Honduras Top 10 Imports

Roatan, Honduras landscape shot

Roatan, Honduras

Honduras imported US$10.3 billion worth of goods from around the globe in 2017, up by 19.5% since 2013 and up by 29.9% from 2016 to 2017.

Honduran imports represent a tiny 0.06% sliver of total global imports which totaled $16.054 trillion one year earlier in 2016.

From a continental perspective, 41% of total Honduran imports by value in 2017 were purchased from North American countries. Trade partners in Latin America excluding Mexico but including the Caribbean supplied 24% of import purchases from the Honduras while 22.4% worth of goods originated from providers in Asia. At 7.1%, a smaller percentage came from European nations.

Given the Honduran population of 9 million people, its total $10.3 billion in 2017 imports translates to roughly $1,100 in yearly product demand from every person in the Central American country.

Honduras Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Honduras import purchases during 2017. Also shown is the percentage share each product category represents in terms of overall imports into Honduras. At the more detailed Harmonized Tariff System code level, the number one product imported into Honduras is refined petroleum oils followed by drugs and medicines used for prophylactic or therapeutic purposes then mobile phones.

  1. Mineral fuels including oil: US$1.2 billion (11.4% of total imports)
  2. Electrical machinery, equipment: $966.6 million (9.4%)
  3. Cotton: $768.9 million (7.5%)
  4. Machinery including computers: $691.9 million (6.7%)
  5. Vehicles: $506.4 million (4.9%)
  6. Plastics, plastic articles: $506.0 million (4.9%)
  7. Manmade staple fibers: $445.0 million (4.3%)
  8. Paper, paper items: $320.6 million (3.1%)
  9. Iron, steel: $319.7 million (3.1%)
  10. Knit or crochet fabric: $287.2 million (2.8%)

Honduras top 10 imports generated nearly three-fifths (58.2%) of the overall value of its product purchases from other countries.

Purchases of cotton by the Honduras represent the fastest-growth in value among the top 10 import categories, up 7,945% from 2016 to 2017.

In second place for expanding Honduran import purchases were knit or crochet fabric used for its thriving apparel industries, up 7,804%. Imports of manmade staple fibers delivered the third-fastest gain up 4,025%.

One product category experienced a decline in import purchases, namely vehicles via a -12.5% decrease in value year over year.

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$918 million (down -13.4% from 2016)
  2. Petroleum gases: $191 million (up 547.6%)
  3. Petroleum oil residues: $33.3 million (up 149.1%)
  4. Electrical energy: $15.7 million (no 2016 data)
  5. Coal, solid fuels made from coal: $7.9 million (up 401.3%)
  6. Natural bitumen, asphalt, shale: $3 million (up 822.6%)
  7. Petroleum jelly, mineral waxes: $1.2 million (down -15.8%)
  8. Asphalt/petroleum bitumen mixes: $1.1 million (down -19.6%)
  9. Peat: $539,000 (up 25.3%)
  10. Coal tar oils (high temperature distillation): $371,000 (up 157.6%)

Among these import subcategories, Honduran purchases of natural bitumen, asphalt and shale (up 822.6%), petroleum gases (up 547.6%) and coal including solid fuels made from coal: (up 401.3%) grew at the fastest pace from 2016 to 2017.

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$207.1 million (up 11.6% from 2016)
  2. Lower-voltage switches, fuses: $185.9 million (up 767.6%)
  3. Insulated wire/cable: $183.8 million (up 301.2%)
  4. Electrical converters/power units: $43.4 million (up 44.2%)
  5. Solar power diodes/semi-conductors: $42.6 million (up 40.6%)
  6. TV receivers/monitors/projectors: $40.3 million (down -44.3%)
  7. Electric storage batteries: $27.6 million (down -3.6%)
  8. Electric generating sets, converters: $25.7 million (up 101.1%)
  9. Electric water heaters, hair dryers: $24 million (up 1.1%)
  10. Electric circuit parts, fuses, switches: $21.2 million (up 176.5%)

Among these import subcategories, Honduran purchases of lower-voltage switches and fuses (up 767.6%), insulated wire or cable (up 301.2%) and electric circuit parts, fuses and switches (up 176.5%) grew at the fastest pace from 2016 to 2017.

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.

Cotton

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

  1. Yarn (85%+ cotton): US$643.9 million (up 309,444% from 2016)
  2. Yarn (under 85% cotton): $73 million (up 12,709%)
  3. Woven fabrics (85%+ cotton): $24.3 million (up 403.3%)
  4. Woven cotton fabrics: $7.6 million (up 1,132%)
  5. Cotton (uncarded, uncombed): $5.8 million (up 577,800%)
  6. Woven fabrics (under 85% cotton): $5.2 million (up 182.8%)
  7. Yarn (not sewing thread) for retail sale: $3.6 million (up 4,386%)
  8. Cotton (carded, combed): $3 million (up 3,378%)
  9. Woven fabrics (mixed): $1.6 million (up 78.3%)
  10. Cotton waste: $732,000 (up 1,120%)

Among these import subcategories, Honduran purchases of uncarded and uncombed cotton (up 577,800%), 85%+ cotton yarn (up 309,444%) and under 85% cotton yarn (up 12,709%) grew at the fastest pace from 2016 to 2017.

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$62.3 million (down -4.7% from 2016)
  2. Refrigerators, freezers: $51.4 million (down -17.8%)
  3. Air conditioners: $30.2 million (up 10.5%)
  4. Yarn wash/clean/iron machines: $29.4 million (up 1,531%)
  5. Heavy machinery (bulldozers, excavators, road rollers): $27.2 million (down -5.2%)
  6. Printing machinery: $26.1 million (down -10.7%)
  7. Miscellaneous machinery: $24.2 million (up 260.4%)
  8. Piston engine parts: $23 million (down -8.9%)
  9. Air or vacuum pumps: $21.6 million (down -26.7%)
  10. Centrifuges, filters and purifiers: $20.9 million (down -9.4%)

Honduran purchases of yarn wash/clean/iron machines (up 1,531%), miscellaneous machinery (up 260.4%) and air conditioners (up 10.5%) were the only top import categories to grow from 2016 to 2017.

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 June 22, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on June 22, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on June 22, 2018