Benin (BEN) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Benin-Honduras Trade: In 2021, Benin exported $106k to Honduras. The main products that Benin exported to Honduras were N/A. Over the past 18 years the exports of Benin to Honduras have increased at an annualized rate of 62.5%, from $17 in 2003 to $106k in 2021.

In 2021, Benin did not export any services to Honduras.

Honduras-Benin Trade: In 2021, Honduras exported $179k to Benin. The main products that Honduras exported to Benin were Used Clothing ($132k), Knit T-shirts ($35.1k), and Knit Women's Suits ($7.47k). Over the past 18 years the exports of Honduras to Benin have increased at an annualized rate of 26.4%, from $55.3k in 2003 to $179k in 2021.

In 2021, Honduras did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Benin exported $106k to Honduras. There were not main exports from Benin to Honduras in 2021. During the last 18 years the exports of Benin to Honduras have increased at an annualized rate of 62.5%, from $17 in 2003 to $106k in 2021.

In 2017, Honduras exported $179k to Benin. The main products exported from Honduras to Benin were Used Clothing ($132k), Knit T-shirts ($35.1k), and Knit Women's Suits ($7.47k). During the last 5 years the exports of Honduras to Benin have increased at an annualized rate of 26.4%, from $55.3k in 2022 to $179k in 2017.

Exports from Benin () to Honduras () (2022)

Exports from Honduras () to Benin () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Honduras
Top DestinationUnited States$6.31B

This map shows whether countries import more from Benin or Honduras. Each country is colored based on the difference in imports they receive from Benin and Honduras or the difference in the growth in imports.

In 2022, countries that imported more from Benin than Honduras included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

In 2022, countries that imported more from Honduras than Benin included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

Difference in imports from Honduras () and Benin () (2022)

Comparative Advantage Benin - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Benin and Honduras by product, considering products traded by both, Benin and Honduras.

During 2021, Benin had a large net trade with Honduras in the exports of .

During 2017, Honduras had a large net trade with Benin in the exports of Textiles ($179k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Honduras+$2.45kRefined Petroleum

Top Product Potential Honduras Benin+$73.9kKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Honduras. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Benin.

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Historical Data

Bilateral Trade by Products

Exports from Benin () to Honduras () (2022)

Exports from Honduras () to Benin () (2022)

Market Competitiveness

Difference in imports from Honduras () and Benin () (2022)

Comparative Advantage Benin - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Honduras () (2022)

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