2023
Exports
$56.1MWorld Rnk 39 / 213
Flag Rnk 32 / 960
2023
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.95Rnk 194 / 1025
2023
Imports
$8.75MWorld Rnk 96 / 221
Flag Rnk 266 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $56.1M in Electrical Lighting and Signalling Equipment, making it the 39th largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 32nd most exported product in Honduras. The main destination of Electrical Lighting and Signalling Equipment exports from Honduras are: United States ($52.7M), Mexico ($3.35M), Canada ($34k), Guatemala ($5.82k), and El Salvador ($1.61k).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Honduras between 2022 and 2023 were United States ($36.3M), Canada ($24.5k), and Panama ($1.38k).

Imports In 2023, Honduras imported $8.75M in Electrical Lighting and Signalling Equipment, becoming the 96th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 266th most imported product in Honduras. Honduras imports Electrical Lighting and Signalling Equipment primarily from: China ($3.84M), Chinese Taipei ($1.34M), Costa Rica ($662k), United States ($590k), and Japan ($479k).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Honduras between 2022 and 2023 were Costa Rica ($653k), Japan ($411k), and Vietnam ($245k).

Latest Trends

Dec 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 (2023)$56.1M
IMPORTS (2023)$8.75M
NET TRADE (2023)$47.4M

In 2023, Honduras exported $56.1M in Electrical Lighting and Signalling Equipment. The main destinations of Honduras exports on Electrical Lighting and Signalling Equipment were United States ($52.7M), Mexico ($3.35M), Canada ($34k), Guatemala ($5.82k), and El Salvador ($1.61k).

In 2023, Honduras imported $8.75M in Electrical Lighting and Signalling Equipment, mainly from China ($3.84M), Chinese Taipei ($1.34M), Costa Rica ($662k), United States ($590k), and Japan ($479k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
United States$36.3M (221%)
Canada$24.5k (259%)
Panama$1.38k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Honduras WERE (2022 - 2023):
Mexico-$200k (-5.64%)
Poland-$5.58k (-100%)
United Arab Emirates-$4.73k (-97.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $4.94B
In 2023, 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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