Honduras Top 10 Imports

Roatan, Honduras landscape shot

Roatan, Honduras

Honduran imports amounted to US$8.4 billion in 2015, down -1.8% since 2011 but up 5% year over year from 2014 to 2015. Honduras top 10 imports accounted for over three-fifths (61.9%) of the overall value of its product purchases from other countries.

Honduran imports represent a tiny 0.1% sliver of total global imports which totaled $16.496 trillion in 2015.

From a continental perspective, $3.6 billion or 42.8% of Honduras total imports by value in 2015 were purchased from North American countries. Asian trade partners supplied 24.7% of import sales to Honduras while 24% worth of goods originated from Latin America (excluding Mexico) and Caribbean nations. At 7%, a smaller percentage came from European Union members.

Given Honduras ‘s population of 8.7 million people, its total $8.4 billion in 2015 imports translates to roughly $960 in yearly product demand from every person in the country.

Honduras Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Honduras import purchases during 2015. Also shown is the percentage share each product category represents in terms of overall imports into Honduras.

  1. Oil: US$1.3 billion (15.7% of total Honduran imports)
  2. Electronic equipment: $1.1 billion (12.7%)
  3. Machines, engines, pumps: $545.3 million (6.5%)
  4. Vehicles: $492.2 million (5.9%)
  5. Pharmaceuticals: $405.6 million (4.8%)
  6. Plastics: $377.4 million (4.5%)
  7. Paper: $279.8 million (3.3%)
  8. Iron and steel: $240.7 million (2.9%)
  9. Cereals: $233.5 million (2.8%)
  10. Other food preparations: $230.2 million (2.7%)

Imported electronic equipment had the fastest-growing increase in value among the top 10 import categories, up 89.5% for the 5-year period starting in 2011.

In second place for improving import sales were miscellaneous food preparations, up 20.5%. Close behind were Honduran imports of vehicles delivering the third-fastest gain at 5%.

Fossil fuel-related products was the laggard among the top 10 Honduran imports, posting a -37.3% decline.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Fuel

In 2015, Honduran importers spent the most on the following 10 subcategories of fossil fuel-related products:

  1. Processed petroleum oils: US$1.3 billion (down -35.4%)
  2. Petroleum oil residues: $16.3 million (down -48.8%)
  3. Petroleum gases: $16.2 million (down -78.1%)
  4. Coal, solid fuels made from coal: $1.8 million (down -70.7%)
  5. Petroleum jelly, mineral waxes: $1.6 million (down -39.6%)
  6. Natural bitumen, asphalt, shale: $451,000 (down -84.7%)
  7. Peat: $398,000 (up 188.4%)
  8. Asphalt/petroleum bitumen mixes: $189,000 (down -12.1%)
  9. High temperature distilled coal tar oils: $167,000 (up 247.9%)
  10. Crude oil: $38,000 (up 776.9%)

Among imports, Honduran purchases of crude oil (up 776.9%), high temperature distilled coal tar oils (up 247.9%) and peat (up 188.4%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported fossil fuel-related products among Honduran businesses and consumers.

Electronics

In 2015, Honduran importers spent the most on the following 10 subcategories of electronic equipment including smartphones:

  1. Solar power diodes/semi-conductors: US$278.7 million (up 11,274%)
  2. Phone system devices: $200.4 million (up 31.9%)
  3. Electrical converters/power units: $98.4 million (up 160.4%)
  4. Electric motors, generators: $69.7 million (up 331.1%)
  5. TV receivers/monitors/projectors: $64.5 million (up 3.4%)
  6. Insulated wire/cable: $62.9 million (up 5.7%)
  7. Unrecorded sound media: $25.8 million (down -2.3%)
  8. Electric storage batteries: $25.1 million (up 10.9%)
  9. Electric water heaters, hair dryers: $23.3 million (up 5.1%)
  10. Electric generating sets, converters: $22.9 million (up 31.7%)

Among imports, Honduran purchases of solar power diodes/semi-conductors (up 11,274%), electric motors and generators (up 331.1%) and electrical converters/power units (up 160.4%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Honduran businesses and consumers.

Machinery

In 2015, Honduran importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$72.5 million (down -28.7%)
  2. Refrigerators, freezers: $59 million (up 15.9%)
  3. Heavy machinery (bulldozers, excavators, road rollers): $34.2 million (up 81.4%)
  4. Printing machinery: $24.3 million (up 11.9%)
  5. Piston engine parts: $23.7 million (down -32.2%)
  6. Air or vacuum pumps: $23.1 million (up 26.5%)
  7. Liquid pumps and elevators: $22.7 million (up 32.9%)
  8. Air conditioners: $21.1 million (up 17.1%)
  9. Centrifuges, filters and purifiers: $20.7 million (up 7.1%)
  10. Taps, valves, similar appliances: $18.3 million (up 8.7%)

Among imports, Honduran purchases of heavy machinery like bulldozers and excavators (up 81.4%), liquid pumps and elevators (up 32.9%) and air or vacuum pumps (up 26.5%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Honduran businesses and consumers.

Vehicles

In 2015, Honduran importers spent the most on the following 10 subcategories of vehicle-related products:

  1. Trucks: US$156.7 million (down -5.3%)
  2. Cars: $142.4 million (up 11.4%)
  3. Motorcycles: $58.3 million (up 19.4%)
  4. Automobile parts/accessories: $54.2 million (up 18.4%)
  5. Public-transport vehicles: $22.5 million (down -36%)
  6. Tractors: $18.7 million (up 25.1%)
  7. Trailers: $12.2 million (up 26.9%)
  8. Motorcycle parts/accessories: $9 million (up 28.4%)
  9. Bicycles, other non-motorized cycles: $7 million (down -8.5%)
  10. Special purpose vehicles: $5.5 million (up 98.2%)

Among imports, Honduran purchases of special purpose vehicles (up 98.2%), motorcycle parts/accessories (up 28.4%) and trailers (up 26.9%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Honduran businesses and consumers.



 
See also Honduras Top 10 Exports, Crude Imports by Country and Bananas Imports by Country

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on July 18, 2016

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on July 18, 2016

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on July 18, 2016