Honduras (HND) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Honduras-Uruguay Trade: In 2023, Honduras exported $227k to Uruguay. The main products that Honduras exported to Uruguay were Aluminium Housewares ($71.9k), Knit T-shirts ($71k), and Coffee ($38.3k). Over the past 5 years the exports of Honduras to Uruguay have decreased at an annualized rate of 35.5%, from $2.03M in 2018 to $227k in 2023.

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

Uruguay-Honduras Trade: In 2023, Uruguay exported $75.6M to Honduras. The main products that Uruguay exported to Honduras were Scented Mixtures ($51.5M), Other Edible Preparations ($21.4M), and Packaged Medicaments ($2.29M). Over the past 5 years the exports of Uruguay to Honduras have increased at an annualized rate of 7.86%, from $51.8M in 2018 to $75.6M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $227k to Uruguay. The main products exported from Honduras to Uruguay were Aluminium Housewares ($71.9k), Knit T-shirts ($71k), and Coffee ($38.3k). During the last 5 years the exports of Honduras to Uruguay have decreased at an annualized rate of 35.5%, from $2.03M in 2018 to $227k in 2023.

In 2018, Uruguay exported $75.6M to Honduras. The main products exported from Uruguay to Honduras were Scented Mixtures ($51.5M), Other Edible Preparations ($21.4M), and Packaged Medicaments ($2.29M). During the last 5 years the exports of Uruguay to Honduras have increased at an annualized rate of 7.86%, from $51.8M in 2023 to $75.6M in 2018.

Exports from Honduras () to Uruguay () (2023)

Exports from Uruguay () to Honduras () (2023)

Latest Data

Trade between Honduras () and Uruguay ()

Honduras Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Honduras than Uruguay included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

In 2023, countries that imported more from Uruguay than Honduras included China ($2.34B), Brazil ($1.92B), and Argentina ($569M).

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

Comparative Advantage Honduras - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Uruguay in the exports of Metals ($74k), Textiles ($73.6k), and Vegetable Products ($38.4k).

During 2018, Uruguay had a large net trade with Honduras in the exports of Chemical Products ($53.9M), Foodstuffs ($21.5M), and Textiles ($155k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Uruguay+$351kKnit T-shirts

Top Product Potential Uruguay Honduras+$291kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Uruguay () (2023)

Exports from Uruguay () to Honduras () (2023)

Latest Data

Trade between Honduras () and Uruguay ()

Honduras Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Honduras - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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