2022
Exports
$1.15BWorld Rnk 32 / 222
Flag Rnk 4 / 884
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$267MWorld Rnk 67 / 225
Flag Rnk 7 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $1.15B in Insulated Wire, making it the 32nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 4th most exported product in Honduras. The main destination of Insulated Wire exports from Honduras are: United States ($853M), Mexico ($187M), Canada ($44.5M), Nicaragua ($40.3M), and El Salvador ($10.1M).

The fastest growing export markets for Insulated Wire of Honduras between 2021 and 2022 were Mexico ($139M), United States ($109M), and Nicaragua ($30.3M).

Imports In 2022, Honduras imported $267M in Insulated Wire, becoming the 67th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most imported product in Honduras. Honduras imports Insulated Wire primarily from: Mexico ($102M), Costa Rica ($46.9M), United States ($36.3M), South Korea ($34.7M), and China ($17.5M).

The fastest growing import markets in Insulated Wire for Honduras between 2021 and 2022 were Mexico ($23.3M), South Korea ($8.46M), and United States ($7.04M).

COMPANIES In 2023, leading companies such as Halyard Health (2) were at the forefront of shipping Insulated Wire from Honduras to the United States.

Latest Trends

Oct 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 (2022)$1.15B
IMPORTS (2022)$267M
NET TRADE (2022)$881M

In 2022, Honduras exported $1.15B in Insulated Wire. The main destinations of Honduras exports on Insulated Wire were United States ($853M), Mexico ($187M), Canada ($44.5M), Nicaragua ($40.3M), and El Salvador ($10.1M).

In 2022, Honduras imported $267M in Insulated Wire, mainly from Mexico ($102M), Costa Rica ($46.9M), United States ($36.3M), South Korea ($34.7M), and China ($17.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Mexico$139M (289%)
United States$109M (14.7%)
Nicaragua$30.3M (304%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Honduras WERE (2021 - 2022):
Guatemala-$157k (-26.8%)
Costa Rica-$112k (-97.5%)
Hungary-$104k (-76.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Insulated Wire were:
In 2022, 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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