2022
Exports
$22.4MWorld Rnk 54 / 218
Flag Rnk 67 / 884
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories
0.91Rnk 204 / 1025
2022
Imports
$37.5MWorld Rnk 72 / 225
Flag Rnk 78 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $22.4M in Electrical Power Accessories, making it the 54th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 67th most exported product in Honduras. The main destination of Electrical Power Accessories exports from Honduras are: Mexico ($10.8M), United States ($7.39M), China ($2.64M), Brazil ($440k), and South Korea ($350k).

The fastest growing export markets for Electrical Power Accessories of Honduras between 2021 and 2022 were United States ($5.22M), Mexico ($3.71M), and China ($2.44M).

Imports In 2022, Honduras imported $37.5M in Electrical Power Accessories, becoming the 72nd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 78th most imported product in Honduras. Honduras imports Electrical Power Accessories primarily from: United States ($20.5M), China ($8.75M), Japan ($3.6M), Germany ($1.18M), and Costa Rica ($1.04M).

The fastest growing import markets in Electrical Power Accessories for Honduras between 2021 and 2022 were China ($3.39M), Japan ($1.37M), and Germany ($425k).

Latest Trends

Sep 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 (2022)$22.4M
IMPORTS (2022)$37.5M
NET TRADE (2022)-$15.1M

In 2022, Honduras exported $22.4M in Electrical Power Accessories. The main destinations of Honduras exports on Electrical Power Accessories were Mexico ($10.8M), United States ($7.39M), China ($2.64M), Brazil ($440k), and South Korea ($350k).

In 2022, Honduras imported $37.5M in Electrical Power Accessories, mainly from United States ($20.5M), China ($8.75M), Japan ($3.6M), Germany ($1.18M), and Costa Rica ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$5.22M (241%)
Mexico$3.71M (52.6%)
China$2.44M (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Honduras WERE (2021 - 2022):
Brazil-$178k (-28.8%)
Nicaragua-$62.5k (-90.5%)
Italy-$14.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Electrical Power Accessories were:
In 2022, 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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