Honduras (HND) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Honduras-Kuwait Trade: In 2022, Honduras exported $2.98M to Kuwait. The main products that Honduras exported to Kuwait were Knit T-shirts ($790k), Knit Sweaters ($286k), and Knit Men's Suits ($260k). Over the past 5 years the exports of Honduras to Kuwait have increased at an annualized rate of 20.8%, from $1.16M in 2017 to $2.98M in 2022.

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

Kuwait-Honduras Trade: In 2022, Kuwait exported $224 to Honduras. The main products that Kuwait exported to Honduras were N/A. Over the past 5 years the exports of Kuwait to Honduras have decreased at an annualized rate of 55.7%, from $13.2k in 2017 to $224 in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $2.98M to Kuwait. The main products exported from Honduras to Kuwait were Knit T-shirts ($790k), Knit Sweaters ($286k), and Knit Men's Suits ($260k). During the last 5 years the exports of Honduras to Kuwait have increased at an annualized rate of 20.8%, from $1.16M in 2017 to $2.98M in 2022.

In 2016, Kuwait exported $224 to Honduras. There were not main exports from Kuwait to Honduras in 2016. During the last 5 years the exports of Kuwait to Honduras have decreased at an annualized rate of 55.7%, from $13.2k in 2021 to $224 in 2016.

Exports from Honduras () to Kuwait () (2022)

Exports from Kuwait () to Honduras () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Honduras than Kuwait included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

In 2022, countries that imported more from Kuwait than Honduras included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Honduras - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Kuwait in the exports of Textiles ($2.09M), Transportation ($236k), and Vegetable Products ($192k).

During 2016, Kuwait had a large net trade with Honduras in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Kuwait+$1.51MKnit T-shirts

Top Product Potential Kuwait Honduras+$5.39kRefined 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 Kuwait. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Honduras.

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Kuwait () (2022)

Exports from Kuwait () to Honduras () (2022)

Market Competitiveness

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

Comparative Advantage Honduras - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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