2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186

About

Mexico-Honduras Trade: In 2022, Mexico exported $578M to Honduras. The main products that Mexico exported to Honduras were Insulated Wire ($102M), Toilet Paper ($43.9M), and Malt Extract ($29M). Over the past 5 years the exports of Mexico to Honduras have decreased at an annualized rate of 2.9%, from $670M in 2017 to $578M in 2022.

In 2022, Mexico did not export any services to Honduras.

Honduras-Mexico Trade: In 2022, Honduras exported $441M to Mexico. The main products that Honduras exported to Mexico were Insulated Wire ($187M), Knit T-shirts ($84.2M), and Knit Sweaters ($33.6M). Over the past 5 years the exports of Honduras to Mexico have increased at an annualized rate of 10.4%,  from $220M in 2017 to $441M in 2022.

In 2022, Honduras did not export any services to Mexico.

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $578M to Honduras. The main products exported from Mexico to Honduras were Insulated Wire ($102M), Toilet Paper ($43.9M), and Malt Extract ($29M). During the last 5 years the exports of Mexico to Honduras have decreased at an annualized rate of 2.9%, from $670M in 2017 to $578M in 2022.

In 2017, Honduras exported $441M to Mexico. The main products exported from Honduras to Mexico were Insulated Wire ($187M), Knit T-shirts ($84.2M), and Knit Sweaters ($33.6M). During the last 5 years the exports of Honduras to Mexico have increased at an annualized rate of 10.4%, from $220M in 2022 to $441M in 2017.

Exports from Mexico (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and Honduras (Flag)

Mexico Exports

Honduras Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Honduras
Top Destination
United States$6.31B

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

In 2022, countries that imported more from Mexico than Honduras included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Honduras than Mexico included Nicaragua ($1.02B).

Difference in imports from Honduras (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - Honduras

Flow
Scale

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

During 2022, Mexico had a large net trade with Honduras in the exports of Machines ($208M), Chemical Products ($101M), and Foodstuffs ($77.8M).

During 2017, Honduras had a large net trade with Mexico in the exports of Machines ($211M), Textiles ($177M), and Animal and Vegetable Bi-Products ($20.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Honduras+$11.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Honduras Mexico+$70.2MInsulated 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 Mexico and Honduras. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Mexico.

Product Space of Mexico (Flag) and Honduras (Flag) (2022)

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