2023
Exports
$408MWorld Rnk 9 / 150
Flag Rnk 5 / 960
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$44.1MWorld Rnk 85 / 206
Flag Rnk 72 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $408M in Palm Oil, making it the 9th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 5th most exported product in Honduras. The main destination of Palm Oil exports from Honduras are: Netherlands ($92.5M), Italy ($65.2M), Spain ($55.7M), El Salvador ($53.1M), and United States ($30.8M).

The fastest growing export markets for Palm Oil of Honduras between 2022 and 2023 were Spain ($32.2M), United States ($30.8M), and Belgium ($7.74M).

Imports In 2023, Honduras imported $44.1M in Palm Oil, becoming the 85th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 72nd most imported product in Honduras. Honduras imports Palm Oil primarily from: Indonesia ($23.8M), Guatemala ($8.59M), Nicaragua ($5.59M), El Salvador ($5.38M), and Panama ($740k).

The fastest growing import markets in Palm Oil for Honduras between 2022 and 2023 were Panama ($364k), Costa Rica ($1.05k), and Malaysia ($300).

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 Palm Oil. 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)$408M
IMPORTS (2023)$44.1M
NET TRADE (2023)$364M

In 2023, Honduras exported $408M in Palm Oil. The main destinations of Honduras exports on Palm Oil were Netherlands ($92.5M), Italy ($65.2M), Spain ($55.7M), El Salvador ($53.1M), and United States ($30.8M).

In 2023, Honduras imported $44.1M in Palm Oil, mainly from Indonesia ($23.8M), Guatemala ($8.59M), Nicaragua ($5.59M), El Salvador ($5.38M), and Panama ($740k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
Spain$32.2M (137%)
United States$30.8M (254k%)
Belgium$7.74M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Honduras WERE (2022 - 2023):
Italy-$110M (-62.8%)
Netherlands-$33M (-26.3%)
Germany-$26.3M (-54.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Palm Oil were:
In 2023, Honduras's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $8.11M
TOP IMPORT POTENTIALIndonesia+ $4.49M

Palm Oil’s highest export potential is Mexico. With an export gap of $8.11M.   Palm Oil’s highest import potential is Indonesia with an import gap of $4.49M.

See methodology.

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