2022
Flag  
GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP
$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH
48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC 
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH
23.4%CURRENT US$
Rnk 76 / 186

About

Honduras-Belize In 2022, Honduras exported $6.68M to Belize. The main products that Honduras exported to Belize are Sawn Wood ($1.89M), Paper Containers ($1.37M), and Plastic Lids ($1.12M). During the last 27 years the exports of Honduras to Belize have increased at an annualized rate of 8.91%, from $667k in 1995 to $6.68M in 2022.

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

Belize-Honduras 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). During the last 27 years the exports of Belize to Honduras have increased at an annualized rate of 19.1%, from $179k in 1995 to $19.9M in 2022.

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

Comparison In 2022,  Honduras ranked 86 in the Economic Complexity Index (ECI -0.59),  and 97 in total exports ($12.3B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Honduras to Belize have increased at an annualized rate of 8.91%, from $667k in 1995 to $6.68M in 2022.

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 27 years the exports of Belize to Honduras have increased at an annualized rate of 19.1%, from $179k in 1995 to $19.9M in 2022.

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

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

Latest Data

Trade between Honduras (Flag) and Belize (Flag)

Honduras Exports

Belize Exports

Market Competitiveness

Color
Honduras
Top Destination
United States$6.31B
Belize
Top Destination
United States$86.5M

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

In 2021, countries that imported more from Honduras than Belize were United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

In 2021, countries that imported more from Belize than Honduras were Hungary ($18.3M), Cote d'Ivoire ($10.4M), and Jamaica ($14.9M).

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

Comparative Advantage Honduras - Belize

Flow
Scale

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

During 2022, 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).

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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Honduras has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Honduras.

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

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