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Pricing

2022
Flag → Flag
Exports $5.51MRnk 41 / 124
2022
Flag → Flag
Top Product $1.28MSawn Wood
2022
Flag → Flag
Exports $6.04MRnk 57 / 149
2022
Flag → Flag
Top Product $4.52MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC $3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Honduras-Trinidad and Tobago Trade: In 2022, Honduras exported $5.51M to Trinidad and Tobago. The main products that Honduras exported to Trinidad and Tobago were Sawn Wood ($1.28M), Artificial Filament Tow ($1.24M), and Raw Sugar ($1.08M). Over the past 5 years the exports of Honduras to Trinidad and Tobago have decreased at an annualized rate of 5.21%, from $7.19M in 2017 to $5.51M in 2022.

In 2022, Honduras did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Honduras Trade: In 2022, Trinidad and Tobago exported $6.04M to Honduras. The main products that Trinidad and Tobago exported to Honduras were Nitrogenous Fertilizers ($4.52M), Amino-resins ($751k), and Sausages ($447k). Over the past 5 years the exports of Trinidad and Tobago to Honduras have increased at an annualized rate of 2.5%,  from $5.34M in 2017 to $6.04M in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $5.51M to Trinidad and Tobago. The main products exported from Honduras to Trinidad and Tobago were Sawn Wood ($1.28M), Artificial Filament Tow ($1.24M), and Raw Sugar ($1.08M). During the last 5 years the exports of Honduras to Trinidad and Tobago have decreased at an annualized rate of 5.21%, from $7.19M in 2017 to $5.51M in 2022.

In 2017, Trinidad and Tobago exported $6.04M to Honduras. The main products exported from Trinidad and Tobago to Honduras were Nitrogenous Fertilizers ($4.52M), Amino-resins ($751k), and Sausages ($447k). During the last 5 years the exports of Trinidad and Tobago to Honduras have increased at an annualized rate of 2.5%, from $5.34M in 2022 to $6.04M in 2017.

Exports from Honduras (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Honduras (Flag) (2022)

Latest Data

Trade between Honduras (Flag) and Trinidad and Tobago (Flag)

Honduras Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Honduras than Trinidad and Tobago included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

In 2022, countries that imported more from Trinidad and Tobago than Honduras included Belgium ($894M), Morocco ($740M), and Spain ($580M).

Difference in imports from Trinidad and Tobago (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Trinidad and Tobago

Flow
Scale

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

During 2022, Honduras had a large net trade with Trinidad and Tobago in the exports of Textiles ($1.78M), Wood Products ($1.3M), and Foodstuffs ($1.09M).

During 2017, Trinidad and Tobago had a large net trade with Honduras in the exports of Chemical Products ($4.53M), Plastics and Rubbers ($980k), and Foodstuffs ($530k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Trinidad and Tobago+$2.18kInsulated Wire
Top Product Potential Trinidad and Tobago Honduras+$3.86kPetroleum Gas

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 Trinidad and Tobago. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Honduras.

Product Space of Honduras (Flag) and Trinidad and Tobago (Flag) (2022)

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