Trade Trend

In 2023, Honduras's total export value is 12.35Billion USD, total import value is 16.31Billion USD, Deficit is -3.96Billion USD, and foreign trade dependency is 0.833. In 2023，Honduras's top export products are Tshirts, singlets and other vests; knitted or crocheted(1.66Billion USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(1.64Billion USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(1.37Billion USD), top export destinations are United States(5.84Billion USD), Nicaragua(1.00Billion USD), Mexico(866.16Million USD). In 2023, Honduras's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.67Billion USD), Commodities not specified according to kind(719.77Million USD), Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale(622.68Million USD), top import origins are United States(6.79Billion USD), China(1.83Billion USD), Guatemala(1.63Billion USD).

Comparing to 2022, Honduras's total export value decreased -1.04Billion USD(-7.76%) in 2023, this could result from its export decreases of products such as Tshirts, singlets and other vests; knitted or crocheted(-416.58Million USD or -20.02%), Jerseys, pullovers, cardigans, waistcoats and similar articles; knitted or crocheted(-348.69Million USD or -22.16%), Petroleum gases and other gaseous hydrocarbons(-154.32Million USD or -99.94%) and export decreases to countries/economics such as United States(-526.68Million USD or -8.27%), Guatemala(-274.60Million USD or -31.71%), El Salvador(-171.67Million USD or -17.88%). Comparing to 2022, Honduras's total import value decreased -874.86Million USD(-5.09%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-373.49Million USD or -18.27%), Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale(-288.28Million USD or -31.65%), Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale(-201.02Million USD or -35.25%), and its import decreases from countries/economies such as United States(-1.17Billion USD or -14.69%), Nicaragua(-172.02Million USD or -31.83%), El Salvador(-125.57Million USD or -10.60%).

Cumulated to first 7 months of 2024, Honduras's total export value is 4.31Billion USD, total import value is 6.09Billion USD, and tradedeficit is -1.78Billion USD. Cumulated to first 7 months of 2024, Honduras's top export products are Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(583.30Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(512.09Million USD), Tshirts, singlets and other vests; knitted or crocheted(448.14Million USD), and top export destinations are United States(2.47Billion USD), El Salvador(320.65Million USD), Guatemala(280.76Million USD). Cumulated to first 7 months of 2024, Honduras's top import products are Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(583.30Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(512.09Million USD), Tshirts, singlets and other vests; knitted or crocheted(448.14Million USD), and top import origins areUnited States(2.96Billion USD), China(696.45Million USD), Guatemala(526.61Million USD).