2023
Exports
$1.35BWorld Rnk 28 / 223
Flag Rnk 3 / 960
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$155MWorld Rnk 80 / 225
Flag Rnk 16 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.35B in Insulated Wire, making it the 28th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 3rd most exported product in Honduras. The main destination of Insulated Wire exports from Honduras are: United States ($1.02B), Mexico ($195M), Nicaragua ($67.9M), Canada ($45.4M), and El Salvador ($9.88M).

The fastest growing export markets for Insulated Wire of Honduras between 2022 and 2023 were United States ($166M), Nicaragua ($27.7M), and Mexico ($7.16M).

Imports In 2023, Honduras imported $155M in Insulated Wire, becoming the 80th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 16th most imported product in Honduras. Honduras imports Insulated Wire primarily from: Costa Rica ($55.9M), Mexico ($30.7M), China ($25.9M), Tunisia ($14.7M), and United States ($10.9M).

The fastest growing import markets in Insulated Wire for Honduras between 2022 and 2023 were Costa Rica ($8.97M), China ($8.4M), and Tunisia ($6.15M).

COMPANIES In 2024, leading companies such as Halyard Health (1) were at the forefront of shipping Insulated Wire from Honduras to the United States.

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 Insulated Wire. 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)$1.35B
IMPORTS (2023)$155M
NET TRADE (2023)$1.2B

In 2023, Honduras exported $1.35B in Insulated Wire. The main destinations of Honduras exports on Insulated Wire were United States ($1.02B), Mexico ($195M), Nicaragua ($67.9M), Canada ($45.4M), and El Salvador ($9.88M).

In 2023, Honduras imported $155M in Insulated Wire, mainly from Costa Rica ($55.9M), Mexico ($30.7M), China ($25.9M), Tunisia ($14.7M), and United States ($10.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
United States$166M (19.4%)
Nicaragua$27.7M (68.7%)
Mexico$7.16M (3.82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Honduras WERE (2022 - 2023):
Spain-$1.36M (-62.9%)
El Salvador-$179k (-1.78%)
Guatemala-$77.6k (-18.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Insulated Wire were:
In 2023, Honduras's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $155M
TOP IMPORT POTENTIALChina+ $14.5M

Insulated Wire’s highest export potential is United States. With an export gap of $155M.   Insulated Wire’s highest import potential is China with an import gap of $14.5M.

See methodology.

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