2023
Exports
$1.21BWorld Rnk 10 / 219
Flag Rnk 4 / 960
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$92.4MWorld Rnk 54 / 220
Flag Rnk 36 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.21B in Knit Sweaters, making it the 10th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 4th most exported product in Honduras. The main destination of Knit Sweaters exports from Honduras are: United States ($921M), Nicaragua ($104M), Canada ($52M), El Salvador ($46.9M), and Mexico ($38.1M).

The fastest growing export markets for Knit Sweaters of Honduras between 2022 and 2023 were Mexico ($4.45M), Guatemala ($1.35M), and Colombia ($979k).

Imports In 2023, Honduras imported $92.4M in Knit Sweaters, becoming the 54th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 36th most imported product in Honduras. Honduras imports Knit Sweaters primarily from: El Salvador ($69.6M), Nicaragua ($13.2M), China ($3.61M), United States ($2.27M), and Guatemala ($881k).

The fastest growing import markets in Knit Sweaters for Honduras between 2022 and 2023 were China ($3.51M), United States ($1.25M), and Bangladesh ($854k).

Latest Trends

Jan 2025

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 Sweaters. 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)$1.21B
IMPORTS (2023)$92.4M
NET TRADE (2023)$1.12B

In 2023, Honduras exported $1.21B in Knit Sweaters. The main destinations of Honduras exports on Knit Sweaters were United States ($921M), Nicaragua ($104M), Canada ($52M), El Salvador ($46.9M), and Mexico ($38.1M).

In 2023, Honduras imported $92.4M in Knit Sweaters, mainly from El Salvador ($69.6M), Nicaragua ($13.2M), China ($3.61M), United States ($2.27M), and Guatemala ($881k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Mexico$4.45M (13.2%)
Guatemala$1.35M (265%)
Colombia$979k (43.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Honduras WERE (2022 - 2023):
United States-$315M (-25.5%)
Nicaragua-$34M (-24.6%)
Belgium-$6.57M (-40.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Knit Sweaters were:
In 2023, Honduras's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $85.4M
TOP IMPORT POTENTIALGuatemala+ $2.69M

Knit Sweaters’s highest export potential is United States. With an export gap of $85.4M.   Knit Sweaters’s highest import potential is Guatemala with an import gap of $2.69M.

See methodology.

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