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2023
Flag → Flag
Exports $5.88MRnk 89 / 200
2023
Flag → Flag
Top Product $2.07MCinnamon
2023
Flag → Flag
Exports $236kRnk 100 / 142
2023
Flag → Flag
Top Product $228kPlastic Lids
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Sri Lanka-Honduras Trade: In 2023, Sri Lanka exported $5.88M to Honduras. The main products that Sri Lanka exported to Honduras were Cinnamon ($2.07M), Coconut and Other Vegetable Fibers ($1.51M), and Documents of title (bonds etc) and unused stamps ($620k). Over the past 5 years the exports of Sri Lanka to Honduras have increased at an annualized rate of 12%, from $3.34M in 2018 to $5.88M in 2023.

In 2023, Sri Lanka did not export any services to Honduras.

Honduras-Sri Lanka Trade: In 2023, Honduras exported $236k to Sri Lanka. The main products that Honduras exported to Sri Lanka were Plastic Lids ($228k), Ink ($3.35k), and Transmissions ($1.77k). Over the past 5 years the exports of Honduras to Sri Lanka have increased at an annualized rate of 121%,  from $4.5k in 2018 to $236k in 2023.

In 2023, Honduras did not export any services to Sri Lanka.

Comparison: In 2023,  Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). 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
Value

In 2023, Sri Lanka exported $5.88M to Honduras. The main products exported from Sri Lanka to Honduras were Cinnamon ($2.07M), Coconut and Other Vegetable Fibers ($1.51M), and Documents of title (bonds etc) and unused stamps ($620k). During the last 5 years the exports of Sri Lanka to Honduras have increased at an annualized rate of 12%, from $3.34M in 2018 to $5.88M in 2023.

In 2018, Honduras exported $236k to Sri Lanka. The main products exported from Honduras to Sri Lanka were Plastic Lids ($228k), Ink ($3.35k), and Transmissions ($1.77k). During the last 5 years the exports of Honduras to Sri Lanka have increased at an annualized rate of 121%, from $4.5k in 2023 to $236k in 2018.

Exports from Sri Lanka (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and Honduras (Flag)

Sri Lanka Exports

Date

Honduras Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Sri Lanka than Honduras included India ($991M), United Kingdom ($900M), and Germany ($906M).

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

Difference in imports from Honduras (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Honduras

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Honduras in the exports of Textiles ($2.38M), Vegetable Products ($2.09M), and Plastics and Rubbers ($701k).

During 2018, Honduras had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($228k), Chemical Products ($3.35k), and Machines ($1.79k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Honduras+$2.67kKnit T-shirts
Top Product Potential Honduras Sri Lanka+$2.63kInsulated 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

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

Product Space of Sri Lanka (Flag) and Honduras (Flag) (2023)

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