Libya (LBY) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Libya-Honduras Trade: In 2019, Libya exported $81 to Honduras. The main products that Libya exported to Honduras were N/A. Over the past 14 years the exports of Libya to Honduras have decreased at an annualized rate of 39.6%, from $94.8k in 2005 to $81 in 2019.

In 2019, Libya did not export any services to Honduras.

Honduras-Libya Trade: In 2019, Honduras exported $27.7k to Libya. The main products that Honduras exported to Libya were N/A. Over the past 14 years the exports of Honduras to Libya have decreased at an annualized rate of 49%, from $803k in 2005 to $27.7k in 2019.

In 2019, Honduras did not export any services to Libya.

Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). 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 2019, Libya exported $81 to Honduras. There were not main exports from Libya to Honduras in 2019. During the last 14 years the exports of Libya to Honduras have decreased at an annualized rate of 39.6%, from $94.8k in 2005 to $81 in 2019.

In 2009, Honduras exported $27.7k to Libya. There were not main exports from Honduras to Libya in 2009. During the last 5 years the exports of Honduras to Libya have decreased at an annualized rate of 49%, from $803k in 2014 to $27.7k in 2009.

Exports from Libya () to Honduras () (2019)

Exports from Honduras () to Libya () (2019)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Libya than Honduras included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

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

Comparative Advantage Libya - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Libya had a large net trade with Honduras in the exports of .

During 2009, Honduras had a large net trade with Libya in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Honduras+$3.37kPetroleum Gas

Top Product Potential Honduras Libya+$2.93kInsulated 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 Libya and Honduras. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Libya.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Honduras () (2019)

Exports from Honduras () to Libya () (2019)

Market Competitiveness

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

Comparative Advantage Libya - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Honduras () (2019)

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