2023
Exports
$592kWorld Rnk 84 / 121
Flag Rnk 301 / 960
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$213MWorld Rnk 39 / 175
Flag Rnk 12 / 1130
2023
ECONOMIC COMPLEXITY of Honduras
-0.53Rnk 88 / 132

About

Exports In 2023, Honduras exported $592k in Soybean Meal, making it the 84th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 301st most exported product in Honduras. The main destination of Soybean Meal exports from Honduras are: El Salvador ($221k), Nicaragua ($194k), Guatemala ($175k), Finland ($1.02k), and United States ($430).

The fastest growing export markets for Soybean Meal of Honduras between 2022 and 2023 were El Salvador ($221k), Nicaragua ($194k), and Guatemala ($104k).

Imports In 2023, Honduras imported $213M in Soybean Meal, becoming the 39th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 12th most imported product in Honduras. Honduras imports Soybean Meal primarily from: United States ($213M), Brazil ($329k), and Mexico ($460).

The fastest growing import markets in Soybean Meal for Honduras between 2022 and 2023 were United States ($35.7M) and Mexico ($460).

Latest Trends

Jan 2025

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 Soybean Meal. 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)$592k
IMPORTS (2023)$213M
NET TRADE (2023)-$213M

In 2023, Honduras exported $592k in Soybean Meal. The main destinations of Honduras exports on Soybean Meal were El Salvador ($221k), Nicaragua ($194k), Guatemala ($175k), Finland ($1.02k), and United States ($430).

In 2023, Honduras imported $213M in Soybean Meal, mainly from United States ($213M), Brazil ($329k), and Mexico ($460).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Honduras WERE (2022 - 2023):
El Salvador$221k (1%)
Nicaragua$194k (1%)
Guatemala$104k (146%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Honduras WERE (2022 - 2023):Oman-$6.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Honduras's main exporting competitors in Soybean Meal were:
In 2023, Honduras's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $161k
TOP IMPORT POTENTIALBrazil+ $1.34M

Soybean Meal’s highest export potential is Guatemala. With an export gap of $161k.   Soybean Meal’s highest import potential is Brazil with an import gap of $1.34M.

See methodology.

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