2022
Exports
$593MWorld Rnk 45 / 210
Flag Rnk 5 / 93
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$129MWorld Rnk 112 / 224
Flag Rnk 26 / 96
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $593M in Animal or vegetable fats, oils, & waxes, making it the 45th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 5th most exported product in Honduras. The main destination of Animal or vegetable fats, oils, & waxes exports from Honduras are: Italy ($171M), Netherlands ($137M), El Salvador ($80.1M), Germany ($54.6M), and Guatemala ($39.3M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Honduras between 2021 and 2022 were Italy ($123M), Germany ($46.3M), and El Salvador ($39.5M).

Imports In 2022, Honduras imported $129M in Animal or vegetable fats, oils, & waxes, becoming the 112th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most imported product in Honduras. Honduras imports Animal or vegetable fats, oils, & waxes primarily from: Guatemala ($35.2M), Indonesia ($25.3M), United States ($23M), El Salvador ($20.2M), and Nicaragua ($14.3M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Honduras between 2021 and 2022 were Guatemala ($13.1M), El Salvador ($8.63M), and Indonesia ($3.53M).

COMPANIES In 2023, leading companies such as Goya Foods (8) and EDT (Export, Development & Trade) (2) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Honduras to the United States.

Latest Trends

Jul 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 Animal or vegetable fats, oils, & waxes. 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)$593M
IMPORTS (2022)$129M
NET TRADE (2022)$464M

In 2022, Honduras exported $593M in Animal or vegetable fats, oils, & waxes. The main destinations of Honduras exports on Animal or vegetable fats, oils, & waxes were Italy ($171M), Netherlands ($137M), El Salvador ($80.1M), Germany ($54.6M), and Guatemala ($39.3M).

In 2022, Honduras imported $129M in Animal or vegetable fats, oils, & waxes, mainly from Guatemala ($35.2M), Indonesia ($25.3M), United States ($23M), El Salvador ($20.2M), and Nicaragua ($14.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Italy$123M (252%)
Germany$46.3M (556%)
El Salvador$39.5M (97.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Honduras WERE (2021 - 2022):
United States-$46.2M (-93.5%)
Switzerland-$42.1M (-100%)
Honduras-$34.9M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Honduras's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $10.7M
TOP IMPORT POTENTIALIndonesia+ $4.8M

Animal or vegetable fats, oils, & waxes’s highest export potential is Germany. With an export gap of $10.7M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $4.8M.

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