2022
Exports
$22MWorld Rnk 38 / 192
Flag Rnk 69 / 884
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$10.9MWorld Rnk 89 / 223
Flag Rnk 217 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $22M in Packing Bags, making it the 38th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 69th most exported product in Honduras. The main destination of Packing Bags exports from Honduras are: United States ($18.8M), Guatemala ($1.76M), El Salvador ($535k), Nicaragua ($479k), and Costa Rica ($424k).

The fastest growing export markets for Packing Bags of Honduras between 2021 and 2022 were United States ($16.7M), Nicaragua ($149k), and Belize ($32.8k).

Imports In 2022, Honduras imported $10.9M in Packing Bags, becoming the 89th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 217th most imported product in Honduras. Honduras imports Packing Bags primarily from: Guatemala ($6.1M), India ($1.42M), El Salvador ($1.35M), China ($1.1M), and Nicaragua ($357k).

The fastest growing import markets in Packing Bags for Honduras between 2021 and 2022 were China ($341k), Brazil ($181k), and Hong Kong ($8.67k).

COMPANIES In 2023, leading companies such as Sucafina (2) and Rothfos (1) were at the forefront of shipping Packing Bags 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 Packing Bags. 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)$22M
IMPORTS (2022)$10.9M
NET TRADE (2022)$11.2M

In 2022, Honduras exported $22M in Packing Bags. The main destinations of Honduras exports on Packing Bags were United States ($18.8M), Guatemala ($1.76M), El Salvador ($535k), Nicaragua ($479k), and Costa Rica ($424k).

In 2022, Honduras imported $10.9M in Packing Bags, mainly from Guatemala ($6.1M), India ($1.42M), El Salvador ($1.35M), China ($1.1M), and Nicaragua ($357k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$16.7M (809%)
Nicaragua$149k (44.9%)
Belize$32.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Honduras WERE (2021 - 2022):
Costa Rica-$2.53M (-85.6%)
Honduras-$1.63M (-100%)
Guatemala-$101k (-5.41%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Honduras's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.1M
TOP IMPORT POTENTIALIndia+ $630k

Packing Bags’s highest export potential is United States. With an export gap of $3.1M.   Packing Bags’s highest import potential is India with an import gap of $630k.

See methodology.

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