2022
Exports
$2.63MWorld Rnk 83 / 188
Flag Rnk 61 / 93
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$8.5MWorld Rnk 78 / 212
Flag Rnk 67 / 96
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $2.63M in Natural gums, resins & other vegetable extracts, making it the 83rd largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 61st most exported product in Honduras. The main destination of Natural gums, resins & other vegetable extracts exports from Honduras are: Spain ($1.44M), Guatemala ($531k), Germany ($253k), China ($130k), and Singapore ($128k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Honduras between 2021 and 2022 were Guatemala ($337k), Germany ($21.9k), and Colombia ($16.5k).

Imports In 2022, Honduras imported $8.5M in Natural gums, resins & other vegetable extracts, becoming the 78th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 67th most imported product in Honduras. Honduras imports Natural gums, resins & other vegetable extracts primarily from: United States ($3.67M), Guatemala ($3.2M), Canada ($662k), Germany ($322k), and China ($303k).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Honduras between 2021 and 2022 were Guatemala ($754k), United States ($401k), and Germany ($322k).

Latest Trends

Jul 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 Natural gums, resins & other vegetable extracts. 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)$2.63M
IMPORTS (2022)$8.5M
NET TRADE (2022)-$5.87M

In 2022, Honduras exported $2.63M in Natural gums, resins & other vegetable extracts. The main destinations of Honduras exports on Natural gums, resins & other vegetable extracts were Spain ($1.44M), Guatemala ($531k), Germany ($253k), China ($130k), and Singapore ($128k).

In 2022, Honduras imported $8.5M in Natural gums, resins & other vegetable extracts, mainly from United States ($3.67M), Guatemala ($3.2M), Canada ($662k), Germany ($322k), and China ($303k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Guatemala$337k (173%)
Germany$21.9k (9.46%)
Colombia$16.5k (221%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Honduras WERE (2021 - 2022):
Spain-$412k (-22.2%)
United States-$242k (-100%)
China-$172k (-56.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Honduras's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALChina+ $341k

Natural gums, resins & other vegetable extracts’s highest export potential is N/A. With an export gap of N/A.   Natural gums, resins & other vegetable extracts’s highest import potential is China with an import gap of $341k.

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