2022
Exports
$460MWorld Rnk 11 / 149
Flag Rnk 5 / 884
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$62.7MWorld Rnk 82 / 208
Flag Rnk 53 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $460M in Palm Oil, making it the 11th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 5th most exported product in Honduras. The main destination of Palm Oil exports from Honduras are: Italy ($155M), Netherlands ($111M), El Salvador ($51.1M), Germany ($43M), and Nicaragua ($25.9M).

The fastest growing export markets for Palm Oil of Honduras between 2021 and 2022 were Italy ($113M), Germany ($35.9M), and El Salvador ($29.9M).

Imports In 2022, Honduras imported $62.7M in Palm Oil, becoming the 82nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 53rd most imported product in Honduras. Honduras imports Palm Oil primarily from: Indonesia ($25.2M), Guatemala ($22.7M), Nicaragua ($8.31M), El Salvador ($6.05M), and Panama ($375k).

The fastest growing import markets in Palm Oil for Honduras between 2021 and 2022 were Guatemala ($11.2M), El Salvador ($4.97M), and Indonesia ($3.4M).

Latest Trends

Sep 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 Palm Oil. 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)$460M
IMPORTS (2022)$62.7M
NET TRADE (2022)$398M

In 2022, Honduras exported $460M in Palm Oil. The main destinations of Honduras exports on Palm Oil were Italy ($155M), Netherlands ($111M), El Salvador ($51.1M), Germany ($43M), and Nicaragua ($25.9M).

In 2022, Honduras imported $62.7M in Palm Oil, mainly from Indonesia ($25.2M), Guatemala ($22.7M), Nicaragua ($8.31M), El Salvador ($6.05M), and Panama ($375k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Italy$113M (266%)
Germany$35.9M (510%)
El Salvador$29.9M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Honduras WERE (2021 - 2022):
United States-$45.5M (-100%)
Honduras-$34.4M (-100%)
Switzerland-$29.7M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Palm Oil were:
In 2022, Honduras's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $8.11M
TOP IMPORT POTENTIALIndonesia+ $4.49M

Palm Oil’s highest export potential is Mexico. With an export gap of $8.11M.   Palm Oil’s highest import potential is Indonesia with an import gap of $4.49M.

See methodology.

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