2022
Exports
$2.82MWorld Rnk 71 / 194
Flag Rnk 158 / 884
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$1.49MWorld Rnk 118 / 223
Flag Rnk 524 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $2.82M in Spices, making it the 71st largest exporter of Spices in the world. At the same year, Spices was the 158th most exported product in Honduras. The main destination of Spices exports from Honduras are: United States ($1.98M), Guatemala ($273k), United Kingdom ($157k), Canada ($138k), and Nicaragua ($123k).

The fastest growing export markets for Spices of Honduras between 2021 and 2022 were United Kingdom ($157k), Nicaragua ($117k), and Guatemala ($117k).

Imports In 2022, Honduras imported $1.49M in Spices, becoming the 118th largest importer of Spices in the world. At the same year, Spices was the 524th most imported product in Honduras. Honduras imports Spices primarily from: United States ($1.24M), Guatemala ($159k), India ($71.7k), Peru ($12.7k), and El Salvador ($1.84k).

The fastest growing import markets in Spices for Honduras between 2021 and 2022 were United States ($103k), India ($22.4k), and Peru ($608).

COMPANIES In 2023, leading companies such as Halyard Health (7) were at the forefront of shipping Spices from Honduras to the United States.

Latest Trends

Sep 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 Spices. 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)$2.82M
IMPORTS (2022)$1.49M
NET TRADE (2022)$1.33M

In 2022, Honduras exported $2.82M in Spices. The main destinations of Honduras exports on Spices were United States ($1.98M), Guatemala ($273k), United Kingdom ($157k), Canada ($138k), and Nicaragua ($123k).

In 2022, Honduras imported $1.49M in Spices, mainly from United States ($1.24M), Guatemala ($159k), India ($71.7k), Peru ($12.7k), and El Salvador ($1.84k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
United Kingdom$157k (1%)
Nicaragua$117k (1.91k%)
Guatemala$117k (75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Honduras WERE (2021 - 2022):
United States-$650k (-24.7%)
Canada-$136k (-49.5%)
Austria-$79k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $895k
TOP IMPORT POTENTIALIndia+ $89.1k

Spices’s highest export potential is United States. With an export gap of $895k.   Spices’s highest import potential is India with an import gap of $89.1k.

See methodology.

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