2022
Exports
$1.09MWorld Rnk 52 / 153
Flag Rnk 211 / 884
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$3.38MWorld Rnk 49 / 197
Flag Rnk 399 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $1.09M in Insect Resins, making it the 52nd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 211th most exported product in Honduras. The main destination of Insect Resins exports from Honduras are: Guatemala ($394k), Germany ($253k), China ($130k), Singapore ($128k), and France ($105k).

The fastest growing export markets for Insect Resins of Honduras between 2021 and 2022 were Guatemala ($340k), Germany ($21.9k), and Switzerland ($9.64k).

Imports In 2022, Honduras imported $3.38M in Insect Resins, becoming the 49th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 399th most imported product in Honduras. Honduras imports Insect Resins primarily from: United States ($3.08M), Guatemala ($298k), Italy ($1.12k), and El Salvador ($160).

The fastest growing import markets in Insect Resins for Honduras between 2021 and 2022 were United States ($837k) and Italy ($1.12k).

Latest Trends

Sep 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 Insect Resins. 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)$1.09M
IMPORTS (2022)$3.38M
NET TRADE (2022)-$2.29M

In 2022, Honduras exported $1.09M in Insect Resins. The main destinations of Honduras exports on Insect Resins were Guatemala ($394k), Germany ($253k), China ($130k), Singapore ($128k), and France ($105k).

In 2022, Honduras imported $3.38M in Insect Resins, mainly from United States ($3.08M), Guatemala ($298k), Italy ($1.12k), and El Salvador ($160).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Guatemala$340k (621%)
Germany$21.9k (9.46%)
Switzerland$9.64k (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Honduras WERE (2021 - 2022):
China-$172k (-56.9%)
Singapore-$139k (-52.2%)
France-$109k (-50.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $107k
TOP IMPORT POTENTIALItaly+ $3.38k

Insect Resins’s highest export potential is China. With an export gap of $107k.   Insect Resins’s highest import potential is Italy with an import gap of $3.38k.

See methodology.

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