2022
Exports
$20MWorld Rnk 49 / 209
Flag Rnk 76 / 884
2022
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.96Rnk 190 / 1025
2022
Imports
$12.5MWorld Rnk 85 / 222
Flag Rnk 201 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $20M in Electrical Lighting and Signalling Equipment, making it the 49th largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 76th most exported product in Honduras. The main destination of Electrical Lighting and Signalling Equipment exports from Honduras are: United States ($16.4M), Mexico ($3.55M), Canada ($9.48k), Guatemala ($6.78k), and Poland ($5.58k).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Honduras between 2021 and 2022 were United States ($4.84M), Mexico ($1.62M), and Poland ($5.58k).

Imports In 2022, Honduras imported $12.5M in Electrical Lighting and Signalling Equipment, becoming the 85th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 201st most imported product in Honduras. Honduras imports Electrical Lighting and Signalling Equipment primarily from: China ($7.24M), Chinese Taipei ($2.2M), Mexico ($743k), United States ($668k), and Thailand ($508k).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Honduras between 2021 and 2022 were China ($2.58M), Chinese Taipei ($600k), and Thailand ($379k).

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 Electrical Lighting and Signalling Equipment. 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)$20M
IMPORTS (2022)$12.5M
NET TRADE (2022)$7.49M

In 2022, Honduras exported $20M in Electrical Lighting and Signalling Equipment. The main destinations of Honduras exports on Electrical Lighting and Signalling Equipment were United States ($16.4M), Mexico ($3.55M), Canada ($9.48k), Guatemala ($6.78k), and Poland ($5.58k).

In 2022, Honduras imported $12.5M in Electrical Lighting and Signalling Equipment, mainly from China ($7.24M), Chinese Taipei ($2.2M), Mexico ($743k), United States ($668k), and Thailand ($508k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$4.84M (41.7%)
Mexico$1.62M (84%)
Poland$5.58k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Honduras WERE (2021 - 2022):
Canada-$39.1k (-80.5%)
Switzerland-$6.43k (-100%)
El Salvador-$3.95k (-86%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $5.89B
Mexico $3.86B
Germany $3.32B
In 2022, Honduras's main importing competitors in Electrical Lighting and Signalling Equipment were:

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Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.98M
TOP IMPORT POTENTIALMexico+ $1M

Electrical Lighting and Signalling Equipment’s highest export potential is United States. With an export gap of $7.98M.   Electrical Lighting and Signalling Equipment’s highest import potential is Mexico with an import gap of $1M.

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