2022
Exports
$185MWorld Rnk 16 / 207
Flag Rnk 10 / 884
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$25.4MWorld Rnk 71 / 221
Flag Rnk 111 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $185M in Knit Men's Suits, making it the 16th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 10th most exported product in Honduras. The main destination of Knit Men's Suits exports from Honduras are: United States ($163M), Canada ($5.9M), El Salvador ($4.56M), Mexico ($3.31M), and Guatemala ($1.56M).

The fastest growing export markets for Knit Men's Suits of Honduras between 2021 and 2022 were United States ($28.6M), Guatemala ($1.34M), and Hong Kong ($580k).

Imports In 2022, Honduras imported $25.4M in Knit Men's Suits, becoming the 71st largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 111th most imported product in Honduras. Honduras imports Knit Men's Suits primarily from: El Salvador ($22.8M), Guatemala ($980k), United States ($630k), Nicaragua ($406k), and China ($359k).

The fastest growing import markets in Knit Men's Suits for Honduras between 2021 and 2022 were United States ($374k), Netherlands ($11.7k), and Brazil ($1.23k).

COMPANIES In 2023, leading companies such as Adidas (3) were at the forefront of shipping Knit Men's Suits 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 Knit Men's Suits. 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)$185M
IMPORTS (2022)$25.4M
NET TRADE (2022)$160M

In 2022, Honduras exported $185M in Knit Men's Suits. The main destinations of Honduras exports on Knit Men's Suits were United States ($163M), Canada ($5.9M), El Salvador ($4.56M), Mexico ($3.31M), and Guatemala ($1.56M).

In 2022, Honduras imported $25.4M in Knit Men's Suits, mainly from El Salvador ($22.8M), Guatemala ($980k), United States ($630k), Nicaragua ($406k), and China ($359k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$28.6M (21.3%)
Guatemala$1.34M (607%)
Hong Kong$580k (207%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Honduras WERE (2021 - 2022):
Canada-$547k (-8.48%)
Brazil-$344k (-83.8%)
Australia-$319k (-72.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Knit Men's Suits were:
In 2022, Honduras's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $22M
TOP IMPORT POTENTIALChina+ $696k

Knit Men's Suits’s highest export potential is United States. With an export gap of $22M.   Knit Men's Suits’s highest import potential is China with an import gap of $696k.

See methodology.

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