NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $6.47MRnk 45 / 142
2023
Flag → Flag
Top Product $6.37MCoffee
2023
Flag → Flag
Exports $191MRnk 71 / 137
2023
Flag → Flag
Top Product $75.3MNitrogenous Fertilizers
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC $3,232CURRENT US$
Rnk 141 / 195
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Honduras-Russia Trade: In 2023, Honduras exported $6.47M to Russia. The main products that Honduras exported to Russia were Coffee ($6.37M), Potassic Fertilizers ($51k), and Nitrogenous Fertilizers ($45k). Over the past 6 years the exports of Honduras to Russia have decreased at an annualized rate of 18.8%, from $22.5M in 2017 to $6.47M in 2023.

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

Russia-Honduras Trade: In 2023, Russia exported $191M to Honduras. The main products that Russia exported to Honduras were Nitrogenous Fertilizers ($75.3M), Semi-Finished Iron ($62.2M), and Malt ($20.9M). Over the past 6 years the exports of Russia to Honduras have increased at an annualized rate of 18.6%,  from $81.5M in 2017 to $191M in 2023.

In 2020, Russia exported services to Honduras worth $461k, with Communications services ($221k), Computer and information services ($197k), and Transportation ($34k) being the largest in terms of value.

Comparison: In 2023,  Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Honduras exported $6.47M to Russia. The main products exported from Honduras to Russia were Coffee ($6.37M), Potassic Fertilizers ($51k), and Nitrogenous Fertilizers ($45k). During the last 6 years the exports of Honduras to Russia have decreased at an annualized rate of 18.8%, from $22.5M in 2017 to $6.47M in 2023.

In 2018, Russia exported $191M to Honduras. The main products exported from Russia to Honduras were Nitrogenous Fertilizers ($75.3M), Semi-Finished Iron ($62.2M), and Malt ($20.9M). During the last 5 years the exports of Russia to Honduras have increased at an annualized rate of 18.6%, from $81.5M in 2023 to $191M in 2018.

Exports from Honduras (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Honduras (Flag) (2023)

Latest Data

Trade between Honduras (Flag) and Russia (Flag)

Honduras Exports

Russia Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$5.87B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Honduras than Russia included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

In 2023, countries that imported more from Russia than Honduras included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Honduras (Flag) (2023)

Comparative Advantage Honduras - Russia

Flow
Scale

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

During 2023, Honduras had a large net trade with Russia in the exports of Vegetable Products ($6.37M) and Chemical Products ($96k).

During 2018, Russia had a large net trade with Honduras in the exports of Chemical Products ($108M), Metals ($62.5M), and Vegetable Products ($20.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Russia+$5.65kCoffee
Top Product Potential Russia Honduras+$8.15kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Russia exported services to Honduras worth $461k, with Communications services ($221k), Computer and information services ($197k), and Transportation ($34k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Honduras (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Honduras and Russia. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Honduras.

Product Space of Honduras (Flag) and Russia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms