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2022
Exports $119MWorld Rnk 14 / 190
Flag Rnk 15 / 884
2022
Destination $20.6M El Salvador
2021 - 2022
FASTEST GROWING MARKET $20.6MEl Salvador
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $2.22MWorld Rnk 112 / 217
Flag Rnk 462 / 1113
2022
Origin $104k China
2021 - 2022
FASTEST GROWING ORIGIN $104kEl Salvador
2022
ECONOMIC COMPLEXITY of Honduras-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $119M in Knit Men's Undergarments, making it the 14th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 15th most exported product in Honduras. The main destination of Knit Men's Undergarments exports from Honduras are: El Salvador ($58.1M), United States ($48.2M), Guatemala ($6.84M), Canada ($5.73M), and Costa Rica ($139k).

The fastest growing export markets for Knit Men's Undergarments of Honduras between 2021 and 2022 were El Salvador ($20.6M), Guatemala ($4M), and Nicaragua ($69.6k).

Imports In 2022, Honduras imported $2.22M in Knit Men's Undergarments, becoming the 112th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 462nd most imported product in Honduras. Honduras imports Knit Men's Undergarments primarily from: China ($596k), United States ($561k), El Salvador ($500k), Guatemala ($215k), and Uruguay ($185k).

The fastest growing import markets in Knit Men's Undergarments for Honduras between 2021 and 2022 were El Salvador ($104k), Uruguay ($28.9k), and Costa Rica ($25.1k).

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 Knit Men's Undergarments. 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)$119M
IMPORTS (2022)$2.22M
NET TRADE (2022)$117M

In 2022, Honduras exported $119M in Knit Men's Undergarments. The main destinations of Honduras exports on Knit Men's Undergarments were El Salvador ($58.1M), United States ($48.2M), Guatemala ($6.84M), Canada ($5.73M), and Costa Rica ($139k).

In 2022, Honduras imported $2.22M in Knit Men's Undergarments, mainly from China ($596k), United States ($561k), El Salvador ($500k), Guatemala ($215k), and Uruguay ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
El Salvador$20.6M (55.1%)
Guatemala$4M (141%)
Nicaragua$69.6k (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Honduras WERE (2021 - 2022):
United States-$9.58M (-16.6%)
Canada-$1.71M (-23%)
Mexico-$146k (-100%)
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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 Knit Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Honduras's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $20.4M
TOP IMPORT POTENTIALChina+ $384k

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $20.4M.   Knit Men's Undergarments’s highest import potential is China with an import gap of $384k.

See methodology.

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