2022
Exports
$3.99MWorld Rnk 92 / 223
Flag Rnk 141 / 884
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$32.1MWorld Rnk 120 / 225
Flag Rnk 89 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $3.99M in Electrical Transformers, making it the 92nd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 141st most exported product in Honduras. The main destination of Electrical Transformers exports from Honduras are: United States ($1.74M), Malaysia ($459k), China ($349k), Germany ($288k), and Canada ($244k).

The fastest growing export markets for Electrical Transformers of Honduras between 2021 and 2022 were United States ($862k), Malaysia ($292k), and Singapore ($60k).

Imports In 2022, Honduras imported $32.1M in Electrical Transformers, becoming the 120th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 89th most imported product in Honduras. Honduras imports Electrical Transformers primarily from: United States ($11.2M), China ($9.92M), Mexico ($1.81M), Germany ($1.68M), and Spain ($1.54M).

The fastest growing import markets in Electrical Transformers for Honduras between 2021 and 2022 were Ecuador ($442k), United States ($293k), and Spain ($180k).

Latest Trends

Oct 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 Electrical Transformers. 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)$3.99M
IMPORTS (2022)$32.1M
NET TRADE (2022)-$28.1M

In 2022, Honduras exported $3.99M in Electrical Transformers. The main destinations of Honduras exports on Electrical Transformers were United States ($1.74M), Malaysia ($459k), China ($349k), Germany ($288k), and Canada ($244k).

In 2022, Honduras imported $32.1M in Electrical Transformers, mainly from United States ($11.2M), China ($9.92M), Mexico ($1.81M), Germany ($1.68M), and Spain ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$862k (98.3%)
Malaysia$292k (175%)
Singapore$60k (55.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Honduras WERE (2021 - 2022):
China-$127k (-26.6%)
El Salvador-$56.3k (-94.9%)
Russia-$37.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.95M
TOP IMPORT POTENTIALChina+ $7.18M

Electrical Transformers’s highest export potential is United States. With an export gap of $2.95M.   Electrical Transformers’s highest import potential is China with an import gap of $7.18M.

See methodology.

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