Honduras (HND) and Peru (PER) Trade | The Observatory of Economic Complexity

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Honduras-Peru Trade: In 2023, Honduras exported $7.3M to Peru. The main products that Honduras exported to Peru were Felt or Coated Fabric Garments ($2.39M), Knit T-shirts ($1.06M), and Recovered Paper ($909k). Over the past 5 years the exports of Honduras to Peru have increased at an annualized rate of 1.33%, from $6.84M in 2018 to $7.3M in 2023.

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

Peru-Honduras Trade: In 2023, Peru exported $96M to Honduras. The main products that Peru exported to Honduras were Refined Petroleum ($32.8M), Grapes ($8.65M), and Baked Goods ($6.5M). Over the past 5 years the exports of Peru to Honduras have increased at an annualized rate of 13.5%, from $50.9M in 2018 to $96M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $7.3M to Peru. The main products exported from Honduras to Peru were Felt or Coated Fabric Garments ($2.39M), Knit T-shirts ($1.06M), and Recovered Paper ($909k). During the last 5 years the exports of Honduras to Peru have increased at an annualized rate of 1.33%, from $6.84M in 2018 to $7.3M in 2023.

In 2018, Peru exported $96M to Honduras. The main products exported from Peru to Honduras were Refined Petroleum ($32.8M), Grapes ($8.65M), and Baked Goods ($6.5M). During the last 5 years the exports of Peru to Honduras have increased at an annualized rate of 13.5%, from $50.9M in 2023 to $96M in 2018.

Exports from Honduras () to Peru () (2023)

Exports from Peru () to Honduras () (2023)

Latest Data

Trade between Honduras () and Peru ()

Honduras Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Honduras than Peru included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

In 2023, countries that imported more from Peru than Honduras included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Honduras - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Peru in the exports of Textiles ($3.9M), Paper Goods ($923k), and Foodstuffs ($759k).

During 2018, Peru had a large net trade with Honduras in the exports of Mineral Products ($33.1M), Vegetable Products ($16.5M), and Foodstuffs ($11.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Peru+$2.94MKnit T-shirts

Top Product Potential Peru Honduras+$1.63MRefined 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 Peru. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Honduras.

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Peru () (2023)

Exports from Peru () to Honduras () (2023)

Latest Data

Trade between Honduras () and Peru ()

Honduras Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Honduras - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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