2022
Exports
$3.39MWorld Rnk 102 / 210
Flag Rnk 148 / 884
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$238MWorld Rnk 112 / 224
Flag Rnk 9 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $3.39M in Cars, making it the 102nd largest exporter of Cars in the world. At the same year, Cars was the 148th most exported product in Honduras. The main destination of Cars exports from Honduras are: United States ($3.22M), Nigeria ($60.1k), Bahamas ($33.3k), Costa Rica ($28.6k), and South Korea ($17.6k).

The fastest growing export markets for Cars of Honduras between 2021 and 2022 were United States ($2.6M), Nigeria ($60.1k), and Bahamas ($33.3k).

Imports In 2022, Honduras imported $238M in Cars, becoming the 112th largest importer of Cars in the world. At the same year, Cars was the 9th most imported product in Honduras. Honduras imports Cars primarily from: United States ($125M), Japan ($32.9M), China ($18.3M), South Korea ($16.7M), and India ($15.8M).

The fastest growing import markets in Cars for Honduras between 2021 and 2022 were China ($9.11M), India ($8.52M), and United States ($6.38M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (34) and Halyard Health (8) were at the forefront of shipping Cars from Honduras to the United States.

Latest Trends

Aug 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 Cars. 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)$3.39M
IMPORTS (2022)$238M
NET TRADE (2022)-$234M

In 2022, Honduras exported $3.39M in Cars. The main destinations of Honduras exports on Cars were United States ($3.22M), Nigeria ($60.1k), Bahamas ($33.3k), Costa Rica ($28.6k), and South Korea ($17.6k).

In 2022, Honduras imported $238M in Cars, mainly from United States ($125M), Japan ($32.9M), China ($18.3M), South Korea ($16.7M), and India ($15.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$2.6M (423%)
Nigeria$60.1k (1%)
Bahamas$33.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Honduras WERE (2021 - 2022):
Guatemala-$178k (-98.9%)
Colombia-$148k (-100%)
Costa Rica-$71.5k (-71.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.03M
TOP IMPORT POTENTIALJapan+ $18.2M

Cars’s highest export potential is United States. With an export gap of $6.03M.   Cars’s highest import potential is Japan with an import gap of $18.2M.

See methodology.

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