Honduras (HND) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Honduras-Colombia Trade: In 2023, Honduras exported $40.5M to Colombia. The main products that Honduras exported to Colombia were Scented Mixtures ($13.4M), Corn ($4.89M), and Knit Sweaters ($3.25M). Over the past 5 years the exports of Honduras to Colombia have decreased at an annualized rate of 2.29%, from $45.4M in 2018 to $40.5M in 2023.

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

Colombia-Honduras Trade: In 2023, Colombia exported $171M to Honduras. The main products that Colombia exported to Honduras were Packaged Medicaments ($35.2M), Refrigerators ($16M), and Pesticides ($10.6M). Over the past 5 years the exports of Colombia to Honduras have increased at an annualized rate of 8.29%, from $115M in 2018 to $171M in 2023.

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

Comparison: In 2023, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $40.5M to Colombia. The main products exported from Honduras to Colombia were Scented Mixtures ($13.4M), Corn ($4.89M), and Knit Sweaters ($3.25M). During the last 5 years the exports of Honduras to Colombia have decreased at an annualized rate of 2.29%, from $45.4M in 2018 to $40.5M in 2023.

In 2018, Colombia exported $171M to Honduras. The main products exported from Colombia to Honduras were Packaged Medicaments ($35.2M), Refrigerators ($16M), and Pesticides ($10.6M). During the last 5 years the exports of Colombia to Honduras have increased at an annualized rate of 8.29%, from $115M in 2023 to $171M in 2018.

Exports from Honduras () to Colombia () (2023)

Exports from Colombia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Colombia ()

Honduras Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Honduras included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Honduras - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Colombia in the exports of Chemical Products ($18.2M), Vegetable Products ($7.56M), and Textiles ($6.4M).

During 2018, Colombia had a large net trade with Honduras in the exports of Chemical Products ($60.8M), Machines ($34.6M), and Plastics and Rubbers ($18.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Colombia+$9.53MCoffee

Top Product Potential Colombia Honduras+$2.22MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Colombia () (2023)

Exports from Colombia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Colombia ()

Honduras Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Honduras - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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