Honduras (HND) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

About

Honduras-Azerbaijan Trade: In 2022, Honduras exported $40.8k to Azerbaijan. The main products that Honduras exported to Azerbaijan were N/A. Over the past 5 years the exports of Honduras to Azerbaijan have increased at an annualized rate of 11%, from $24.3k in 2017 to $40.8k in 2022.

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

Azerbaijan-Honduras In N/A, Azerbaijan did not export any products to Honduras.

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

Comparison: In 2022, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $40.8k to Azerbaijan. There were not main exports from Honduras to Azerbaijan in 2022. During the last 5 years the exports of Honduras to Azerbaijan have increased at an annualized rate of 11%, from $24.3k in 2017 to $40.8k in 2022.

Azerbaijan does not register exports to Honduras.

Exports from Honduras () to Azerbaijan () (2022)

Exports from Azerbaijan () to Honduras () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Honduras included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Honduras - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Azerbaijan in the exports of Vegetable Products ($38.1k), Foodstuffs ($1.9k), and Machines ($732).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Azerbaijan+$88.5kCoffee

Top Product Potential Azerbaijan Honduras+$4.56kPetroleum Gas

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Azerbaijan () (2022)

Exports from Azerbaijan () to Honduras () (2022)

Market Competitiveness

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

Comparative Advantage Honduras - Azerbaijan

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 Honduras () and Azerbaijan () (2022)

Keep Exploring