2022
Exports
$53.9MWorld Rnk 51 / 171
Flag Rnk 33 / 884
2022
PRODUCT COMPLEXITY IN Raw Sugar
-1.78Rnk 979 / 1025
2022
Imports
$272kWorld Rnk 199 / 224
Flag Rnk 769 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $53.9M in Raw Sugar, making it the 51st largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 33rd most exported product in Honduras. The main destination of Raw Sugar exports from Honduras are: United States ($23.3M), South Korea ($11.1M), Bulgaria ($7.64M), Peru ($4.43M), and United Kingdom ($2.75M).

The fastest growing export markets for Raw Sugar of Honduras between 2021 and 2022 were South Korea ($11.1M), United States ($8.1M), and Bulgaria ($7.64M).

Imports In 2022, Honduras imported $272k in Raw Sugar, becoming the 199th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 769th most imported product in Honduras. Honduras imports Raw Sugar primarily from: United States ($263k), El Salvador ($8.71k), and Guatemala ($831).

The fastest growing import markets in Raw Sugar for Honduras between 2021 and 2022 were El Salvador ($8.71k) and Guatemala ($500).

Latest Trends

Aug 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 Raw Sugar. 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)$53.9M
IMPORTS (2022)$272k
NET TRADE (2022)$53.6M

In 2022, Honduras exported $53.9M in Raw Sugar. The main destinations of Honduras exports on Raw Sugar were United States ($23.3M), South Korea ($11.1M), Bulgaria ($7.64M), Peru ($4.43M), and United Kingdom ($2.75M).

In 2022, Honduras imported $272k in Raw Sugar, mainly from United States ($263k), El Salvador ($8.71k), and Guatemala ($831).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
South Korea$11.1M (1%)
United States$8.1M (53.3%)
Bulgaria$7.64M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Honduras WERE (2021 - 2022):
Haiti-$14.5M (-100%)
Spain-$8.3M (-100%)
United Kingdom-$2.62M (-48.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
In 2022, Honduras's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.84M
TOP IMPORT POTENTIALEl Salvador+ $26.9k

Raw Sugar’s highest export potential is United States. With an export gap of $8.84M.   Raw Sugar’s highest import potential is El Salvador with an import gap of $26.9k.

See methodology.

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