2022
Exports
$26.1kWorld Rnk 111 / 183
Flag Rnk 533 / 884
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$207kWorld Rnk 116 / 216
Flag Rnk 798 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $26.1k in Basketwork, making it the 111th largest exporter of Basketwork in the world. At the same year, Basketwork was the 533rd most exported product in Honduras. The main destination of Basketwork exports from Honduras are: El Salvador ($10.5k), United States ($7.3k), Japan ($5.22k), Netherlands ($973), and Guatemala ($951).

The fastest growing export markets for Basketwork of Honduras between 2021 and 2022 were El Salvador ($9.14k), Japan ($5.18k), and Netherlands ($973).

Imports In 2022, Honduras imported $207k in Basketwork, becoming the 116th largest importer of Basketwork in the world. At the same year, Basketwork was the 798th most imported product in Honduras. Honduras imports Basketwork primarily from: China ($78.9k), United States ($69.5k), Guatemala ($48.1k), Spain ($6.18k), and Nicaragua ($1.82k).

The fastest growing import markets in Basketwork for Honduras between 2021 and 2022 were United States ($43.6k), Guatemala ($39.7k), and China ($3.5k).

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 Basketwork. 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)$26.1k
IMPORTS (2022)$207k
NET TRADE (2022)-$181k

In 2022, Honduras exported $26.1k in Basketwork. The main destinations of Honduras exports on Basketwork were El Salvador ($10.5k), United States ($7.3k), Japan ($5.22k), Netherlands ($973), and Guatemala ($951).

In 2022, Honduras imported $207k in Basketwork, mainly from China ($78.9k), United States ($69.5k), Guatemala ($48.1k), Spain ($6.18k), and Nicaragua ($1.82k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
El Salvador$9.14k (679%)
Japan$5.18k (12.9k%)
Netherlands$973 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Honduras WERE (2021 - 2022):
United States-$1.98k (-21.3%)
Spain-$427 (-100%)
Canada-$101 (-37.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.2k
TOP IMPORT POTENTIALChina+ $61.3k

Basketwork’s highest export potential is United States. With an export gap of $21.2k.   Basketwork’s highest import potential is China with an import gap of $61.3k.

See methodology.

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