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2022
Exports $33.3MWorld Rnk 13 / 136
Flag Rnk 50 / 884
2022
Destination $14.2M United States
2021 - 2022
FASTEST GROWING MARKET $14.2MUnited States
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $26.3kWorld Rnk 128 / 193
Flag Rnk 963 / 1113
2022
Origin $16.5k Guatemala
2021 - 2022
FASTEST GROWING ORIGIN $16.5kGuatemala
2022
ECONOMIC COMPLEXITY of Honduras-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $33.3M in Molasses, making it the 13th largest exporter of Molasses in the world. At the same year, Molasses was the 50th most exported product in Honduras. The main destination of Molasses exports from Honduras are: United States ($24.1M), United Kingdom ($6.51M), Belgium ($1.56M), Ireland ($743k), and Germany ($331k).

The fastest growing export markets for Molasses of Honduras between 2021 and 2022 were United States ($14.2M), United Kingdom ($3.26M), and Belgium ($1.56M).

Imports In 2022, Honduras imported $26.3k in Molasses, becoming the 128th largest importer of Molasses in the world. At the same year, Molasses was the 963rd most imported product in Honduras. Honduras imports Molasses primarily from: Guatemala ($25.2k) and Nicaragua ($1.13k).

The fastest growing import markets in Molasses for Honduras between 2021 and 2022 were Guatemala ($16.5k) and Nicaragua ($1.13k).

Latest Trends

Aug 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 Molasses. 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)$33.3M
IMPORTS (2022)$26.3k
NET TRADE (2022)$33.3M

In 2022, Honduras exported $33.3M in Molasses. The main destinations of Honduras exports on Molasses were United States ($24.1M), United Kingdom ($6.51M), Belgium ($1.56M), Ireland ($743k), and Germany ($331k).

In 2022, Honduras imported $26.3k in Molasses, mainly from Guatemala ($25.2k) and Nicaragua ($1.13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$14.2M (144%)
United Kingdom$3.26M (100%)
Belgium$1.56M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Honduras WERE (2021 - 2022):Ireland-$3.37M (-81.9%)
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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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Honduras's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $355k
TOP IMPORT POTENTIALGuatemala+ $17.3k

Molasses’s highest export potential is Germany. With an export gap of $355k.   Molasses’s highest import potential is Guatemala with an import gap of $17.3k.

See methodology.

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