Honduras Top 10 Imports

Roatan, Honduras landscape shot

Roatan, Honduras

Honduras imported US$7.9 billion worth of goods from around the globe in 2016, up by 33.7% since 2009 but down by -5.6% from 2015 to 2016.

Honduras top 10 imports accounted for nearly three-fifths (59.7%) of the overall value of its product purchases from other countries.

Honduran imports represent a tiny 0.05% sliver of total global imports which totaled $16.473 trillion one year earlier in 2015.

From a continental perspective, $3.4 billion or 43.2% of total Honduran imports by value in 2016 were purchased from North American countries. Asian trade partners supplied 23.7% of import sales to Honduras while 25.3% worth of goods originated from Latin America (excluding Mexico) and Caribbean nations. At 7.5%, a smaller percentage came from European nations.

Given Honduras ‘s population of 8.9 million people, its total $7.9 billion in 2016 imports translates to roughly $900 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 2016. Also shown is the percentage share each product category represents in terms of overall imports into Honduras.

  1. Mineral fuels including oil: US$1.1 billion (14% of total imports)
  2. Electrical machinery, equipment: $644.7 million (8.1%)
  3. Vehicles : $579.1 million (7.3%)
  4. Machinery including computers: $560 million (7.1%)
  5. Pharmaceuticals: $458 million (5.8%)
  6. Plastics, plastic articles: $383.9 million (4.8%)
  7. Paper, paper items: $267.4 million (3.4%)
  8. Iron, steel: $247.2 million (3.12%)
  9. Cereals: $241.8 million (3.05%)
  10. Miscellaneous food preparations: $235.3 million (3%)

Miscellaneous food preparations had the fastest-growth in value among the top 10 import categories, up 69% for the 7-year period starting in 2009.

In second place for improving import sales were vehicles, up 51.8%. Trailing vehicles were Honduran imports of plastics delivering the third-fastest gain up 43.6%.

One category declined in value, namely mineral fuels including oil which depreciated -3.7% over the 7-year period.

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

Honduran importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Processed petroleum oils: US$1.1 billion (down -2.9%)
  2. Petroleum gases: $29.5 million (down -26.5%)
  3. Petroleum oil residues: $13.4 million (up 3%)
  4. Coal, solid fuels made from coal: $1.6 million (up 14,182%)
  5. Petroleum jelly, mineral waxes: $1.4 million (down -27.2%)
  6. Asphalt/petroleum bitumen mixes: $1.3 million (up 421.7%)
  7. Peat: $430,000 (up 200.7%)
  8. Natural bitumen, asphalt, shale: $328,000 (down -88%)
  9. Coal tar oils (high temperature distillation): $144,000 (up 182.4%)
  10. Coke, semi-coke: $19,000 (down -69%)

Among these import subcategories, Honduras purchases of coal or solid fuels made from coal (up 14,182%), asphalt or petroleum bitumen mixes (up 421.7%) and peat (up 200.7%) grew at the fastest pace from 2009 to 2016.

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

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

  1. Phone system devices including smartphones: US$185.6 million (up 13%)
  2. TV receivers/monitors/projectors: $72.3 million (up 41.3%)
  3. Insulated wire/cable: $45.8 million (up 39.1%)
  4. Electric motors, generators: $31.6 million (up 197.1%)
  5. Solar power diodes/semi-conductors: $30.3 million (up 2,439%)
  6. Electrical converters/power units: $30.1 million (up 86.9%)
  7. Electric storage batteries: $28.6 million (up 78.8%)
  8. Unrecorded sound media: $28.1 million (up 8.4%)
  9. Electric water heaters, hair dryers: $23.7 million (up 50.8%)
  10. Lower-voltage switches, fuses: $21.4 million (up 64.9%)

Among these import subcategories, Honduras purchases of solar power diodes or semi-conductors (up 2,439%), electric motors and generators (up 197.1%) and electrical converters or power units (up 86.9%) grew at the fastest pace from 2009 to 2016.

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.

Vehicles

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

  1. Trucks: US$182.9 million (up 29.7%)
  2. Cars: $176.8 million (up 56.4%)
  3. Motorcycles: $74.3 million (up 197.7%)
  4. Automobile parts/accessories: $60.3 million (up 75.7%)
  5. Public-transport vehicles: $30.5 million (up 21.4%)
  6. Tractors: $14.5 million (down -21.7%)
  7. Trailers: $12.5 million (up 73.2%)
  8. Motorcycle parts/accessories: $8.4 million (up 68%)
  9. Special purpose vehicles: $7.2 million (up 211.3%)
  10. Bicycles, other non-motorized cycles: $6.4 million (up 18.1%)

Among these import subcategories, Honduras purchases of special purpose vehicles (up 211.3%), motorcycles (up 197.7%) and automobile parts or accessories (up 75.7%) grew at the fastest pace from 2009 to 2016.

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.

Machinery

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

  1. Computers, optical readers: US$65.3 million (down -10.2%)
  2. Refrigerators, freezers: $62.6 million (up 32.8%)
  3. Air or vacuum pumps: $29.4 million (up 116.1%)
  4. Printing machinery: $29.2 million (up 89.7%)
  5. Heavy machinery (bulldozers, excavators, road rollers): $28.7 million (up 34.8%)
  6. Air conditioners: $27.3 million (up 228.3%)
  7. Piston engine parts: $25.3 million (down -41.9%)
  8. Centrifuges, filters and purifiers: $23 million (up 31.7%)
  9. Liquid pumps and elevators: $22.4 million (up 68.4%)
  10. Taps, valves, similar appliances: $20.6 million (up 104.6%)

Among these import subcategories, Honduras purchases of air conditioners (up 228.3%), air or vacuum pumps (up 116.1%) and taps, valves or similar appliances (up 104.6%) grew at the fastest pace from 2009 to 2016.

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.



 
See also Honduras Top 10 Exports, Crude Oil 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 April 7, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on April 7, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 7, 2017