Jamaica (JAM) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Jamaica-Honduras Trade: In 2023, Jamaica exported $298k to Honduras. The main products that Jamaica exported to Honduras were Scrap Plastic ($133k), Computers ($36.6k), and Hard Liquor ($31.1k). Over the past 5 years the exports of Jamaica to Honduras have increased at an annualized rate of 20.2%, from $119k in 2018 to $298k in 2023.

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

Honduras-Jamaica Trade: In 2023, Honduras exported $4.75M to Jamaica. The main products that Honduras exported to Jamaica were Raw Sugar ($1.5M), Sawn Wood ($821k), and Cement ($360k). Over the past 5 years the exports of Honduras to Jamaica have increased at an annualized rate of 1.73%, from $4.36M in 2018 to $4.75M in 2023.

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

Comparison: In 2023, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $298k to Honduras. The main products exported from Jamaica to Honduras were Scrap Plastic ($133k), Computers ($36.6k), and Hard Liquor ($31.1k). During the last 5 years the exports of Jamaica to Honduras have increased at an annualized rate of 20.2%, from $119k in 2018 to $298k in 2023.

In 2018, Honduras exported $4.75M to Jamaica. The main products exported from Honduras to Jamaica were Raw Sugar ($1.5M), Sawn Wood ($821k), and Cement ($360k). During the last 5 years the exports of Honduras to Jamaica have increased at an annualized rate of 1.73%, from $4.36M in 2023 to $4.75M in 2018.

Exports from Jamaica () to Honduras () (2023)

Exports from Honduras () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Honduras ()

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Jamaica than Honduras included Russia ($138M), Latvia ($131M), and Iceland ($127M).

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

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

Comparative Advantage Jamaica - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Honduras in the exports of Plastics and Rubbers ($144k), Machines ($61.5k), and Chemical Products ($38.3k).

During 2018, Honduras had a large net trade with Jamaica in the exports of Foodstuffs ($1.52M), Wood Products ($1.07M), and Machines ($503k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Honduras+$37.9kScrap Plastic

Top Product Potential Honduras Jamaica+$199kPlastic Lids

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Honduras () (2023)

Exports from Honduras () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Honduras ()

Honduras Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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