2022
Exports
$2.22MWorld Rnk 71 / 208
Flag Rnk 178 / 884
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$1.49MWorld Rnk 119 / 220
Flag Rnk 523 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $2.22M in Knitted Hats, making it the 71st largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 178th most exported product in Honduras. The main destination of Knitted Hats exports from Honduras are: United States ($1.72M), Canada ($250k), Guatemala ($68.1k), China ($48.8k), and South Korea ($28.3k).

The fastest growing export markets for Knitted Hats of Honduras between 2021 and 2022 were United States ($1.47M), Canada ($186k), and Guatemala ($54.1k).

Imports In 2022, Honduras imported $1.49M in Knitted Hats, becoming the 119th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 523rd most imported product in Honduras. Honduras imports Knitted Hats primarily from: China ($562k), United States ($513k), Guatemala ($177k), Mexico ($81.4k), and El Salvador ($57.5k).

The fastest growing import markets in Knitted Hats for Honduras between 2021 and 2022 were United States ($367k), Guatemala ($96k), and Costa Rica ($12.3k).

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 Knitted Hats. 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)$2.22M
IMPORTS (2022)$1.49M
NET TRADE (2022)$735k

In 2022, Honduras exported $2.22M in Knitted Hats. The main destinations of Honduras exports on Knitted Hats were United States ($1.72M), Canada ($250k), Guatemala ($68.1k), China ($48.8k), and South Korea ($28.3k).

In 2022, Honduras imported $1.49M in Knitted Hats, mainly from China ($562k), United States ($513k), Guatemala ($177k), Mexico ($81.4k), and El Salvador ($57.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$1.47M (568%)
Canada$186k (292%)
Guatemala$54.1k (386%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Honduras WERE (2021 - 2022):
Poland-$75.7k (-95.5%)
Saudi Arabia-$12.3k (-100%)
South Korea-$9.15k (-24.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Knitted Hats were:
In 2022, Honduras's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.54M
TOP IMPORT POTENTIALChina+ $355k

Knitted Hats’s highest export potential is United States. With an export gap of $1.54M.   Knitted Hats’s highest import potential is China with an import gap of $355k.

See methodology.

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