2023
Exports
$1.47MWorld Rnk 31 / 119
Flag Rnk 221 / 960
2023
PRODUCT COMPLEXITY IN Knitting Machines
1.06Rnk 157 / 1025
2023
Imports
$4.12MWorld Rnk 62 / 188
Flag Rnk 402 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.47M in Knitting Machines, making it the 31st largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 221st most exported product in Honduras. The main destination of Knitting Machines exports from Honduras are: Bangladesh ($922k), Dominican Republic ($524k), Nicaragua ($14.8k), and Guatemala ($4k).

The fastest growing export markets for Knitting Machines of Honduras between 2022 and 2023 were Bangladesh ($922k), Dominican Republic ($524k), and Nicaragua ($14.8k).

Imports In 2023, Honduras imported $4.12M in Knitting Machines, becoming the 62nd largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 402nd most imported product in Honduras. Honduras imports Knitting Machines primarily from: Italy ($1.53M), China ($1.31M), Japan ($941k), Germany ($101k), and United States ($61.4k).

The fastest growing import markets in Knitting Machines for Honduras between 2022 and 2023 were Germany ($101k), Vietnam ($5.74k), and Philippines ($928).

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 Knitting Machines. 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)$1.47M
IMPORTS (2023)$4.12M
NET TRADE (2023)-$2.65M

In 2023, Honduras exported $1.47M in Knitting Machines. The main destinations of Honduras exports on Knitting Machines were Bangladesh ($922k), Dominican Republic ($524k), Nicaragua ($14.8k), and Guatemala ($4k).

In 2023, Honduras imported $4.12M in Knitting Machines, mainly from Italy ($1.53M), China ($1.31M), Japan ($941k), Germany ($101k), and United States ($61.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Bangladesh$922k (1%)
Nicaragua$14.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Honduras WERE (2022 - 2023):Pakistan-$794k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Knitting Machines were:
In 2023, Honduras's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGuatemala+ $3.75k
TOP IMPORT POTENTIALChina+ $731k

Knitting Machines’s highest export potential is Guatemala. With an export gap of $3.75k.   Knitting Machines’s highest import potential is China with an import gap of $731k.

See methodology.

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