2023
Exports
$1.41MWorld Rnk 49 / 134
Flag Rnk 224 / 960
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$84.1kWorld Rnk 83 / 159
Flag Rnk 922 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $1.41M in Cocoa Beans, making it the 49th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 224th most exported product in Honduras. The main destination of Cocoa Beans exports from Honduras are: Switzerland ($807k), Costa Rica ($175k), Netherlands ($121k), El Salvador ($106k), and United Kingdom ($83.6k).

The fastest growing export markets for Cocoa Beans of Honduras between 2022 and 2023 were Netherlands ($102k), El Salvador ($15.4k), and United States ($6.94k).

Imports In 2023, Honduras imported $84.1k in Cocoa Beans, becoming the 83rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 922nd most imported product in Honduras. Honduras imports Cocoa Beans primarily from: Nicaragua ($78.9k), Guatemala ($5.21k), and United States ($33).

The fastest growing import markets in Cocoa Beans for Honduras between 2022 and 2023 were Nicaragua ($72.1k) and United States ($33).

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.41M
IMPORTS (2023)$84.1k
NET TRADE (2023)$1.32M

In 2023, Honduras exported $1.41M in Cocoa Beans. The main destinations of Honduras exports on Cocoa Beans were Switzerland ($807k), Costa Rica ($175k), Netherlands ($121k), El Salvador ($106k), and United Kingdom ($83.6k).

In 2023, Honduras imported $84.1k in Cocoa Beans, mainly from Nicaragua ($78.9k), Guatemala ($5.21k), and United States ($33).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Netherlands$102k (541%)
El Salvador$15.4k (17.1%)
United States$6.94k (29.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Honduras WERE (2022 - 2023):
Switzerland-$816k (-50.3%)
Costa Rica-$799k (-82%)
United Kingdom-$85.6k (-50.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Honduras's main exporting competitors in Cocoa Beans were:
In 2023, Honduras's main importing competitors in Cocoa Beans were:

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $154k
TOP IMPORT POTENTIALNicaragua+ $6.1k

Cocoa Beans’s highest export potential is United Kingdom. With an export gap of $154k.   Cocoa Beans’s highest import potential is Nicaragua with an import gap of $6.1k.

See methodology.

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