2022
Exports
$5.7kWorld Rnk 116 / 174
Flag Rnk 643 / 884
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$2.36MWorld Rnk 98 / 218
Flag Rnk 446 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $5.7k in Umbrellas, making it the 116th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 643rd most exported product in Honduras. The main destination of Umbrellas exports from Honduras are: Guatemala ($3.86k), Spain ($752), Nicaragua ($614), Dominican Republic ($423), and Canada ($20).

The fastest growing export markets for Umbrellas of Honduras between 2021 and 2022 were Guatemala ($1.53k), Spain ($752), and Dominican Republic ($423).

Imports In 2018, Honduras imported $2.36M in Umbrellas, becoming the 98th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 446th most imported product in Honduras. Honduras imports Umbrellas primarily from: China ($2.07M), Guatemala ($122k), United States ($77.4k), El Salvador ($45k), and Germany ($13k).

The fastest growing import markets in Umbrellas for Honduras between 2021 and 2022 were United States ($30.1k), El Salvador ($22.2k), and Hong Kong ($7.38k).

Latest Trends

Jul 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 Umbrellas. 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)$5.7k
IMPORTS (2022)$2.36M
NET TRADE (2022)-$2.35M

In 2022, Honduras exported $5.7k in Umbrellas. The main destinations of Honduras exports on Umbrellas were Guatemala ($3.86k), Spain ($752), Nicaragua ($614), Dominican Republic ($423), and Canada ($20).

In 2022, Honduras imported $2.36M in Umbrellas, mainly from China ($2.07M), Guatemala ($122k), United States ($77.4k), El Salvador ($45k), and Germany ($13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Guatemala$1.53k (65.4%)
Spain$752 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Honduras WERE (2021 - 2022):
El Salvador-$3.67k (-99.6%)
Austria-$2.31k (-100%)
Belize-$1.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Umbrellas were:
In 2022, Honduras's main importing competitors in Umbrellas were:

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $2.24k
TOP IMPORT POTENTIALChina+ $221k

Umbrellas’s highest export potential is Guatemala. With an export gap of $2.24k.   Umbrellas’s highest import potential is China with an import gap of $221k.

See methodology.

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