# Honduras to Italy HS 180400 new corridor signal

This page reviews a reported new-corridor signal for cocoa: butter, fat and oil. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 100/100
- Reported period: 2024
- Buyer market imports: $617.0M
- Buyer market growth: +119.5%
- Current exporter share: 0.0%
- Share gap: 35.3%

## What the signal means

The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access. Compare demand, suppliers, access, and route history together before acting.

## Market opportunity

- Latest buyer imports: $617.0M
- Three-year buyer-import projection: $809.0M
- Supplier countries observed: 34
- Average buyer imports: $139.1M
- Historical buyer-import peak: $617.0M
- Full-history buyer-import CAGR: +9.5%
- Latest buyer-import annual change: +119.5%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 35.3%
- Market concentration: 2,302
- Exporter share: 0.0%
- Share gap to peer benchmark: 35.3%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,759 km
- Trade agreement: Reported yes
- Business entry time: 11 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $35.6K
- GDP per-person growth: -5.4%
- Population: 59,066k
- GDP: $2.1T
- GDP five-year CAGR: Not reported
- Investment rate: 21.3%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $160.1K | +0.0% |

## Broader route context

Broader Honduras to Italy route exports provide route context only; they are not presented as HS 180400 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $23.4M | +0.0% |
| 1996 | $27.9M | +19.5% |
| 1997 | $37.9M | +36.0% |
| 1998 | $24.8M | -34.6% |
| 1999 | $17.8M | -28.3% |
| 2000 | $18.1M | +1.7% |
| 2001 | $17.1M | -5.3% |
| 2002 | $11.9M | -30.6% |
| 2003 | $9.3M | -22.2% |
| 2004 | $20.7M | +123.4% |
| 2005 | $27.3M | +31.9% |
| 2006 | $19.1M | -29.8% |
| 2007 | $22.7M | +18.9% |
| 2008 | $22.0M | -3.2% |
| 2009 | $33.2M | +51.0% |
| 2010 | $48.6M | +46.1% |
| 2011 | $70.1M | +44.3% |
| 2012 | $82.3M | +17.4% |
| 2013 | $31.4M | -61.8% |
| 2014 | $45.3M | +44.0% |
| 2015 | $67.1M | +48.2% |
| 2016 | $63.0M | -6.1% |
| 2017 | $79.8M | +26.7% |
| 2018 | $67.0M | -16.1% |
| 2019 | $66.6M | -0.6% |
| 2020 | $108.4M | +62.8% |
| 2021 | $99.9M | -7.8% |
| 2022 | $198.9M | +99.1% |
| 2023 | $154.5M | -22.4% |
| 2024 | $154.1M | -0.3% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Honduras to KOR | HS 854231 | New corridor | $22.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-kor-854231) |
| Honduras to USA, Puerto Rico and US Virgin Islands | HS 870380 | New corridor | $22.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-usa-870380) |
| Honduras to India | HS 854232 | New corridor | $4.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-ind-854232) |
| Honduras to USA, Puerto Rico and US Virgin Islands | HS 030441 | New corridor | $2.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-usa-030441) |
| Honduras to Malaysia | HS 848690 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-mys-848690) |
| Honduras to Italy | HS 901890 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-ita-901890) |
| Honduras to Spain | HS 401110 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-esp-401110) |
| Honduras to CHN | HS 902750 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/hnd-chn-902750) |

## Frequently asked questions

### What does a new corridor signal mean?

It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales.

### Is the market opportunity reported trade?

Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast.

### What should exporters check next?

Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route.

## Method

The signal is a calculated research indicator based on available reported trade observations. It is not a confirmed order, sales forecast, or guarantee of market entry. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.