Honduras (HND) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Honduras-Singapore Trade: In 2022, Honduras exported $4.8M to Singapore. The main products that Honduras exported to Singapore were Knit T-shirts ($1.43M), Coffee ($1.16M), and Crustaceans ($509k). Over the past 5 years the exports of Honduras to Singapore have increased at an annualized rate of 13.9%, from $2.5M in 2017 to $4.8M in 2022.

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

Singapore-Honduras Trade: In 2022, Singapore exported $8.8M to Honduras. The main products that Singapore exported to Honduras were Aluminium Foil ($1.57M), Refined Petroleum ($1.08M), and Other Measuring Instruments ($869k). Over the past 5 years the exports of Singapore to Honduras have increased at an annualized rate of 0.72%, from $8.49M in 2017 to $8.8M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $4.8M to Singapore. The main products exported from Honduras to Singapore were Knit T-shirts ($1.43M), Coffee ($1.16M), and Crustaceans ($509k). During the last 5 years the exports of Honduras to Singapore have increased at an annualized rate of 13.9%, from $2.5M in 2017 to $4.8M in 2022.

In 2017, Singapore exported $8.8M to Honduras. The main products exported from Singapore to Honduras were Aluminium Foil ($1.57M), Refined Petroleum ($1.08M), and Other Measuring Instruments ($869k). During the last 5 years the exports of Singapore to Honduras have increased at an annualized rate of 0.72%, from $8.49M in 2022 to $8.8M in 2017.

Exports from Honduras () to Singapore () (2022)

Exports from Singapore () to Honduras () (2022)

Latest Data

Trade between Honduras () and Singapore ()

Honduras Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Honduras than Singapore included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

In 2022, countries that imported more from Singapore than Honduras included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Honduras - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Singapore in the exports of Textiles ($2.43M), Vegetable Products ($1.3M), and Animal Products ($509k).

During 2017, Singapore had a large net trade with Honduras in the exports of Machines ($3.45M), Metals ($1.57M), and Mineral Products ($1.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Singapore+$2.44MKnit T-shirts

Top Product Potential Singapore Honduras+$3.74MRefined 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 Singapore. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Honduras.

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Singapore () (2022)

Exports from Singapore () to Honduras () (2022)

Latest Data

Trade between Honduras () and Singapore ()

Honduras Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Honduras - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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