Honduras (HND) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Honduras-Norway Trade: In 2022, Honduras exported $6.89M to Norway. The main products that Honduras exported to Norway were Coffee ($2.25M), Other Processed Fruits and Nuts ($2.2M), and Melons ($1.26M). Over the past 5 years the exports of Honduras to Norway have increased at an annualized rate of 3.33%, from $5.85M in 2017 to $6.89M in 2022.

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

Norway-Honduras Trade: In 2022, Norway exported $32.6M to Honduras. The main products that Norway exported to Honduras were Water and Gas Generators ($23.3M), Railway Cargo Containers ($7.97M), and Small Iron Containers ($380k). Over the past 5 years the exports of Norway to Honduras have increased at an annualized rate of 27.9%, from $4.56M in 2017 to $32.6M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $6.89M to Norway. The main products exported from Honduras to Norway were Coffee ($2.25M), Other Processed Fruits and Nuts ($2.2M), and Melons ($1.26M). During the last 5 years the exports of Honduras to Norway have increased at an annualized rate of 3.33%, from $5.85M in 2017 to $6.89M in 2022.

In 2017, Norway exported $32.6M to Honduras. The main products exported from Norway to Honduras were Water and Gas Generators ($23.3M), Railway Cargo Containers ($7.97M), and Small Iron Containers ($380k). During the last 5 years the exports of Norway to Honduras have increased at an annualized rate of 27.9%, from $4.56M in 2022 to $32.6M in 2017.

Exports from Honduras () to Norway () (2022)

Exports from Norway () to Honduras () (2022)

Latest Data

Trade between Honduras () and Norway ()

Honduras Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Honduras included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Honduras - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Norway in the exports of Vegetable Products ($3.82M), Foodstuffs ($2.23M), and Textiles ($617k).

During 2017, Norway had a large net trade with Honduras in the exports of Machines ($23.6M), Transportation ($8.08M), and Chemical Products ($453k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Norway+$2.48MCoffee

Top Product Potential Norway Honduras+$159kDelivery Trucks

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Norway () (2022)

Exports from Norway () to Honduras () (2022)

Latest Data

Trade between Honduras () and Norway ()

Honduras Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Honduras - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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