2022
Exports
$813kWorld Rnk 64 / 194
Flag Rnk 226 / 884
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$2.05MWorld Rnk 57 / 217
Flag Rnk 470 / 1113
2022
ECONOMIC COMPLEXITY of Honduras
-0.52Rnk 88 / 133

About

Exports In 2022, Honduras exported $813k in Wood Ornaments, making it the 64th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 226th most exported product in Honduras. The main destination of Wood Ornaments exports from Honduras are: Dominican Republic ($529k), United States ($192k), United Arab Emirates ($57k), Germany ($9.83k), and Australia ($7.25k).

The fastest growing export markets for Wood Ornaments of Honduras between 2021 and 2022 were Dominican Republic ($516k), United Arab Emirates ($57k), and United States ($10.2k).

Imports In 2022, Honduras imported $2.05M in Wood Ornaments, becoming the 57th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 470th most imported product in Honduras. Honduras imports Wood Ornaments primarily from: China ($1.8M), United States ($55.2k), Costa Rica ($48.6k), Guatemala ($38.6k), and Portugal ($37.9k).

The fastest growing import markets in Wood Ornaments for Honduras between 2021 and 2022 were China ($1.21M), United States ($43k), and Guatemala ($22.3k).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Wood Ornaments from Honduras to the United States.

Latest Trends

Jul 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 Wood Ornaments. 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)$813k
IMPORTS (2022)$2.05M
NET TRADE (2022)-$1.24M

In 2022, Honduras exported $813k in Wood Ornaments. The main destinations of Honduras exports on Wood Ornaments were Dominican Republic ($529k), United States ($192k), United Arab Emirates ($57k), Germany ($9.83k), and Australia ($7.25k).

In 2022, Honduras imported $2.05M in Wood Ornaments, mainly from China ($1.8M), United States ($55.2k), Costa Rica ($48.6k), Guatemala ($38.6k), and Portugal ($37.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Honduras WERE (2021 - 2022):
Dominican Republic$516k (3.86k%)
United States$10.2k (5.61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Honduras WERE (2021 - 2022):
Canada-$575 (-16.2%)
New Zealand-$572 (-100%)
Panama-$195 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Honduras's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Honduras's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $218k
TOP IMPORT POTENTIALChina+ $103k

Wood Ornaments’s highest export potential is United States. With an export gap of $218k.   Wood Ornaments’s highest import potential is China with an import gap of $103k.

See methodology.

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