Country intelligence · HND · 2024

Honduras trade profile

In 2024, Honduras recorded $10.5B in merchandise exports and $16.9B in imports, producing a $6.4B trade deficit. Exports changed -3.9% from the previous year, while imports changed +1.9%.[1]

Exports

$10.5B

-3.9%

Imports

$16.9B

+1.9%

Trade balance

-$6.4B

deficit

Active partners

270

42 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$10.5B$16.9B-$6.4B-3.9%
2023$10.9B$16.6B-$5.7B+2.9%
2022$10.6B$12.3B-$1.7B+10.7%
2021$9.6B$14.8B-$5.2B+27.9%
2020$7.5B$9.9B-$2.4B-4.2%
2019$7.8B$11.9B-$4.1B-4.5%
2018$8.2B$12.0B-$3.8B+0.3%
2017$8.2B$10.9B-$2.8B+7.6%
2016$7.6B$10.2B-$2.6B-1.3%
2015$7.7B$10.8B-$3.1B-2.6%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 61 · HS chapter

106 active HS6 lines · 125 export partners

$2.4B
2

HS 85 · Electrical machinery

258 active HS6 lines · 109 export partners

$1.5B
3

HS 09 · HS chapter

36 active HS6 lines · 95 export partners

$1.3B
4

HS 62 · HS chapter

112 active HS6 lines · 98 export partners

$529.0M
5

HS 15 · HS chapter

42 active HS6 lines · 26 export partners

$528.2M
6

HS 08 · HS chapter

65 active HS6 lines · 52 export partners

$413.9M
7

HS 03 · HS chapter

119 active HS6 lines · 33 export partners

$333.3M
8

HS 71 · Precious metals and stones

32 active HS6 lines · 24 export partners

$242.4M

Leading export markets

Destinations rank bilateral export flows from Honduras; growth describes each corridor rather than the whole economy.

1

United States

Annual change -2.0% · 3-year CAGR 1.7%

$5.0B
2

Nicaragua

Annual change -2.7% · 3-year CAGR 15.3%

$811.0M
3

Mexico

Annual change -5.8% · 3-year CAGR 15.3%

$787.8M
4

El Salvador

Annual change -5.7% · 3-year CAGR -1.4%

$611.1M
5

Guatemala

Annual change +10.2% · 3-year CAGR 1.8%

$607.0M
6

Canada

Annual change -4.0% · 3-year CAGR 5.3%

$389.5M
7

Germany

Annual change -21.8% · 3-year CAGR -5.6%

$299.2M
8

United Kingdom

Annual change +6.4% · 3-year CAGR 1.5%

$167.5M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.