2023
Exports
$1.14MWorld Rnk 164 / 214
Flag Rnk 238 / 960
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$2.4BWorld Rnk 75 / 226
Flag Rnk 1 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.14M in Refined Petroleum, making it the 164th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 238th most exported product in Honduras. The main destination of Refined Petroleum exports from Honduras are: El Salvador ($497k), Belize ($394k), Guatemala ($121k), France ($71.4k), and Nicaragua ($19.9k).

The fastest growing export markets for Refined Petroleum of Honduras between 2022 and 2023 were El Salvador ($496k), Belize ($394k), and France ($71.4k).

Imports In 2023, Honduras imported $2.4B in Refined Petroleum, becoming the 75th 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 ($2.23B), Ecuador ($58.2M), Peru ($32.8M), Panama ($24M), and El Salvador ($15.3M).

The fastest growing import markets in Refined Petroleum for Honduras between 2022 and 2023 were United States ($120M), Ecuador ($58.2M), and Peru ($32.3M).

COMPANIES In 2024, leading companies such as Dole Fresh Fruit (1.67k) and Halyard Health (28) were at the forefront of shipping Refined Petroleum from Honduras to the United States.

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 Refined Petroleum. 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)$1.14M
IMPORTS (2023)$2.4B
NET TRADE (2023)-$2.4B

In 2023, Honduras exported $1.14M in Refined Petroleum. The main destinations of Honduras exports on Refined Petroleum were El Salvador ($497k), Belize ($394k), Guatemala ($121k), France ($71.4k), and Nicaragua ($19.9k).

In 2023, Honduras imported $2.4B in Refined Petroleum, mainly from United States ($2.23B), Ecuador ($58.2M), Peru ($32.8M), Panama ($24M), and El Salvador ($15.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
El Salvador$496k (49.7k%)
Belize$394k (1%)
France$71.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Honduras WERE (2022 - 2023):
Guatemala-$113k (-48.5%)
Canada-$1.8k (-87.7%)
Panama-$429 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Refined Petroleum were:
In 2023, Honduras's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $292k
TOP IMPORT POTENTIALUnited Kingdom+ $17.6M

Refined Petroleum’s highest export potential is Guatemala. With an export gap of $292k.   Refined Petroleum’s highest import potential is United Kingdom with an import gap of $17.6M.

See methodology.

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