2022
Exports
$85World Rnk 129 / 135
Flag Rnk 844 / 884
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$13.4MWorld Rnk 82 / 215
Flag Rnk 192 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $85 in Soybean Oil, making it the 129th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 844th most exported product in Honduras. The main destination of Soybean Oil exports from Honduras are: Guatemala ($72) and Costa Rica ($13).

The fastest growing export markets for Soybean Oil of Honduras between 2021 and 2022 were Costa Rica ($13).

Imports In 2022, Honduras imported $13.4M in Soybean Oil, becoming the 82nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 192nd most imported product in Honduras. Honduras imports Soybean Oil primarily from: United States ($9.38M), Costa Rica ($1.09M), Guatemala ($910k), El Salvador ($644k), and Nicaragua ($629k).

The fastest growing import markets in Soybean Oil for Honduras between 2021 and 2022 were United States ($2.67M), Guatemala ($597k), and Costa Rica ($379k).

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 Soybean Oil. 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)$85
IMPORTS (2022)$13.4M
NET TRADE (2022)-$13.4M

In 2022, Honduras exported $85 in Soybean Oil. The main destinations of Honduras exports on Soybean Oil were Guatemala ($72) and Costa Rica ($13).

In 2022, Honduras imported $13.4M in Soybean Oil, mainly from United States ($9.38M), Costa Rica ($1.09M), Guatemala ($910k), El Salvador ($644k), and Nicaragua ($629k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Honduras WERE (2021 - 2022):Costa Rica$13 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Honduras WERE (2021 - 2022):
Guatemala-$55 (-43.3%)
United States-$12 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Soybean Oil were:
In 2022, Honduras's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $696
TOP IMPORT POTENTIALGuatemala+ $304k

Soybean Oil’s highest export potential is India. With an export gap of $696.   Soybean Oil’s highest import potential is Guatemala with an import gap of $304k.

See methodology.

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