2023
Exports
$193kWorld Rnk 126 / 217
Flag Rnk 412 / 960
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$19.6MWorld Rnk 100 / 225
Flag Rnk 150 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $193k in Other Electrical Machinery, making it the 126th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 412th most exported product in Honduras. The main destination of Other Electrical Machinery exports from Honduras are: Netherlands ($48k), Guatemala ($44.7k), Peru ($30.1k), United States ($20k), and Canada ($14.1k).

The fastest growing export markets for Other Electrical Machinery of Honduras between 2022 and 2023 were Netherlands ($48k), Peru ($30.1k), and Costa Rica ($11.7k).

Imports In 2023, Honduras imported $19.6M in Other Electrical Machinery, becoming the 100th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 150th most imported product in Honduras. Honduras imports Other Electrical Machinery primarily from: China ($13.2M), United States ($2.78M), Guatemala ($521k), Israel ($418k), and Mexico ($311k).

The fastest growing import markets in Other Electrical Machinery for Honduras between 2022 and 2023 were China ($9.59M), Israel ($418k), and Mexico ($246k).

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 Other Electrical Machinery. 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)$193k
IMPORTS (2023)$19.6M
NET TRADE (2023)-$19.4M

In 2023, Honduras exported $193k in Other Electrical Machinery. The main destinations of Honduras exports on Other Electrical Machinery were Netherlands ($48k), Guatemala ($44.7k), Peru ($30.1k), United States ($20k), and Canada ($14.1k).

In 2023, Honduras imported $19.6M in Other Electrical Machinery, mainly from China ($13.2M), United States ($2.78M), Guatemala ($521k), Israel ($418k), and Mexico ($311k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Netherlands$48k (1%)
Peru$30.1k (1%)
Costa Rica$11.7k (1.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Honduras WERE (2022 - 2023):
United States-$528k (-96.3%)
Canada-$82.1k (-85.4%)
Guatemala-$35.6k (-44.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Other Electrical Machinery were:
In 2023, Honduras's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $850k
TOP IMPORT POTENTIALChina+ $1.65M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $850k.   Other Electrical Machinery’s highest import potential is China with an import gap of $1.65M.

See methodology.

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