2022
Exports
$1.57BWorld Rnk 11 / 221
Flag Rnk 2 / 884
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$198MWorld Rnk 43 / 218
Flag Rnk 12 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $1.57B in Knit Sweaters, making it the 11th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 2nd most exported product in Honduras. The main destination of Knit Sweaters exports from Honduras are: United States ($1.24B), Nicaragua ($138M), Canada ($52.4M), El Salvador ($48.6M), and Mexico ($33.6M).

The fastest growing export markets for Knit Sweaters of Honduras between 2021 and 2022 were United States ($199M), Nicaragua ($114M), and El Salvador ($23M).

Imports In 2022, Honduras imported $198M in Knit Sweaters, becoming the 43rd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 12th most imported product in Honduras. Honduras imports Knit Sweaters primarily from: El Salvador ($114M), Nicaragua ($79.1M), Guatemala ($1.57M), Spain ($1.54M), and United States ($1.02M).

The fastest growing import markets in Knit Sweaters for Honduras between 2021 and 2022 were Nicaragua ($47.8M), El Salvador ($14.7M), and Spain ($322k).

COMPANIES In 2023, leading companies such as Gildan Activewear (269), Adidas (10), and Old Navy (1) were at the forefront of shipping Knit Sweaters from Honduras to the United States.

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 Sweaters. 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)$1.57B
IMPORTS (2022)$198M
NET TRADE (2022)$1.37B

In 2022, Honduras exported $1.57B in Knit Sweaters. The main destinations of Honduras exports on Knit Sweaters were United States ($1.24B), Nicaragua ($138M), Canada ($52.4M), El Salvador ($48.6M), and Mexico ($33.6M).

In 2022, Honduras imported $198M in Knit Sweaters, mainly from El Salvador ($114M), Nicaragua ($79.1M), Guatemala ($1.57M), Spain ($1.54M), and United States ($1.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$199M (19.2%)
Nicaragua$114M (467%)
El Salvador$23M (89.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Honduras WERE (2021 - 2022):
Colombia-$3.96M (-63.6%)
United Kingdom-$3.69M (-26.6%)
China-$3.47M (-71.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Knit Sweaters were:
In 2022, Honduras's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $85.4M
TOP IMPORT POTENTIALGuatemala+ $2.69M

Knit Sweaters’s highest export potential is United States. With an export gap of $85.4M.   Knit Sweaters’s highest import potential is Guatemala with an import gap of $2.69M.

See methodology.

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