2022
Flag  
GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

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
Value

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 (Flag) to Singapore (Flag) (2022)

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

Latest Data

Trade between Honduras (Flag) and Singapore (Flag)

Honduras Exports

Singapore Exports

Market Competitiveness

Color
Honduras
Top Destination
United States$6.31B
Singapore
Top Destination
Hong 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 (Flag) and Honduras (Flag) (2022)

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 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

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) (2022)

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