Belize (BLZ) and Honduras (HND) Trade | The Observatory of Economic Complexity

About

Belize-Honduras Trade: In 2022, Belize exported $19.9M to Honduras. The main products that Belize exported to Honduras were Rolled Tobacco ($16.5M), Iron Structures ($1.8M), and Refined Petroleum ($1.55M). Over the past 5 years the exports of Belize to Honduras have increased at an annualized rate of 18.6%, from $8.47M in 2017 to $19.9M in 2022.

In 2022, Belize did not export any services to Honduras.

Honduras-Belize Trade: In 2022, Honduras exported $6.68M to Belize. The main products that Honduras exported to Belize were Sawn Wood ($1.89M), Paper Containers ($1.37M), and Plastic Lids ($1.12M). Over the past 5 years the exports of Honduras to Belize have decreased at an annualized rate of 15.3%, from $21.3M in 2017 to $6.68M in 2022.

In 2022, Honduras did not export any services to Belize.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. 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 2022, Belize exported $19.9M to Honduras. The main products exported from Belize to Honduras were Rolled Tobacco ($16.5M), Iron Structures ($1.8M), and Refined Petroleum ($1.55M). During the last 5 years the exports of Belize to Honduras have increased at an annualized rate of 18.6%, from $8.47M in 2017 to $19.9M in 2022.

In 2017, Honduras exported $6.68M to Belize. The main products exported from Honduras to Belize were Sawn Wood ($1.89M), Paper Containers ($1.37M), and Plastic Lids ($1.12M). During the last 5 years the exports of Honduras to Belize have decreased at an annualized rate of 15.3%, from $21.3M in 2022 to $6.68M in 2017.

Exports from Belize () to Honduras () (2022)

Exports from Honduras () to Belize () (2022)

Latest Data

Trade between Belize () and Honduras ()

Belize Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Belize than Honduras included Hungary ($18.3M), Cote d'Ivoire ($10.4M), and Jamaica ($14.9M).

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

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

Comparative Advantage Belize - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Honduras in the exports of Foodstuffs ($16.5M), Metals ($1.8M), and Mineral Products ($1.55M).

During 2017, Honduras had a large net trade with Belize in the exports of Wood Products ($1.96M), Paper Goods ($1.45M), and Plastics and Rubbers ($1.21M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Belize () to Honduras () (2022)

Exports from Honduras () to Belize () (2022)

Latest Data

Trade between Belize () and Honduras ()

Belize Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Belize - Honduras

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring