2022
Exports
$244kWorld Rnk 171 / 214
Flag Rnk 315 / 884
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$2.19BWorld Rnk 82 / 225
Flag Rnk 1 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $244k in Refined Petroleum, making it the 171st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 315th most exported product in Honduras. The main destination of Refined Petroleum exports from Honduras are: Guatemala ($218k), Nicaragua ($15.1k), Germany ($4.02k), Costa Rica ($2.33k), and Canada ($1.84k).

The fastest growing export markets for Refined Petroleum of Honduras between 2021 and 2022 were Canada ($914), Germany ($265), and Spain ($50).

Imports In 2022, Honduras imported $2.19B in Refined Petroleum, becoming the 82nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Honduras. Honduras imports Refined Petroleum primarily from: United States ($2.11B), United Kingdom ($28.2M), El Salvador ($14M), Guatemala ($10.3M), and Nicaragua ($7.73M).

The fastest growing import markets in Refined Petroleum for Honduras between 2021 and 2022 were United States ($729M), United Kingdom ($27.6M), and Nicaragua ($6.99M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (3.01k) and Halyard Health (28) were at the forefront of shipping Refined Petroleum from Honduras to the United States.

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 Refined Petroleum. 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)$244k
IMPORTS (2022)$2.19B
NET TRADE (2022)-$2.19B

In 2022, Honduras exported $244k in Refined Petroleum. The main destinations of Honduras exports on Refined Petroleum were Guatemala ($218k), Nicaragua ($15.1k), Germany ($4.02k), Costa Rica ($2.33k), and Canada ($1.84k).

In 2022, Honduras imported $2.19B in Refined Petroleum, mainly from United States ($2.11B), United Kingdom ($28.2M), El Salvador ($14M), Guatemala ($10.3M), and Nicaragua ($7.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Canada$914 (98.5%)
Germany$265 (7.05%)
Spain$50 (18%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Honduras WERE (2021 - 2022):
Guatemala-$266k (-55%)
El Salvador-$106k (-99.1%)
Costa Rica-$31.3k (-93.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Refined Petroleum were:
In 2022, Honduras's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $292k
TOP IMPORT POTENTIALUnited Kingdom+ $17.6M

Refined Petroleum’s highest export potential is Guatemala. With an export gap of $292k.   Refined Petroleum’s highest import potential is United Kingdom with an import gap of $17.6M.

See methodology.

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