Honduras (HND) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Honduras-Germany Trade: In 2023, Honduras exported $395M to Germany. The main products that Honduras exported to Germany were Coffee ($286M), Knit T-shirts ($32.2M), and Palm Oil ($22.3M). Over the past 5 years the exports of Honduras to Germany have increased at an annualized rate of 0.61%, from $383M in 2018 to $395M in 2023.

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

Germany-Honduras Trade: In 2023, Germany exported $300M to Honduras. The main products that Germany exported to Honduras were Copper Wire ($85.3M), Packaged Medicaments ($38.8M), and Vaccines, blood, antisera, toxins and cultures ($12.4M). Over the past 5 years the exports of Germany to Honduras have increased at an annualized rate of 7.55%, from $209M in 2018 to $300M in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $395M to Germany. The main products exported from Honduras to Germany were Coffee ($286M), Knit T-shirts ($32.2M), and Palm Oil ($22.3M). During the last 5 years the exports of Honduras to Germany have increased at an annualized rate of 0.61%, from $383M in 2018 to $395M in 2023.

In 2018, Germany exported $300M to Honduras. The main products exported from Germany to Honduras were Copper Wire ($85.3M), Packaged Medicaments ($38.8M), and Vaccines, blood, antisera, toxins and cultures ($12.4M). During the last 5 years the exports of Germany to Honduras have increased at an annualized rate of 7.55%, from $209M in 2023 to $300M in 2018.

Exports from Honduras () to Germany () (2023)

Exports from Germany () to Honduras () (2023)

Latest Data

Trade between Honduras () and Germany ()

Honduras Exports

Date

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Germany
Top DestinationUnited States$157B

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

In 2023, countries that imported more from Honduras than Germany included Nicaragua ($980M), El Salvador ($796M), and North Korea ($980k).

In 2023, countries that imported more from Germany than Honduras included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage Honduras - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Germany in the exports of Vegetable Products ($295M), Textiles ($44.8M), and Animal and Vegetable Bi-Products ($25M).

During 2018, Germany had a large net trade with Honduras in the exports of Metals ($91.9M), Chemical Products ($77.6M), and Machines ($74.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Germany+$33.2MKnit T-shirts

Top Product Potential Germany Honduras+$6.77MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Germany () (2023)

Exports from Germany () to Honduras () (2023)

Latest Data

Trade between Honduras () and Germany ()

Honduras Exports

Germany Exports

Market Competitiveness

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

Comparative Advantage Honduras - Germany

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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