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2023
Flag → Flag
Exports $22.4kRnk 137 / 157
2023
Flag → Flag
Top Product $20.1kProcessed Fish
2023
Flag → Flag
Exports $808kRnk 78 / 142
2023
Flag → Flag
Top Product $433kCoffee
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Iceland-Honduras Trade: In 2023, Iceland exported $22.4k to Honduras. The main products that Iceland exported to Honduras were Processed Fish ($20.1k), Transmissions ($1.39k), and Hydrometers ($350). Over the past 5 years the exports of Iceland to Honduras have decreased at an annualized rate of 28.2%, from $118k in 2018 to $22.4k in 2023.

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

Honduras-Iceland Trade: In 2023, Honduras exported $808k to Iceland. The main products that Honduras exported to Iceland were Coffee ($433k), Knit Sweaters ($159k), and Melons ($76.9k). Over the past 5 years the exports of Honduras to Iceland have increased at an annualized rate of 16.3%,  from $379k in 2018 to $808k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $22.4k to Honduras. The main products exported from Iceland to Honduras were Processed Fish ($20.1k), Transmissions ($1.39k), and Hydrometers ($350). During the last 5 years the exports of Iceland to Honduras have decreased at an annualized rate of 28.2%, from $118k in 2018 to $22.4k in 2023.

In 2018, Honduras exported $808k to Iceland. The main products exported from Honduras to Iceland were Coffee ($433k), Knit Sweaters ($159k), and Melons ($76.9k). During the last 5 years the exports of Honduras to Iceland have increased at an annualized rate of 16.3%, from $379k in 2023 to $808k in 2018.

Exports from Iceland (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Honduras (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Iceland than Honduras included Netherlands ($1.97B), United Kingdom ($607M), and Norway ($444M).

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

Difference in imports from Honduras (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Honduras

Flow
Scale

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

During 2023, Iceland had a large net trade with Honduras in the exports of Foodstuffs ($20.2k), Machines ($1.69k), and Instruments ($350).

During 2018, Honduras had a large net trade with Iceland in the exports of Vegetable Products ($537k), Textiles ($264k), and Foodstuffs ($4.36k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Honduras. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Iceland.

Product Space of Iceland (Flag) and Honduras (Flag) (2023)

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