Finland (FIN) and Honduras (HND) Trade | The Observatory of Economic Complexity

About

Finland-Honduras Trade: In 2023, Finland exported $11.5M to Honduras. The main products that Finland exported to Honduras were Electric Generating Sets ($3.23M), Electric Motors ($2.44M), and Large Construction Vehicles ($611k). Over the past 5 years the exports of Finland to Honduras have increased at an annualized rate of 26.2%, from $3.59M in 2018 to $11.5M in 2023.

In 2023, Finland did not export any services to Honduras.

Honduras-Finland Trade: In 2023, Honduras exported $32.7M to Finland. The main products that Honduras exported to Finland were Coffee ($31.9M), Knit T-shirts ($372k), and Pepper ($132k). Over the past 5 years the exports of Honduras to Finland have increased at an annualized rate of 8.69%, from $21.6M in 2018 to $32.7M in 2023.

In 2023, Honduras did not export any services to Finland.

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $11.5M to Honduras. The main products exported from Finland to Honduras were Electric Generating Sets ($3.23M), Electric Motors ($2.44M), and Large Construction Vehicles ($611k). During the last 5 years the exports of Finland to Honduras have increased at an annualized rate of 26.2%, from $3.59M in 2018 to $11.5M in 2023.

In 2018, Honduras exported $32.7M to Finland. The main products exported from Honduras to Finland were Coffee ($31.9M), Knit T-shirts ($372k), and Pepper ($132k). During the last 5 years the exports of Honduras to Finland have increased at an annualized rate of 8.69%, from $21.6M in 2023 to $32.7M in 2018.

Exports from Finland () to Honduras () (2023)

Exports from Honduras () to Finland () (2023)

Latest Data

Trade between Finland () and Honduras ()

Finland Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Finland than Honduras included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from Honduras than Finland included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

Difference in imports from Honduras () and Finland () (2023)

Comparative Advantage Finland - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Honduras in the exports of Machines ($8.91M), Chemical Products ($979k), and Paper Goods ($605k).

During 2018, Honduras had a large net trade with Finland in the exports of Vegetable Products ($32.2M), Textiles ($537k), and Paper Goods ($28.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Honduras+$511kKaolin Coated Paper

Top Product Potential Honduras Finland+$1.07MKnit 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.

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 Finland and Honduras. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Honduras () (2023)

Exports from Honduras () to Finland () (2023)

Latest Data

Trade between Finland () and Honduras ()

Finland Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Finland () (2023)

Comparative Advantage Finland - 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 Finland () and Honduras () (2023)

Keep Exploring