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2023
Flag → Flag
Exports $140MRnk 111 / 219
2023
Flag → Flag
Top Product $14.8MPackaged Medicaments
2023
Flag → Flag
Exports $147MRnk 12 / 142
2023
Flag → Flag
Top Product $69.5MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Italy-Honduras Trade: In 2023, Italy exported $140M to Honduras. The main products that Italy exported to Honduras were Packaged Medicaments ($14.8M), Other Paper Machinery ($13.4M), and Textile Processing Machines ($9.87M). Over the past 5 years the exports of Italy to Honduras have increased at an annualized rate of 10.6%, from $84.6M in 2018 to $140M in 2023.

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

Honduras-Italy Trade: In 2023, Honduras exported $147M to Italy. The main products that Honduras exported to Italy were Coffee ($69.5M), Palm Oil ($65.2M), and Coconut Oil ($7.44M). Over the past 5 years the exports of Honduras to Italy have increased at an annualized rate of 14.6%,  from $74.5M in 2018 to $147M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

September, 2024

About

Overview In September 2024, Italy exported €1.35M and imported €17.3M from Honduras, resulting in a negative trade balance of €16M. Between September 2023 and September 2024 the exports of Italy have decreased by €-538k (-28.5%) from €1.89M to €1.35M, while imports increased by €13.6M (367%) from €3.71M to €17.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-538k(-28.5%)
IMPORT GROWTH (October 2023 - October 2024)€13.6M(367%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Honduras and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $140M to Honduras. The main products exported from Italy to Honduras were Packaged Medicaments ($14.8M), Other Paper Machinery ($13.4M), and Textile Processing Machines ($9.87M). During the last 5 years the exports of Italy to Honduras have increased at an annualized rate of 10.6%, from $84.6M in 2018 to $140M in 2023.

In 2018, Honduras exported $147M to Italy. The main products exported from Honduras to Italy were Coffee ($69.5M), Palm Oil ($65.2M), and Coconut Oil ($7.44M). During the last 5 years the exports of Honduras to Italy have increased at an annualized rate of 14.6%, from $74.5M in 2023 to $147M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Italy than Honduras included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Honduras

Flow
Scale

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

During 2023, Italy had a large net trade with Honduras in the exports of Machines ($78.9M), Chemical Products ($21.8M), and Plastics and Rubbers ($5.45M).

During 2018, Honduras had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($72.8M), Vegetable Products ($72M), and Textiles ($1.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Honduras+$7.22MRefined Petroleum
Top Product Potential Honduras Italy+$31.1MCoffee

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

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

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