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2023
Flag → Flag
Exports $5.87BRnk 1 / 142
2023
Flag → Flag
Top Product $1.02BInsulated Wire
2023
Flag → Flag
Exports $6.14BRnk 43 / 220
2023
Flag → Flag
Top Product $2.23BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
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GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $3,232CURRENT US$
Rnk 141 / 195
2013-2023
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GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Honduras-United States Trade: In 2023, Honduras exported $5.87B to United States. The main products that Honduras exported to United States were Insulated Wire ($1.02B), Knit Sweaters ($921M), and Knit T-shirts ($824M). Over the past 5 years the exports of Honduras to United States have increased at an annualized rate of 3.79%, from $4.87B in 2018 to $5.87B in 2023.

In 2023, Honduras did not export any services to United States.

United States-Honduras Trade: In 2023, United States exported $6.14B to Honduras. The main products that United States exported to Honduras were Refined Petroleum ($2.23B), Non-Retail Pure Cotton Yarn ($490M), and Non-Retail Synthetic Staple Fibers Yarn ($358M). Over the past 5 years the exports of United States to Honduras have increased at an annualized rate of 6.9%,  from $4.4B in 2018 to $6.14B in 2023.

In 2017, United States exported services to Honduras worth $1.24B, with Travel ($626M), Transportation ($308M), and Financial services ($86M) being the largest in terms of value.

Comparison: In 2023,  Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Honduras exported $5.87B to United States. The main products exported from Honduras to United States were Insulated Wire ($1.02B), Knit Sweaters ($921M), and Knit T-shirts ($824M). During the last 5 years the exports of Honduras to United States have increased at an annualized rate of 3.79%, from $4.87B in 2018 to $5.87B in 2023.

In 2018, United States exported $6.14B to Honduras. The main products exported from United States to Honduras were Refined Petroleum ($2.23B), Non-Retail Pure Cotton Yarn ($490M), and Non-Retail Synthetic Staple Fibers Yarn ($358M). During the last 5 years the exports of United States to Honduras have increased at an annualized rate of 6.9%, from $4.4B in 2023 to $6.14B in 2018.

Exports from Honduras (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Honduras (Flag) (2023)

Latest Data

Trade between Honduras (Flag) and United States (Flag)

Honduras Exports

United States Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$5.87B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Honduras than United States included North Korea ($980k).

In 2023, countries that imported more from United States than Honduras included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Honduras (Flag) (2023)

Comparative Advantage Honduras - United States

Flow
Scale

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

During 2023, Honduras had a large net trade with United States in the exports of Textiles ($2.63B), Machines ($1.12B), and Vegetable Products ($1.06B).

During 2018, United States had a large net trade with Honduras in the exports of Mineral Products ($2.33B), Textiles ($1.11B), and Foodstuffs ($552M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras United States+$155MInsulated Wire
Top Product Potential United States Honduras+$11.4MVaccines, blood, antisera, toxins and cultures

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

Product Space of Honduras (Flag) and United States (Flag) (2023)

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