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Exports In 2022, Honduras exported $29.4k in Hats, making it the 85th largest exporter of Hats in the world. At the same year, Hats was the 518th most exported product in Honduras. The main destination of Hats exports from Honduras are: Guatemala ($10.9k), United Arab Emirates ($7.4k), Canada ($7.1k), El Salvador ($1.99k), and United Kingdom ($1.27k).

The fastest growing export markets for Hats of Honduras between 2021 and 2022 were United Kingdom ($1.27k), Nicaragua ($162), and Ireland ($130).

Imports In 2022, Honduras imported $423k in Hats, becoming the 77th largest importer of Hats in the world. At the same year, Hats was the 713th most imported product in Honduras. Honduras imports Hats primarily from: Mexico ($230k), China ($95.3k), Guatemala ($41.1k), United States ($34k), and Colombia ($7.56k).

The fastest growing import markets in Hats for Honduras between 2021 and 2022 were China ($16k), United States ($11.7k), and Guatemala ($11.3k).

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 Hats. 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)$29.4k
IMPORTS (2022)$423k
NET TRADE (2022)-$394k

In 2022, Honduras exported $29.4k in Hats. The main destinations of Honduras exports on Hats were Guatemala ($10.9k), United Arab Emirates ($7.4k), Canada ($7.1k), El Salvador ($1.99k), and United Kingdom ($1.27k).

In 2022, Honduras imported $423k in Hats, mainly from Mexico ($230k), China ($95.3k), Guatemala ($41.1k), United States ($34k), and Colombia ($7.56k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United Kingdom$1.27k (1%)
Nicaragua$162 (1%)
Ireland$130 (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Honduras WERE (2021 - 2022):
Guatemala-$65.7k (-85.8%)
United Arab Emirates-$13.4k (-64.4%)
United States-$7.34k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, Honduras's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $4.33k
TOP IMPORT POTENTIALChina+ $48.3k

Hats’s highest export potential is Canada. With an export gap of $4.33k.   Hats’s highest import potential is China with an import gap of $48.3k.

See methodology.

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