Honduras (HND) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Honduras-Japan Trade: In 2023, Honduras exported $82.9M to Japan. The main products that Honduras exported to Japan were Coffee ($59M), Knit T-shirts ($7.58M), and Knit Sweaters ($4.27M). Over the past 5 years the exports of Honduras to Japan have increased at an annualized rate of 12%, from $47M in 2018 to $82.9M in 2023.

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

Japan-Honduras Trade: In 2023, Japan exported $330M to Honduras. The main products that Japan exported to Honduras were Cars ($122M), Delivery Trucks ($57.3M), and Cold-Rolled Iron ($29M). Over the past 5 years the exports of Japan to Honduras have increased at an annualized rate of 14.9%, from $165M in 2018 to $330M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $82.9M to Japan. The main products exported from Honduras to Japan were Coffee ($59M), Knit T-shirts ($7.58M), and Knit Sweaters ($4.27M). During the last 5 years the exports of Honduras to Japan have increased at an annualized rate of 12%, from $47M in 2018 to $82.9M in 2023.

In 2018, Japan exported $330M to Honduras. The main products exported from Japan to Honduras were Cars ($122M), Delivery Trucks ($57.3M), and Cold-Rolled Iron ($29M). During the last 5 years the exports of Japan to Honduras have increased at an annualized rate of 14.9%, from $165M in 2023 to $330M in 2018.

Exports from Honduras () to Japan () (2023)

Exports from Japan () to Honduras () (2023)

Latest Data

Trade between Honduras () and Japan ()

Honduras Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Honduras than Japan included Nicaragua ($980M), El Salvador ($796M), and Haiti ($19.9M).

In 2023, countries that imported more from Japan than Honduras included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Honduras - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Japan in the exports of Vegetable Products ($63.7M), Textiles ($13.9M), and Animal Products ($4.03M).

During 2018, Japan had a large net trade with Honduras in the exports of Transportation ($215M), Machines ($46.6M), and Metals ($41.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Japan+$14.7MCoffee

Top Product Potential Japan Honduras+$18.2MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Japan () (2023)

Exports from Japan () to Honduras () (2023)

Latest Data

Trade between Honduras () and Japan ()

Honduras Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Honduras - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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