Honduras Top 10 Imports

Roatan, Honduras landscape shot

Roatan, Honduras

Honduras imported an estimated US$10.3 billion worth of goods from around the globe in 2018, up by 29.5% since 2014 and up by 20% from 2017 to 2018.

Honduran imports represent a tiny 0.06% sliver of total global imports which totaled $17.788 trillion one year earlier in 2017 (as calculated at January 21, 2019).

From a continental perspective and based on 2017 data, 42.7% of total Honduran imports by value were purchased from North American countries. Trade partners in Latin America excluding Mexico but including the Caribbean supplied 25% of import purchases from the Honduras while 23.8% worth of goods originated from providers in Asia. Smaller percentage came from Europe (7.5%), Africa (0.1%) and Oceania (also 0.1%) led by Australia and New Zealand.

Given the Honduran population of 9.2 million people, its total $10.3 billion in 2018 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 2018. Also shown is the percentage share each product category represents in terms of overall imports into Honduras.

  1. Mineral fuels including oil: US$1.5 billion (14.2% of total imports)
  2. Electrical machinery, equipment: $978.7 million (9.5%)
  3. Machinery including computers: $773.4 million (7.5%)
  4. Cotton: $724.6 million (7%)
  5. Manmade staple fibers: $537.1 million (5.2%)
  6. Vehicles: $503.4 million (4.9%)
  7. Plastics, plastic articles: $458.7 million (4.4%)
  8. Paper, paper items: $333.8 million (3.2%)
  9. Iron, steel: $285.8 million (2.8%)
  10. Knit or crochet clothing, accessories: $255.9 million (2.5%)

Honduras top 10 imports generated over three-fifths (61.1%) of the overall value of its product purchases from other countries.

Purchases of cotton by the Honduras demonstrated the fastest-growth in value among the top 10 import categories, up by 6,288% from 2017 to 2018.

In second place for expanding Honduran import purchases were manmade staple fibers thanks to a 5,827% increase. Imports of knitted or crocheted clothing and accessories delivered the third-fastest gain up 444.8% year over year.

Two product categories experienced decline in Honduran import purchases, namely vehicles (down -19.7%) and iron or steel (down -18.8%).

At the more detailed 4-digit Harmonized Tariff System code level, the costliest imports for Honduras are: processed petroleum oils (11.7% of total), yarn made from at least 85% cotton (5.9%), synthetic staple fibers excluding sewing thread and yarn (4.1%), phone system devices including smartphones (2.2%), insulated wire or cable (also 2.2%), petroleum gases (1.9%) then lower-voltage switches and fuses (1.7%).

Fuel

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

  1. Processed petroleum oils: US$1.2 billion (down -0.3% from 2017)
  2. Petroleum gases: $192.1 million (up 409.3%)
  3. Petroleum oil residues: $49.4 million (up 40.6%)
  4. Coal, solid fuels made from coal: $14 million (no 2014 data)
  5. Natural bitumen, asphalt, shale: $2 million (up 200,700%)
  6. Petroleum jelly, mineral waxes: $886,000 (down -32.3%)
  7. Asphalt/petroleum bitumen mixes: $666,000 (down -48.3%)
  8. Peat: $317,000 (down -55.2%)
  9. Coal tar oils (high temperature distillation): $297,000 (up 55.5%)
  10. Coke, semi-coke: $13,000 (down -80.6%)

Among these import subcategories, Honduran purchases of natural bitumen, asphalt and shale (up 200,700%), petroleum gases (up 409.3%) then high temperature distilled tar oils (up 55.5%) grew at the fastest pace from 2017 to 2018.

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$226.4 million (up 19.9% from 2017)
  2. Insulated wire/cable: $224.9 million (up 250.1%)
  3. Lower-voltage switches, fuses: $177.6 million (up 677.6%)
  4. TV receivers/monitors/projectors: $55 million (down -14.8%)
  5. Electric circuit parts, fuses, switches: $31.6 million (up 610.9%)
  6. Electrical converters/power units: $30.9 million (down -24.9%)
  7. Electric storage batteries: $30.6 million (down -1.4%)
  8. Solar power diodes/semi-conductors: $27.3 million (down -37.4%)
  9. Electric water heaters, hair dryers: $21.7 million (down -17.6%)
  10. Unrecorded sound media: $17.4 million (down -35.3%)

Among these import subcategories, Honduran purchases of lower-voltage switches and fuses (up 677.6%), electric circuit parts, fuses and switches (up 610.9%) then insulated wire or cable (up 250.1%) grew at the fastest pace from 2017 to 2018.

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

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

  1. Computers, optical readers: US$55.2 million (down -15.8% from 2017)
  2. Yarn wash/clean/iron machines: $50.6 million (up 3,810%)
  3. Refrigerators, freezers: $45.5 million (down -25.6%)
  4. Miscellaneous machinery: $31 million (up 325%)
  5. Sewing machines, related furniture: $29.5 million (up 1,846%)
  6. Centrifuges, filters and purifiers: $28.6 million (up 20.3%)
  7. Heavy machinery (bulldozers, excavators, road rollers): $27.2 million (down -5.2%)
  8. Textile materials-cutting machines: $24.7 million (up 1,233,850%)
  9. Air conditioners: $24.1 million (down -9.7%)
  10. Air or vacuum pumps: $21.6 million (down -17.5%)

Among these import subcategories, Honduran purchases of textile materials-cutting machines (up 1,233,850%), yarn washing, cleaning and ironing machines (up 3,810%) then sewing machines and related furniture (up 1,846%) grew at the fastest pace from 2017 to 2018.

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.

Cotton

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

  1. Yarn (85%+ cotton): US$612.6 million (up 263,931% from 2017)
  2. Yarn (under 85% cotton): $51.3 million (up 2,437%)
  3. Woven fabrics (85%+ cotton): $26.8 million (up 486%)
  4. Cotton (uncarded, uncombed): $9.8 million (up 139,743%)
  5. Woven cotton fabrics: $9.2 million (up 1,303%)
  6. Woven fabrics (under 85% cotton): $5.5 million (up 196.8%)
  7. Cotton (carded, combed): $5.2 million (up 36,743%)
  8. Woven fabrics (mixed): $2.7 million (up 75.1%)
  9. Cotton waste: $1 million (up 12,563%)
  10. Cotton sewing thread: $250,000 (up 129.4%)

Among these import subcategories, Honduran purchases of yarn made from at least 85% cotton (up 263,931%), raw cotton (up 139,743%) then carded or combed cotton (up 36,743%) grew at the fastest pace from 2017 to 2018.

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 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 July 9, 2019

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

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on July 9, 2019