2023
Exports
$1.63BWorld Rnk 8 / 225
Flag Rnk 1 / 960
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$226MWorld Rnk 41 / 225
Flag Rnk 11 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.63B in Knit T-shirts, making it the 8th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 1st most exported product in Honduras. The main destination of Knit T-shirts exports from Honduras are: United States ($824M), Nicaragua ($356M), El Salvador ($181M), Canada ($76.6M), and Mexico ($62.9M).

The fastest growing export markets for Knit T-shirts of Honduras between 2022 and 2023 were Canada ($18M), France ($3.42M), and Germany ($2.53M).

Imports In 2023, Honduras imported $226M in Knit T-shirts, becoming the 41st largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 11th most imported product in Honduras. Honduras imports Knit T-shirts primarily from: Nicaragua ($103M), El Salvador ($100M), China ($6.18M), United States ($4.05M), and Bangladesh ($2.62M).

The fastest growing import markets in Knit T-shirts for Honduras between 2022 and 2023 were China ($4.63M), Bangladesh ($2.62M), and Turkey ($922k).

COMPANIES In 2024, leading companies such as Gildan Activewear (56), Adidas (13), and Nike (4) were at the forefront of shipping Knit T-shirts 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 Knit T-shirts. 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)$1.63B
IMPORTS (2023)$226M
NET TRADE (2023)$1.4B

In 2023, Honduras exported $1.63B in Knit T-shirts. The main destinations of Honduras exports on Knit T-shirts were United States ($824M), Nicaragua ($356M), El Salvador ($181M), Canada ($76.6M), and Mexico ($62.9M).

In 2023, Honduras imported $226M in Knit T-shirts, mainly from Nicaragua ($103M), El Salvador ($100M), China ($6.18M), United States ($4.05M), and Bangladesh ($2.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Canada$18M (30.7%)
France$3.42M (598%)
Germany$2.53M (8.52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Honduras WERE (2022 - 2023):
United States-$293M (-26.3%)
Nicaragua-$99M (-21.8%)
El Salvador-$68M (-27.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Honduras's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76.1M
TOP IMPORT POTENTIALGuatemala+ $3.78M

Knit T-shirts’s highest export potential is United States. With an export gap of $76.1M.   Knit T-shirts’s highest import potential is Guatemala with an import gap of $3.78M.

See methodology.

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