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2022
Exports $5.46MWorld Rnk 62 / 124
Flag Rnk 129 / 884
2022
Destination $5.4M Oman
2021 - 2022
FASTEST GROWING MARKET $5.4MOman
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $178MWorld Rnk 44 / 174
Flag Rnk 16 / 1113
2022
Origin $31M United States
2021 - 2022
FASTEST GROWING ORIGIN $31MUnited States
2022
ECONOMIC COMPLEXITY of Honduras-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $5.46M in Soybean Meal, making it the 62nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 129th most exported product in Honduras. The main destination of Soybean Meal exports from Honduras are: Oman ($5.4M) and Guatemala ($64.5k).

The fastest growing export markets for Soybean Meal of Honduras between 2021 and 2022 were Oman ($5.4M).

Imports In 2022, Honduras imported $178M in Soybean Meal, becoming the 44th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 16th most imported product in Honduras. Honduras imports Soybean Meal primarily from: United States ($177M), Brazil ($431k), and Guatemala ($240).

The fastest growing import markets in Soybean Meal for Honduras between 2021 and 2022 were United States ($31M).

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 Soybean Meal. 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)$5.46M
IMPORTS (2022)$178M
NET TRADE (2022)-$172M

In 2022, Honduras exported $5.46M in Soybean Meal. The main destinations of Honduras exports on Soybean Meal were Oman ($5.4M) and Guatemala ($64.5k).

In 2022, Honduras imported $178M in Soybean Meal, mainly from United States ($177M), Brazil ($431k), and Guatemala ($240).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Honduras WERE (2021 - 2022):Oman$5.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Honduras WERE (2021 - 2022):
Nicaragua-$905k (-100%)
Guatemala-$191k (-74.8%)
United States-$449 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Honduras's main importing competitors in Soybean Meal were:
Indonesia $2.92B
Vietnam $2.5B
Germany $1.71B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $161k
TOP IMPORT POTENTIALBrazil+ $1.34M

Soybean Meal’s highest export potential is Guatemala. With an export gap of $161k.   Soybean Meal’s highest import potential is Brazil with an import gap of $1.34M.

See methodology.

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