2022
Exports
$63.7MWorld Rnk 40 / 175
Flag Rnk 28 / 884
2022
PRODUCT COMPLEXITY IN Processed Crustaceans
-1.65Rnk 967 / 1025
2022
Imports
$1.24MWorld Rnk 109 / 224
Flag Rnk 554 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $63.7M in Processed Crustaceans, making it the 40th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 28th most exported product in Honduras. The main destination of Processed Crustaceans exports from Honduras are: United Kingdom ($26.5M), Germany ($10.2M), United States ($7.34M), Spain ($6.82M), and Hong Kong ($3.28M).

The fastest growing export markets for Processed Crustaceans of Honduras between 2021 and 2022 were United States ($3.66M), Spain ($2.76M), and Macau ($2.41M).

Imports In 2022, Honduras imported $1.24M in Processed Crustaceans, becoming the 109th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 554th most imported product in Honduras. Honduras imports Processed Crustaceans primarily from: China ($504k), United States ($434k), Guatemala ($186k), Nicaragua ($66k), and Colombia ($38.6k).

The fastest growing import markets in Processed Crustaceans for Honduras between 2021 and 2022 were Guatemala ($138k), China ($56.7k), and Colombia ($3.98k).

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 Processed Crustaceans. 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)$63.7M
IMPORTS (2022)$1.24M
NET TRADE (2022)$62.5M

In 2022, Honduras exported $63.7M in Processed Crustaceans. The main destinations of Honduras exports on Processed Crustaceans were United Kingdom ($26.5M), Germany ($10.2M), United States ($7.34M), Spain ($6.82M), and Hong Kong ($3.28M).

In 2022, Honduras imported $1.24M in Processed Crustaceans, mainly from China ($504k), United States ($434k), Guatemala ($186k), Nicaragua ($66k), and Colombia ($38.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United States$3.66M (99.7%)
Spain$2.76M (68.2%)
Macau$2.41M (147k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Honduras WERE (2021 - 2022):
Honduras-$6.44M (-100%)
Germany-$4.59M (-31.1%)
United Kingdom-$2.24M (-7.78%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
In 2022, Honduras's main importing competitors in Processed Crustaceans were:

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.16M
TOP IMPORT POTENTIALChina+ $203k

Processed Crustaceans’s highest export potential is United States. With an export gap of $7.16M.   Processed Crustaceans’s highest import potential is China with an import gap of $203k.

See methodology.

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