Guatemala (GTM) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Guatemala-Honduras Trade: In 2023, Guatemala exported $1.42B to Honduras. The main products that Guatemala exported to Honduras were Packaged Medicaments ($81.2M), Baked Goods ($62.4M), and Non-Retail Pure Cotton Yarn ($60M). Over the past 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 11.3%, from $833M in 2018 to $1.42B in 2023.

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

Honduras-Guatemala Trade: In 2023, Honduras exported $616M to Guatemala. The main products that Honduras exported to Guatemala were Soap ($43.8M), Baked Goods ($37.9M), and Scrap Iron ($32.5M). Over the past 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 7.58%, from $428M in 2018 to $616M in 2023.

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

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). 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, Guatemala exported $1.42B to Honduras. The main products exported from Guatemala to Honduras were Packaged Medicaments ($81.2M), Baked Goods ($62.4M), and Non-Retail Pure Cotton Yarn ($60M). During the last 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 11.3%, from $833M in 2018 to $1.42B in 2023.

In 2018, Honduras exported $616M to Guatemala. The main products exported from Honduras to Guatemala were Soap ($43.8M), Baked Goods ($37.9M), and Scrap Iron ($32.5M). During the last 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 7.58%, from $428M in 2023 to $616M in 2018.

Exports from Guatemala () to Honduras () (2023)

Exports from Honduras () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Honduras ()

Guatemala Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Guatemala than Honduras included El Salvador ($1.73B), Costa Rica ($626M), and Netherlands ($593M).

In 2023, countries that imported more from Honduras than Guatemala included United States ($5.87B), Germany ($395M), and Sweden ($57.4M).

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

Comparative Advantage Guatemala - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Honduras in the exports of Foodstuffs ($331M), Chemical Products ($292M), and Metals ($220M).

During 2018, Honduras had a large net trade with Guatemala in the exports of Foodstuffs ($131M), Textiles ($126M), and Metals ($102M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Honduras+$4.29MRefined Petroleum

Top Product Potential Honduras Guatemala+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Honduras () (2023)

Exports from Honduras () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Honduras ()

Guatemala Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Honduras () (2023)

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