2023
Exports
$26.5MWorld Rnk 55 / 216
Flag Rnk 61 / 960
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories
0.94Rnk 195 / 1025
2023
Imports
$23.8MWorld Rnk 82 / 224
Flag Rnk 130 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $26.5M in Electrical Power Accessories, making it the 55th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 61st most exported product in Honduras. The main destination of Electrical Power Accessories exports from Honduras are: Mexico ($15.1M), United States ($8.22M), China ($1.4M), Brazil ($461k), and India ($406k).

The fastest growing export markets for Electrical Power Accessories of Honduras between 2022 and 2023 were Mexico ($4.39M), United States ($836k), and India ($264k).

Imports In 2023, Honduras imported $23.8M in Electrical Power Accessories, becoming the 82nd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 130th most imported product in Honduras. Honduras imports Electrical Power Accessories primarily from: China ($11.5M), Mexico ($4.68M), United States ($3.6M), Germany ($1.32M), and Japan ($660k).

The fastest growing import markets in Electrical Power Accessories for Honduras between 2022 and 2023 were Mexico ($3.93M), China ($2.76M), and Colombia ($217k).

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 Power Accessories. 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)$26.5M
IMPORTS (2023)$23.8M
NET TRADE (2023)$2.73M

In 2023, Honduras exported $26.5M in Electrical Power Accessories. The main destinations of Honduras exports on Electrical Power Accessories were Mexico ($15.1M), United States ($8.22M), China ($1.4M), Brazil ($461k), and India ($406k).

In 2023, Honduras imported $23.8M in Electrical Power Accessories, mainly from China ($11.5M), Mexico ($4.68M), United States ($3.6M), Germany ($1.32M), and Japan ($660k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Mexico$4.39M (40.7%)
United States$836k (11.3%)
India$264k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Honduras WERE (2022 - 2023):
China-$1.24M (-47.1%)
South Korea-$350k (-100%)
Japan-$95.9k (-33.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Electrical Power Accessories were:
In 2023, Honduras's main importing competitors in Electrical Power Accessories were:

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.1M
TOP IMPORT POTENTIALChina+ $2.51M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $6.1M.   Electrical Power Accessories’s highest import potential is China with an import gap of $2.51M.

See methodology.

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