2021
Exports
$159kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2021
Imports
$1.4MWorld Rnk 55 / 184
Flag Rnk 539 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Imports In 2022, Honduras imported $1.4M in Borates, becoming the 55th largest importer of Borates in the world. At the same year, Borates was the 539th most imported product in Honduras. Honduras imports Borates primarily from: United States ($1.11M), Guatemala ($246k), Peru ($43.1k), and El Salvador ($3.27k).

The fastest growing import markets in Borates for Honduras between 2021 and 2022 were Guatemala ($41k) and Peru ($13.7k).

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 Borates. 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 (2021)$159k
IMPORTS (2022)$1.4M
NET TRADE (2022)-$1.4M

In 2022, Honduras imported $1.4M in Borates, mainly from United States ($1.11M), Guatemala ($246k), Peru ($43.1k), and El Salvador ($3.27k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Honduras WERE (N/A - 2021):Guatemala-$159k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $451
TOP IMPORT POTENTIALGuatemala+ $36.6k

Borates’s highest export potential is China. With an export gap of $451.   Borates’s highest import potential is Guatemala with an import gap of $36.6k.

See methodology.

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