M
NET TRADE (2022)-$38.8M

In 2022, Honduras exported $5.11M in Machinery Having Individual Functions. The main destinations of Honduras exports on Machinery Having Individual Functions were United States ($4.29M), Nicaragua ($176k), Canada ($161k), Germany ($135k), and El Salvador ($126k).

In 2022, Honduras imported $43.9M in Machinery Having Individual Functions, mainly from United States ($9.91M), Italy ($9.27M), China ($7.78M), Malaysia ($3.44M), and South Korea ($3.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$2.06M (92.8%)
Guatemala$80k (204%)
Costa Rica$36.3k (1.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Honduras WERE (2021 - 2022):
Nicaragua-$615k (-77.8%)
Mexico-$395k (-100%)
Ghana-$363k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Honduras's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.71M
TOP IMPORT POTENTIALChina+ $3.9M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $3.71M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $3.9M.

See methodology.

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