Laos (LAO) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Laos-Honduras Trade: In 2023, Laos exported $110k to Honduras. The main products that Laos exported to Honduras were Optical Fibers and optical fibre bundles ($78.4k), Rubber Footwear ($15.3k), and Video Recording Equipment ($12.3k). Over the past 6 years the exports of Laos to Honduras have increased at an annualized rate of 121%, from $937 in 2017 to $110k in 2023.

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

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

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

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). 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, Laos exported $110k to Honduras. The main products exported from Laos to Honduras were Optical Fibers and optical fibre bundles ($78.4k), Rubber Footwear ($15.3k), and Video Recording Equipment ($12.3k). During the last 6 years the exports of Laos to Honduras have increased at an annualized rate of 121%, from $937 in 2017 to $110k in 2023.

Honduras does not register exports to Laos.

Exports from Laos () to Honduras () (2023)

Exports from Honduras () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Laos than Honduras included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

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

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

Comparative Advantage Laos - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Honduras in the exports of Instruments ($78.4k), Footwear and Headwear ($18.7k), and Machines ($13.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Honduras+$2.04kElectricity

Top Product Potential Honduras Laos+$2.4kInsulated 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Honduras () (2023)

Exports from Honduras () to Laos () (2023)

Market Competitiveness

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

Comparative Advantage Laos - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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