2022
Exports
$12kWorld Rnk 112 / 158
Flag Rnk 593 / 884
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$3.28MWorld Rnk 102 / 213
Flag Rnk 404 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $12k in Industrial Furnaces, making it the 112th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 593rd most exported product in Honduras. The main destination of Industrial Furnaces exports from Honduras are: Guatemala ($10.9k), Nicaragua ($918), and Belize ($233).

The fastest growing export markets for Industrial Furnaces of Honduras between 2021 and 2022 were Guatemala ($9.75k) and Belize ($233).

Imports In 2022, Honduras imported $3.28M in Industrial Furnaces, becoming the 102nd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 404th most imported product in Honduras. Honduras imports Industrial Furnaces primarily from: Spain ($866k), United States ($824k), China ($515k), Italy ($302k), and Germany ($213k).

The fastest growing import markets in Industrial Furnaces for Honduras between 2021 and 2022 were United States ($526k), China ($403k), and Germany ($155k).

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 Industrial Furnaces. 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)$12k
IMPORTS (2022)$3.28M
NET TRADE (2022)-$3.27M

In 2022, Honduras exported $12k in Industrial Furnaces. The main destinations of Honduras exports on Industrial Furnaces were Guatemala ($10.9k), Nicaragua ($918), and Belize ($233).

In 2022, Honduras imported $3.28M in Industrial Furnaces, mainly from Spain ($866k), United States ($824k), China ($515k), Italy ($302k), and Germany ($213k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Guatemala$9.75k (876%)
Belize$233 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Honduras WERE (2021 - 2022):
Paraguay-$187k (-100%)
El Salvador-$34.6k (-100%)
Nicaragua-$16.1k (-94.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Honduras's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $4.32k
TOP IMPORT POTENTIALChina+ $358k

Industrial Furnaces’s highest export potential is Guatemala. With an export gap of $4.32k.   Industrial Furnaces’s highest import potential is China with an import gap of $358k.

See methodology.

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