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Who does Honduras rely on?

The largest supplier of Honduras in 2024 is the United States, with 34.9% of what Honduras buys. Its share was 38.8% in 2019 and 44.5% in 1995. 300 of the 611 products Honduras buys for more than $1 million have a supplier selling more than 50% of what Honduras buys of that product; in 111, more than 75%. In those products, purchases from each one’s dominant supplier add up to 42% of what Honduras buys.

Summary

Largest supplier: United States
34.9%
Concentration (HHI)
1,628
Products with a supplier above 50%
300
Products with a supplier above 75%
111

Concentration index (HHI): 1,628 out of 10,000; equivalent to splitting purchases among 6 suppliers of the same size

Trend

Trend in shares

China went from 1.5% to 15.5% of what Honduras buys

Share (%)

  • United States 34.9%
  • China 15.5%
  • Guatemala 7.8%
  • Mexico 6.2%
  • El Salvador 5.7%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995United States44.5%
1996United States47.4%
1997United States49.3%
1998United States46%
1999United States43.5%
2000United States44.1%
2001United States43.7%
2002United States39.5%
2003United States42.1%
2004United States39.8%
2005United States38.6%
2006United States44.4%
2007United States41.5%
2008United States48.3%
2009United States40.1%
2010United States43.1%
2011United States48%
2012United States44.1%
2013United States47.3%
2014United States41.9%
2015United States37.1%
2016United States35.5%
2017United States36.7%
2018United States37.6%
2019United States38.8%
2020United States35.8%
2021United States36.2%
2022United States47.1%
2023United States36.3%
2024United States34.9%

Its suppliers

  1. United States$5.9 billion · 34.9%
  2. China$2.6 billion · 15.5%
  3. Guatemala$1.3 billion · 7.8%
  4. Mexico$1.1 billion · 6.2%
  5. El Salvador$965 million · 5.7%
  6. Costa Rica$553 million · 3.3%
  7. Germany$361 million · 2.1%
  8. Nicaragua$309 million · 1.8%
  9. India$284 million · 1.7%
  10. Brazil$280 million · 1.7%

Products with a dominant supplier

Of the 611 products Honduras buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Refined petroleumUnited States91.1%over 75%Ecuador · 5.5%$2.5 billion
Cotton yarnUnited States79.5%over 75%Guatemala · 11.9%$576 million
Synthetic fiber yarnUnited States93.6%over 75%Guatemala · 4.5%$340 million
Cameras and broadcast equipmentChina56.5%Vietnam · 26.1%$259 million
Coated flat steelChina87.2%over 75%El Salvador · 4.8%$238 million
CornUnited States98.4%over 75%Brazil · 0.49%$236 million
MotorcyclesChina55.4%India · 36.7%$210 million
T-shirtsNicaragua50.5%El Salvador · 37.9%$188 million
Copper wireGermany61.2%Peru · 30.2%$178 million
PorkUnited States96%over 75%Canada · 4%$151 million
Soybean meal and pelletsUnited States99.9%over 75%Brazil · 0.07%$150 million
Natural gas and LPGUnited States52.5%El Salvador · 23%$131 million
Monitors and projectorsMexico61.5%China · 30.1%$116 million
RiceUnited States97.5%over 75%Paraguay · 1.5%$114 million
New tiresChina68.5%Thailand · 5.4%$101 million
Used clothingUnited States97.5%over 75%Spain · 0.67%$98 million
BeerUnited States57.2%Mexico · 19.4%$97 million
Sweaters and pulloversEl Salvador56.6%Nicaragua · 32%$93 million
Nitrogen fertilizersRussia77.2%over 75%United States · 11%$89 million
WheatUnited States100%over 75%—$81 million
Transformers and power suppliesChina56.8%Mexico · 13.7%$79 million
Steel barsGuatemala78.8%over 75%El Salvador · 15.4%$78 million
Mixed fertilizersRussia50.3%United States · 26.8%$76 million
Fragrance mixturesUruguay71.3%Mexico · 13.7%$75 million
CementVietnam58.6%China · 28%$72 million

and 275 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: United States
49.2%
Concentration (HHI)
2,637

Concentration index (HHI): 2,637 out of 10,000; equivalent to splitting sales among 4 customers of the same size

Trend in shares

The United States went from 63% to 49.2% of what Honduras sells

Share (%)

  • United States 49.2%
  • Nicaragua 8.5%
  • El Salvador 6.5%
  • Guatemala 6.1%
  • Mexico 5.6%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States63%
1996United States66.7%
1997United States68.2%
1998United States68.8%
1999United States74.1%
2000United States74.9%
2001United States75.1%
2002United States76.2%
2003United States75.3%
2004United States74.5%
2005United States72.1%
2006United States69.5%
2007United States65%
2008United States64%
2009United States60.7%
2010United States58.3%
2011United States56.4%
2012United States56.5%
2013United States57.3%
2014United States56.5%
2015United States57.9%
2016United States57.5%
2017United States53.5%
2018United States51.2%
2019United States51.6%
2020United States48.6%
2021United States50.9%
2022United States50.1%
2023United States48.7%
2024United States49.2%

171 of the 248 products Honduras sells for more than $1 million have a customer buying more than 50% of what Honduras sells of that product; in 92, more than 75%. In those products, sales to each one’s dominant customer add up to 42.5% of what Honduras sells.

ProductCustomerShareSecondValue
Cables and wireUnited States74.9%Mexico · 12.8%$1.4 billion
Sweaters and pulloversUnited States69.9%Nicaragua · 11.3%$1.1 billion
BananasUnited States89.4%over 75%Canada · 8.8%$283 million
GoldUnited States100%over 75%—$189 million
Cigarettes and cigarsUnited States60.9%Germany · 7.6%$183 million
Melons, watermelons and papayasUnited States70.7%Netherlands · 9.6%$168 million
Garments of coated or nonwoven fabricUnited States68.7%Mexico · 19.6%$163 million
Socks and tightsUnited States93.6%over 75%Canada · 4.3%$152 million
Other fresh vegetablesUnited States68%Canada · 15.6%$142 million
Plastic packagingUnited States52.3%Guatemala · 18.6%$139 million
Men's knitted suits and trousersUnited States89.1%over 75%Mexico · 3.6%$122 million
Men's shirtsUnited States88.1%over 75%Canada · 8.6%$117 million
Preserved fruit and nutsUnited States66.1%Dominican Republic · 15.1%$98 million
Vehicle lights and signalsUnited States86.2%over 75%Mexico · 13.7%$90 million
Women's knitted underwear and pajamasUnited States80%over 75%El Salvador · 10.6%$82 million

and 156 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
77Turkmenistan1,639
78Macao1,630
79Honduras1,628
80Micronesia1,608
81Namibia1,597
82Kazakhstan1,580

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.