2022
Exports
$262kWorld Rnk 73 / 157
Flag Rnk 308 / 884
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$6.44MWorld Rnk 71 / 215
Flag Rnk 289 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $262k in Silicone, making it the 73rd largest exporter of Silicone in the world. At the same year, Silicone was the 308th most exported product in Honduras. The main destination of Silicone exports from Honduras are: United States ($145k), Turkey ($102k), Guatemala ($13.5k), Nicaragua ($898), and Poland ($111).

The fastest growing export markets for Silicone of Honduras between 2021 and 2022 were Turkey ($102k), Poland ($111), and Nicaragua ($4).

Imports In 2022, Honduras imported $6.44M in Silicone, becoming the 71st largest importer of Silicone in the world. At the same year, Silicone was the 289th most imported product in Honduras. Honduras imports Silicone primarily from: China ($3.27M), Mexico ($1.27M), South Korea ($564k), Brazil ($372k), and Guatemala ($225k).

The fastest growing import markets in Silicone for Honduras between 2021 and 2022 were Mexico ($225k), Belgium ($165k), and Italy ($28.9k).

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 Silicone. 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)$262k
IMPORTS (2022)$6.44M
NET TRADE (2022)-$6.18M

In 2022, Honduras exported $262k in Silicone. The main destinations of Honduras exports on Silicone were United States ($145k), Turkey ($102k), Guatemala ($13.5k), Nicaragua ($898), and Poland ($111).

In 2022, Honduras imported $6.44M in Silicone, mainly from China ($3.27M), Mexico ($1.27M), South Korea ($564k), Brazil ($372k), and Guatemala ($225k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Turkey$102k (1%)
Poland$111 (1%)
Nicaragua$4 (0.45%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Honduras WERE (2021 - 2022):
Guatemala-$290k (-95.5%)
United States-$110k (-43.1%)
El Salvador-$3.14k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Silicone were:
In 2022, Honduras's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $171k
TOP IMPORT POTENTIALChina+ $333k

Silicone’s highest export potential is United States. With an export gap of $171k.   Silicone’s highest import potential is China with an import gap of $333k.

See methodology.

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