Refined Petroleum in Honduras

EXPORTS (2018): $21.7M, World Rnk 118 / 198
Flag Rnk 41 / 657

TOP DESTINATION (2018): $21.6M, Nicaragua

FASTEST GROWING MARKET (2017 - 2018): $21.6M, Nicaragua

IMPORTS (2018): $1.22B, World Rnk 88 / 221
Flag Rnk 1 / 1067

TOP ORIGIN (2018): $1.14B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $114M, United States

ECONOMIC COMPLEXITY of Honduras (2018): -0.65, Rnk 96 / 137

Overview: This page contains the latest trade data of Refined Petroleum in Honduras.

Exports: In 2018, Honduras exported $21.7M in Refined Petroleum, making it the 118th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 41st most exported product in Honduras. The main destination of Refined Petroleum exports from Honduras are: Nicaragua ($21.6M), United States ($74.6k), Costa Rica ($27.4k), Mexico ($4.07k), and Canada ($3.84k).

The fastest growing export markets for Refined Petroleum of Honduras between 2017 and 2018 were Nicaragua ($21.6M) and Canada ($3.84k).

Imports: In 2018, Honduras imported $1.22B in Refined Petroleum, becoming the 88th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Honduras. Honduras imports Refined Petroleum primarily from: United States ($1.14B), Ecuador ($57.7M), El Salvador ($9.36M), Mexico ($2.8M), and Russia ($1.56M).

The fastest growing import markets in Refined Petroleum for Honduras between 2017 and 2018 were United States ($114M), Ecuador ($35.4M), and United Kingdom ($561k).

Tariffs: In 2018, the average tariff for Honduras in Refined Petroleum was 4.21%. The countries with the highest import tariffs for Refined Petroleum were Canada (5%), Angola (4.46%), Burundi (4.46%), Benin (4.46%), and Burkina Faso (4.46%).

Value

EXPORTS (2018): $21.7M

IMPORTS (2018): $1.22B

NET TRADE (2018): -$1.2B

In 2018, Honduras exported $21.7M in Refined Petroleum. The main destinations of Honduras exports on Refined Petroleum were Nicaragua ($21.6M), United States ($74.6k), Costa Rica ($27.4k), Mexico ($4.07k), and Canada ($3.84k).

In 2018, Honduras imported $1.22B in Refined Petroleum, mainly from United States ($1.14B), Ecuador ($57.7M), El Salvador ($9.36M), Mexico ($2.8M), and Russia ($1.56M).

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IN 2018, Honduras HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:: Nicaragua, $20.7M ($21.6M - $850k)

IN 2018, Honduras HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$1.14B ($74.6k - $1.14B)
  • Ecuador, -$57.7M ($0 - $57.7M)
  • El Salvador, -$9.36M ($0 - $9.36M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Honduras WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Honduras WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Honduras's main exporting competitors in Refined Petroleum were:

In 2018, Honduras's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Honduras. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Honduras in Refined Petroleum was 4.21%.

The countries with the highest tariffs for Refined Petroleum in Honduras were Canada (5%), Angola (4.46%), Burundi (4.46%), Benin (4.46%), and Burkina Faso (4.46%).

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