2022
Exports
$59.2MWorld Rnk 58 / 199
Flag Rnk 29 / 93
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$1.13BWorld Rnk 11 / 220
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $59.2M in Cotton, making it the 58th largest exporter of Cotton in the world. At the same year, Cotton was the 29th most exported product in Honduras. The main destination of Cotton exports from Honduras are: Guatemala ($33.6M), El Salvador ($11.8M), Dominican Republic ($10.9M), United States ($1.12M), and Nicaragua ($485k).

The fastest growing export markets for Cotton of Honduras between 2021 and 2022 were Dominican Republic ($3.6M), El Salvador ($2.37M), and Turkey ($134k).

Imports In 2022, Honduras imported $1.13B in Cotton, becoming the 11th largest importer of Cotton in the world. At the same year, Cotton was the 2nd most imported product in Honduras. Honduras imports Cotton primarily from: United States ($839M), Indonesia ($77.1M), El Salvador ($71.7M), Guatemala ($54.1M), and India ($25.8M).

The fastest growing import markets in Cotton for Honduras between 2021 and 2022 were United States ($208M), El Salvador ($16.8M), and Guatemala ($13.5M).

COMPANIES In 2023, leading companies such as Halyard Health (551), Old Navy (3), and H&M Clothing (1) were at the forefront of shipping Cotton 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 Cotton. 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)$59.2M
IMPORTS (2022)$1.13B
NET TRADE (2022)-$1.07B

In 2022, Honduras exported $59.2M in Cotton. The main destinations of Honduras exports on Cotton were Guatemala ($33.6M), El Salvador ($11.8M), Dominican Republic ($10.9M), United States ($1.12M), and Nicaragua ($485k).

In 2022, Honduras imported $1.13B in Cotton, mainly from United States ($839M), Indonesia ($77.1M), El Salvador ($71.7M), Guatemala ($54.1M), and India ($25.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Dominican Republic$3.6M (49.3%)
El Salvador$2.37M (25.2%)
Turkey$134k (549%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Honduras WERE (2021 - 2022):
Guatemala-$3.06M (-8.36%)
Spain-$318k (-48.7%)
United States-$270k (-19.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $911k
TOP IMPORT POTENTIALIndia+ $9.62M

Cotton’s highest export potential is United States. With an export gap of $911k.   Cotton’s highest import potential is India with an import gap of $9.62M.

See methodology.

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