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

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Honduras-Guatemala Trade: In 2022, Honduras exported $596M to Guatemala. The main products that Honduras exported to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). Over the past 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.91%, from $372M in 2017 to $596M in 2022.

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

Guatemala-Honduras Trade: In 2022, Guatemala exported $1.58B to Honduras. The main products that Guatemala exported to Honduras were Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). Over the past 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 4.61%, from $961M in 2017 to $1.58B in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $596M to Guatemala. The main products exported from Honduras to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). During the last 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.91%, from $372M in 2017 to $596M in 2022.

In 2017, Guatemala exported $1.58B to Honduras. The main products exported from Guatemala to Honduras were Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). During the last 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 4.61%, from $961M in 2022 to $1.58B in 2017.

Exports from Honduras () to Guatemala () (2022)

Exports from Guatemala () to Honduras () (2022)

Latest Data

Trade between Honduras () and Guatemala ()

Honduras Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Honduras than Guatemala included United States ($6.31B), Germany ($462M), and Canada ($372M).

In 2022, countries that imported more from Guatemala than Honduras included El Salvador ($2.03B), Costa Rica ($641M), and Netherlands ($658M).

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

Comparative Advantage Honduras - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Guatemala in the exports of Textiles ($149M), Metals ($121M), and Foodstuffs ($107M).

During 2017, Guatemala had a large net trade with Honduras in the exports of Foodstuffs ($351M), Chemical Products ($334M), and Metals ($225M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Guatemala+$10.3MKnit T-shirts

Top Product Potential Guatemala Honduras+$4.29MRefined 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 Guatemala. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Honduras.

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Guatemala () (2022)

Exports from Guatemala () to Honduras () (2022)

Latest Data

Trade between Honduras () and Guatemala ()

Honduras Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Honduras - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Guatemala () (2022)

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