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2022
Exports $365kWorld Rnk 115 / 196
Flag Rnk 282 / 884
2022
Destination $61.8k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $61.8kCanada
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $863kWorld Rnk 111 / 214
Flag Rnk 614 / 1113
2022
Origin $107k United States
2021 - 2022
FASTEST GROWING ORIGIN $107kGuatemala
2022
ECONOMIC COMPLEXITY of Honduras-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $365k in Essential Oils, making it the 115th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 282nd most exported product in Honduras. The main destination of Essential Oils exports from Honduras are: United Kingdom ($93.8k), Canada ($75.1k), United States ($46.8k), Guatemala ($41.8k), and Spain ($39.7k).

The fastest growing export markets for Essential Oils of Honduras between 2021 and 2022 were Canada ($61.8k), Guatemala ($41.8k), and Turkey ($5.34k).

Imports In 2022, Honduras imported $863k in Essential Oils, becoming the 111th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 614th most imported product in Honduras. Honduras imports Essential Oils primarily from: United States ($348k), Guatemala ($228k), India ($145k), Spain ($72.8k), and El Salvador ($51k).

The fastest growing import markets in Essential Oils for Honduras between 2021 and 2022 were Guatemala ($107k), El Salvador ($51k), and Spain ($36.1k).

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 Essential Oils. 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)$365k
IMPORTS (2022)$863k
NET TRADE (2022)-$498k

In 2022, Honduras exported $365k in Essential Oils. The main destinations of Honduras exports on Essential Oils were United Kingdom ($93.8k), Canada ($75.1k), United States ($46.8k), Guatemala ($41.8k), and Spain ($39.7k).

In 2022, Honduras imported $863k in Essential Oils, mainly from United States ($348k), Guatemala ($228k), India ($145k), Spain ($72.8k), and El Salvador ($51k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Canada$61.8k (463%)
Guatemala$41.8k (1%)
Turkey$5.34k (61.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Honduras WERE (2021 - 2022):
Germany-$240k (-89.2%)
France-$104k (-99.8%)
China-$76.1k (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Honduras's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $128k
TOP IMPORT POTENTIALIndia+ $116k

Essential Oils’s highest export potential is United States. With an export gap of $128k.   Essential Oils’s highest import potential is India with an import gap of $116k.

See methodology.

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