Iraq (IRQ) and Honduras (HND) Trade | The Observatory of Economic Complexity

Iraq-Honduras Trade: In 2021, Iraq exported $5.79k to Honduras. The main products that Iraq exported to Honduras were N/A. Over the past 9 years the exports of Iraq to Honduras have decreased at an annualized rate of 21%, from $48.5k in 2012 to $5.79k in 2021.

In 2021, Iraq did not export any services to Honduras.

Honduras-Iraq In N/A, Honduras did not export any products to Iraq.

In 2021, Honduras did not export any services to Iraq.

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Iraq than Honduras included India ($38.8B), China ($34B), and South Korea ($8.21B).

In 2022, countries that imported more from Honduras than Iraq included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

Difference in imports from Honduras () and Iraq () (2022)

Potential Exports

Depth

Section

HS2

HS4

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Top 20

Top 15

Top 10

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Highest Potential

Most Saturated

Section

Top Product Potential Iraq Honduras+$5.86kRefined Petroleum

Top Product Potential Honduras Iraq+$4.08kInsulated Wire

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

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Historical Data

Market Competitiveness

Difference in imports from Honduras () and Iraq () (2022)

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Honduras () (NaN)

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