Honduras (HND) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Honduras-Turkey Trade: In 2023, Honduras exported $12.5M to Turkey. The main products that Honduras exported to Turkey were Textile Scraps ($5.68M), Coffee ($2.78M), and Synthetic Coloring Matter ($1.15M). Over the past 5 years the exports of Honduras to Turkey have increased at an annualized rate of 28.6%, from $3.57M in 2018 to $12.5M in 2023.

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

Turkey-Honduras Trade: In 2023, Turkey exported $48.9M to Honduras. The main products that Turkey exported to Honduras were Iron Blocks ($5.91M), Other Firearms ($2.44M), and Hot-Rolled Iron Bars ($2.05M). Over the past 5 years the exports of Turkey to Honduras have increased at an annualized rate of 4.43%, from $39.4M in 2018 to $48.9M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $12.5M to Turkey. The main products exported from Honduras to Turkey were Textile Scraps ($5.68M), Coffee ($2.78M), and Synthetic Coloring Matter ($1.15M). During the last 5 years the exports of Honduras to Turkey have increased at an annualized rate of 28.6%, from $3.57M in 2018 to $12.5M in 2023.

In 2018, Turkey exported $48.9M to Honduras. The main products exported from Turkey to Honduras were Iron Blocks ($5.91M), Other Firearms ($2.44M), and Hot-Rolled Iron Bars ($2.05M). During the last 5 years the exports of Turkey to Honduras have increased at an annualized rate of 4.43%, from $39.4M in 2023 to $48.9M in 2018.

Exports from Honduras () to Turkey () (2023)

Exports from Turkey () to Honduras () (2023)

Latest Data

Trade between Honduras () and Turkey ()

Honduras Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Honduras included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

Difference in imports from Turkey () and Honduras () (2023)

Comparative Advantage Honduras - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Turkey in the exports of Textiles ($6.29M), Vegetable Products ($2.93M), and Chemical Products ($1.2M).

During 2018, Turkey had a large net trade with Honduras in the exports of Metals ($12.1M), Textiles ($8.74M), and Machines ($8.61M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Turkey+$3.62MCoffee

Top Product Potential Turkey Honduras+$1.63MRefined 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 Turkey. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Honduras.

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Turkey () (2023)

Exports from Turkey () to Honduras () (2023)

Latest Data

Trade between Honduras () and Turkey ()

Honduras Exports

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Honduras () (2023)

Comparative Advantage Honduras - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Turkey () (2023)

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