2022
Exports
$6.64MWorld Rnk 70 / 126
Flag Rnk 117 / 884
2022
PRODUCT COMPLEXITY IN Animal Meal and Pellets
-1.49Rnk 946 / 1025
2022
Imports
$23.4MWorld Rnk 42 / 173
Flag Rnk 116 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $6.64M in Animal Meal and Pellets, making it the 70th largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 117th most exported product in Honduras. The main destination of Animal Meal and Pellets exports from Honduras are: El Salvador ($2.24M), Nicaragua ($2.14M), South Korea ($1.27M), Guatemala ($460k), and Chinese Taipei ($406k).

The fastest growing export markets for Animal Meal and Pellets of Honduras between 2021 and 2022 were El Salvador ($762k), Nicaragua ($672k), and South Korea ($595k).

Imports In 2022, Honduras imported $23.4M in Animal Meal and Pellets, becoming the 42nd largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 116th most imported product in Honduras. Honduras imports Animal Meal and Pellets primarily from: United States ($15.8M), Ecuador ($1.71M), Nicaragua ($1.64M), Panama ($1.54M), and El Salvador ($1.38M).

The fastest growing import markets in Animal Meal and Pellets for Honduras between 2021 and 2022 were El Salvador ($454k), Guatemala ($88.6k), and Ecuador ($59.4k).

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 Animal Meal and Pellets. 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)$6.64M
IMPORTS (2022)$23.4M
NET TRADE (2022)-$16.7M

In 2022, Honduras exported $6.64M in Animal Meal and Pellets. The main destinations of Honduras exports on Animal Meal and Pellets were El Salvador ($2.24M), Nicaragua ($2.14M), South Korea ($1.27M), Guatemala ($460k), and Chinese Taipei ($406k).

In 2022, Honduras imported $23.4M in Animal Meal and Pellets, mainly from United States ($15.8M), Ecuador ($1.71M), Nicaragua ($1.64M), Panama ($1.54M), and El Salvador ($1.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
El Salvador$762k (51.5%)
Nicaragua$672k (45.8%)
South Korea$595k (87.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY Honduras WERE (2021 - 2022):
Honduras-$1.15M (-100%)
Chile-$174k (-99.9%)
Dominican Republic-$27.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Animal Meal and Pellets were:
In 2022, Honduras's main importing competitors in Animal Meal and Pellets were:

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Trade Value of Animal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGuatemala+ $237k
TOP IMPORT POTENTIALPeru+ $917k

Animal Meal and Pellets’s highest export potential is Guatemala. With an export gap of $237k.   Animal Meal and Pellets’s highest import potential is Peru with an import gap of $917k.

See methodology.

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