2023
Exports
$75.7MWorld Rnk 50 / 221
Flag Rnk 24 / 960
2023
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.21Rnk 878 / 1025
2023
Imports
$17.3MWorld Rnk 109 / 225
Flag Rnk 171 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $75.7M in Non-Knit Men's Suits, making it the 50th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 24th most exported product in Honduras. The main destination of Non-Knit Men's Suits exports from Honduras are: United States ($64.6M), Guatemala ($3.62M), Canada ($2.22M), Japan ($1.39M), and China ($1.1M).

The fastest growing export markets for Non-Knit Men's Suits of Honduras between 2022 and 2023 were China ($447k), Guatemala ($441k), and Hong Kong ($314k).

Imports In 2023, Honduras imported $17.3M in Non-Knit Men's Suits, becoming the 109th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 171st most imported product in Honduras. Honduras imports Non-Knit Men's Suits primarily from: China ($8.31M), Bangladesh ($2.75M), Pakistan ($839k), Turkey ($617k), and Vietnam ($591k).

The fastest growing import markets in Non-Knit Men's Suits for Honduras between 2022 and 2023 were China ($5.28M), Bangladesh ($2.75M), and Pakistan ($790k).

Latest Trends

Jan 2025

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 Non-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)$75.7M
IMPORTS (2023)$17.3M
NET TRADE (2023)$58.4M

In 2023, Honduras exported $75.7M in Non-Knit Men's Suits. The main destinations of Honduras exports on Non-Knit Men's Suits were United States ($64.6M), Guatemala ($3.62M), Canada ($2.22M), Japan ($1.39M), and China ($1.1M).

In 2023, Honduras imported $17.3M in Non-Knit Men's Suits, mainly from China ($8.31M), Bangladesh ($2.75M), Pakistan ($839k), Turkey ($617k), and Vietnam ($591k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
China$447k (68.5%)
Guatemala$441k (13.9%)
Hong Kong$314k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Honduras WERE (2022 - 2023):
United States-$17.6M (-21.4%)
Japan-$1.1M (-44.1%)
Australia-$894k (-99.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $39.4M
TOP IMPORT POTENTIALChina+ $1.89M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $39.4M.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $1.89M.

See methodology.

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