2023
Exports
$80.7MWorld Rnk 25 / 207
Flag Rnk 23 / 960
2023
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.34Rnk 912 / 1025
2023
Imports
$16.3MWorld Rnk 84 / 221
Flag Rnk 180 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $80.7M in Knit Men's Suits, making it the 25th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 23rd most exported product in Honduras. The main destination of Knit Men's Suits exports from Honduras are: United States ($70M), Canada ($3.56M), Mexico ($2.78M), Guatemala ($823k), and United Kingdom ($556k).

The fastest growing export markets for Knit Men's Suits of Honduras between 2022 and 2023 were Belgium ($125k), Peru ($42k), and Israel ($34k).

Imports In 2023, Honduras imported $16.3M in Knit Men's Suits, becoming the 84th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 180th most imported product in Honduras. Honduras imports Knit Men's Suits primarily from: El Salvador ($8.8M), China ($3.32M), United States ($1.21M), Guatemala ($699k), and India ($483k).

The fastest growing import markets in Knit Men's Suits for Honduras between 2022 and 2023 were China ($2.96M), United States ($581k), and India ($482k).

COMPANIES In 2024, leading companies such as Adidas (1) were at the forefront of shipping Knit Men's Suits from Honduras to the United States.

Latest Trends

Dec 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 Knit Men's Suits. 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 (2023)$80.7M
IMPORTS (2023)$16.3M
NET TRADE (2023)$64.4M

In 2023, Honduras exported $80.7M in Knit Men's Suits. The main destinations of Honduras exports on Knit Men's Suits were United States ($70M), Canada ($3.56M), Mexico ($2.78M), Guatemala ($823k), and United Kingdom ($556k).

In 2023, Honduras imported $16.3M in Knit Men's Suits, mainly from El Salvador ($8.8M), China ($3.32M), United States ($1.21M), Guatemala ($699k), and India ($483k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Belgium$125k (1.94k%)
Peru$42k (139%)
Israel$34k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Honduras WERE (2022 - 2023):
United States-$92.7M (-57%)
El Salvador-$4.38M (-96%)
Canada-$2.35M (-39.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Knit Men's Suits were:
In 2023, Honduras's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22M
TOP IMPORT POTENTIALChina+ $696k

Knit Men's Suits’s highest export potential is United States. With an export gap of $22M.   Knit Men's Suits’s highest import potential is China with an import gap of $696k.

See methodology.

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