NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $136MRnk 87 / 142
2023
Flag → Flag
Top Product $33.2MCars
2023
Flag → Flag
Exports $53MRnk 22 / 142
2023
Flag → Flag
Top Product $22.2MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

South Korea-Honduras Trade: In 2023, South Korea exported $136M to Honduras. The main products that South Korea exported to Honduras were Cars ($33.2M), Delivery Trucks ($29.9M), and Buses ($8.43M). Over the past 5 years the exports of South Korea to Honduras have increased at an annualized rate of 1.38%, from $127M in 2018 to $136M in 2023.

In 2023, South Korea did not export any services to Honduras.

Honduras-South Korea Trade: In 2023, Honduras exported $53M to South Korea. The main products that Honduras exported to South Korea were Coffee ($22.2M), Lead Ore ($8.98M), and Precious Metal Ore ($7.41M). Over the past 5 years the exports of Honduras to South Korea have decreased at an annualized rate of 0.084%,  from $53.4M in 2018 to $53M in 2023.

In 2023, Honduras did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $13.1M and imported $1.55M from Honduras, resulting in a positive trade balance of $11.6M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-2.81M (-17.7%) from $15.9M to $13.1M, while imports increased by $352k (29.3%) from $1.2M to $1.55M.

Trade In December 2024, the top exports of South Korea to Honduras were Machinery, mechanical appliances, & parts ($8.65M), Cars, tractors, trucks & parts thereof. ($5.59M), Electrical machinery and electronics ($3.94M), Iron & steel ($1.05M), and Rubber & articles thereof ($291k). In December 2024 the top imports of South Korea from Honduras were Coffee, tea, mate & spices ($917k), Aluminum articles ($702k), Knitted clothing accesories ($476k), Food residues & wastes; animal fodder ($158k), and Electrical machinery and electronics ($144k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Used clothes & textile articles ($-111k or -100%), Iron/Steel Articles ($-100k or -98%), and Organic chemicals ($-28k or -27.7%). In December 2024, the increase in South Korea's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Aluminum articles ($494k or 238%), Coffee, tea, mate & spices ($198k or 27.5%), and Electrical machinery and electronics ($107k or 289%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-2.81M(-17.7%)
IMPORT GROWTH (December 2023 - December 2024)$352k(29.3%)

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

To check Honduras and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $136M to Honduras. The main products exported from South Korea to Honduras were Cars ($33.2M), Delivery Trucks ($29.9M), and Buses ($8.43M). During the last 5 years the exports of South Korea to Honduras have increased at an annualized rate of 1.38%, from $127M in 2018 to $136M in 2023.

In 2018, Honduras exported $53M to South Korea. The main products exported from Honduras to South Korea were Coffee ($22.2M), Lead Ore ($8.98M), and Precious Metal Ore ($7.41M). During the last 5 years the exports of Honduras to South Korea have decreased at an annualized rate of 0.084%, from $53.4M in 2023 to $53M in 2018.

Exports from South Korea (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from South Korea than Honduras included China ($162B), United States ($118B), and Hong Kong ($28.8B).

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

Difference in imports from Honduras (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Honduras

Flow
Scale

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

During 2023, South Korea had a large net trade with Honduras in the exports of Transportation ($75.4M), Machines ($25.5M), and Chemical Products ($11M).

During 2018, Honduras had a large net trade with South Korea in the exports of Vegetable Products ($22.2M), Mineral Products ($22.1M), and Metals ($5.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Honduras+$10.9MCars
Top Product Potential Honduras South Korea+$11.4MCoffee

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Honduras (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms