2022
Exports
$21.5MWorld Rnk 98 / 223
Flag Rnk 40 / 93
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$350MWorld Rnk 106 / 226
Flag Rnk 12 / 96
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $21.5M in Pharmaceutical products, making it the 98th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 40th most exported product in Honduras. The main destination of Pharmaceutical products exports from Honduras are: Nicaragua ($8.43M), Costa Rica ($3.5M), El Salvador ($2.8M), Guatemala ($2.45M), and United States ($2.1M).

The fastest growing export markets for Pharmaceutical products of Honduras between 2021 and 2022 were Costa Rica ($3.23M), Nicaragua ($3.22M), and United States ($1.4M).

Imports In 2022, Honduras imported $350M in Pharmaceutical products, becoming the 106th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most imported product in Honduras. Honduras imports Pharmaceutical products primarily from: Guatemala ($87.9M), Belgium ($45.7M), El Salvador ($39.2M), Costa Rica ($37.2M), and India ($30.9M).

The fastest growing import markets in Pharmaceutical products for Honduras between 2021 and 2022 were Belgium ($33.3M), Guatemala ($7.93M), and Costa Rica ($2.04M).

Latest Trends

Jul 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 Pharmaceutical products. 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)$21.5M
IMPORTS (2022)$350M
NET TRADE (2022)-$328M

In 2022, Honduras exported $21.5M in Pharmaceutical products. The main destinations of Honduras exports on Pharmaceutical products were Nicaragua ($8.43M), Costa Rica ($3.5M), El Salvador ($2.8M), Guatemala ($2.45M), and United States ($2.1M).

In 2022, Honduras imported $350M in Pharmaceutical products, mainly from Guatemala ($87.9M), Belgium ($45.7M), El Salvador ($39.2M), Costa Rica ($37.2M), and India ($30.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Costa Rica$3.23M (1.19k%)
Nicaragua$3.22M (61.7%)
United States$1.4M (200%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Honduras WERE (2021 - 2022):
Honduras-$3.02M (-100%)
France-$1.31M (-100%)
Niger-$439k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Pharmaceutical products were:
In 2022, Honduras's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.55M
TOP IMPORT POTENTIALUnited States+ $17.4M

Pharmaceutical products’s highest export potential is United States. With an export gap of $3.55M.   Pharmaceutical products’s highest import potential is United States with an import gap of $17.4M.

See methodology.

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