2022
Exports
$2.81MWorld Rnk 87 / 166
Flag Rnk 159 / 884
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$63.2MWorld Rnk 63 / 224
Flag Rnk 50 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $2.81M in Concentrated Milk, making it the 87th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 159th most exported product in Honduras. The main destination of Concentrated Milk exports from Honduras are: Guatemala ($2.27M), El Salvador ($516k), United States ($19.8k), and Luxembourg ($49).

The fastest growing export markets for Concentrated Milk of Honduras between 2021 and 2022 were Guatemala ($371k) and El Salvador ($26.7k).

Imports In 2022, Honduras imported $63.2M in Concentrated Milk, becoming the 63rd largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 50th most imported product in Honduras. Honduras imports Concentrated Milk primarily from: United States ($45.2M), New Zealand ($5.94M), Costa Rica ($4.92M), Nicaragua ($4.35M), and Chile ($1.17M).

The fastest growing import markets in Concentrated Milk for Honduras between 2021 and 2022 were United States ($29M), New Zealand ($4.91M), and Nicaragua ($447k).

COMPANIES In 2023, leading companies such as Halyard Health (4) were at the forefront of shipping Concentrated Milk 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 Concentrated Milk. 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)$2.81M
IMPORTS (2022)$63.2M
NET TRADE (2022)-$60.4M

In 2022, Honduras exported $2.81M in Concentrated Milk. The main destinations of Honduras exports on Concentrated Milk were Guatemala ($2.27M), El Salvador ($516k), United States ($19.8k), and Luxembourg ($49).

In 2022, Honduras imported $63.2M in Concentrated Milk, mainly from United States ($45.2M), New Zealand ($5.94M), Costa Rica ($4.92M), Nicaragua ($4.35M), and Chile ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Guatemala$371k (19.5%)
El Salvador$26.7k (5.46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Honduras WERE (2021 - 2022):
United States-$11.6k (-37%)
Cayman Islands-$4.96k (-100%)
Nicaragua-$100 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Concentrated Milk were:
In 2022, Honduras's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEl Salvador+ $172k
TOP IMPORT POTENTIALNew Zealand+ $938k

Concentrated Milk’s highest export potential is El Salvador. With an export gap of $172k.   Concentrated Milk’s highest import potential is New Zealand with an import gap of $938k.

See methodology.

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