2023
Exports
$3.9MWorld Rnk 15 / 141
Flag Rnk 157 / 960
2023
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons
-1.89Rnk 990 / 1025
2023
Imports
$105kWorld Rnk 114 / 211
Flag Rnk 906 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $3.9M in Nutmeg, mace and cardamons, making it the 15th largest exporter of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 157th most exported product in Honduras. The main destination of Nutmeg, mace and cardamons exports from Honduras are: Guatemala ($1.94M), United States ($617k), Germany ($252k), Canada ($224k), and Netherlands ($214k).

The fastest growing export markets for Nutmeg, mace and cardamons of Honduras between 2022 and 2023 were Guatemala ($214k), Germany ($198k), and Latvia ($107k).

Imports In 2023, Honduras imported $105k in Nutmeg, mace and cardamons, becoming the 114th largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 906th most imported product in Honduras. Honduras imports Nutmeg, mace and cardamons primarily from: United States ($46.3k), Guatemala ($27.1k), Mexico ($20.9k), India ($7.42k), and Costa Rica ($1.83k).

The fastest growing import markets in Nutmeg, mace and cardamons for Honduras between 2022 and 2023 were United States ($46.3k), Mexico ($20.9k), and Indonesia ($1.68k).

Latest Trends

Dec 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 Nutmeg, mace and cardamons. 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)$3.9M
IMPORTS (2023)$105k
NET TRADE (2023)$3.8M

In 2023, Honduras exported $3.9M in Nutmeg, mace and cardamons. The main destinations of Honduras exports on Nutmeg, mace and cardamons were Guatemala ($1.94M), United States ($617k), Germany ($252k), Canada ($224k), and Netherlands ($214k).

In 2023, Honduras imported $105k in Nutmeg, mace and cardamons, mainly from United States ($46.3k), Guatemala ($27.1k), Mexico ($20.9k), India ($7.42k), and Costa Rica ($1.83k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Guatemala$214k (12.4%)
Germany$198k (366%)
Latvia$107k (176%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Honduras WERE (2022 - 2023):
United States-$491k (-44.3%)
Canada-$272k (-54.8%)
Australia-$157k (-54%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Nutmeg, mace and cardamons were:
In 2023, Honduras's main importing competitors in Nutmeg, mace and cardamons were:

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Trade Value of Nutmeg, mace and cardamons by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $269k
TOP IMPORT POTENTIALGuatemala+ $35.1k

Nutmeg, mace and cardamons’s highest export potential is United States. With an export gap of $269k.   Nutmeg, mace and cardamons’s highest import potential is Guatemala with an import gap of $35.1k.

See methodology.

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