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2023
Flag → Flag
Exports $3.71MRnk 57 / 142
2023
Flag → Flag
Top Product $1.64MKnit T-shirts
2023
Flag → Flag
Exports $9.31MRnk 140 / 217
2023
Flag → Flag
Top Product $1.79MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Honduras-Singapore Trade: In 2023, Honduras exported $3.71M to Singapore. The main products that Honduras exported to Singapore were Knit T-shirts ($1.64M), Coffee ($609k), and Synthetic Coloring Matter ($436k). Over the past 5 years the exports of Honduras to Singapore have decreased at an annualized rate of 10.3%, from $6.37M in 2018 to $3.71M in 2023.

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

Singapore-Honduras Trade: In 2023, Singapore exported $9.31M to Honduras. The main products that Singapore exported to Honduras were Refined Petroleum ($1.79M), Packaged Medicaments ($1.74M), and Other Edible Preparations ($1.28M). Over the past 5 years the exports of Singapore to Honduras have decreased at an annualized rate of 12.2%,  from $17.8M in 2018 to $9.31M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Honduras exported $3.71M to Singapore. The main products exported from Honduras to Singapore were Knit T-shirts ($1.64M), Coffee ($609k), and Synthetic Coloring Matter ($436k). During the last 5 years the exports of Honduras to Singapore have decreased at an annualized rate of 10.3%, from $6.37M in 2018 to $3.71M in 2023.

In 2018, Singapore exported $9.31M to Honduras. The main products exported from Singapore to Honduras were Refined Petroleum ($1.79M), Packaged Medicaments ($1.74M), and Other Edible Preparations ($1.28M). During the last 5 years the exports of Singapore to Honduras have decreased at an annualized rate of 12.2%, from $17.8M in 2023 to $9.31M in 2018.

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

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

Latest Data

Trade between Honduras (Flag) and Singapore (Flag)

Honduras Exports

Singapore Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$5.87B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Singapore than Honduras included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

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

Comparative Advantage Honduras - Singapore

Flow
Scale

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

During 2023, Honduras had a large net trade with Singapore in the exports of Textiles ($2.03M), Vegetable Products ($609k), and Chemical Products ($457k).

During 2018, Singapore had a large net trade with Honduras in the exports of Chemical Products ($2.14M), Mineral Products ($1.79M), and Machines ($1.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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