2023
Exports
$26MWorld Rnk 91 / 214
Flag Rnk 62 / 960
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$542MWorld Rnk 74 / 226
Flag Rnk 4 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $26M in Packaged Medicaments, making it the 91st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 62nd most exported product in Honduras. The main destination of Packaged Medicaments exports from Honduras are: Costa Rica ($10.5M), Nicaragua ($9.4M), Guatemala ($3.29M), El Salvador ($1.9M), and Panama ($395k).

The fastest growing export markets for Packaged Medicaments of Honduras between 2022 and 2023 were Costa Rica ($7.03M), Nicaragua ($972k), and Guatemala ($847k).

Imports In 2023, Honduras imported $542M in Packaged Medicaments, becoming the 74th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Honduras. Honduras imports Packaged Medicaments primarily from: Guatemala ($81.2M), Mexico ($56.5M), India ($40.1M), Germany ($38.8M), and United States ($35.6M).

The fastest growing import markets in Packaged Medicaments for Honduras between 2022 and 2023 were Mexico ($39.8M), Germany ($37.7M), and United States ($33.4M).

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 Packaged Medicaments. 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)$26M
IMPORTS (2023)$542M
NET TRADE (2023)-$516M

In 2023, Honduras exported $26M in Packaged Medicaments. The main destinations of Honduras exports on Packaged Medicaments were Costa Rica ($10.5M), Nicaragua ($9.4M), Guatemala ($3.29M), El Salvador ($1.9M), and Panama ($395k).

In 2023, Honduras imported $542M in Packaged Medicaments, mainly from Guatemala ($81.2M), Mexico ($56.5M), India ($40.1M), Germany ($38.8M), and United States ($35.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Costa Rica$7.03M (202%)
Nicaragua$972k (11.5%)
Guatemala$847k (34.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Honduras WERE (2022 - 2023):
El Salvador-$898k (-32.1%)
United States-$624k (-97.6%)
Poland-$546k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Packaged Medicaments were:
In 2023, Honduras's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $1.82M
TOP IMPORT POTENTIALIndia+ $13.3M

Packaged Medicaments’s highest export potential is Guatemala. With an export gap of $1.82M.   Packaged Medicaments’s highest import potential is India with an import gap of $13.3M.

See methodology.

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