2023
Flag  
GDP
$12.7BCURRENT US$
Rnk 143 / 195
2013-2023
Flag
GDP GROWTH
58.3%CURRENT US$
Rnk 58 / 195
2023
Flag
 GDP
$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH
86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC 
$602CURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP PC GROWTH
21.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC
$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH
55.3%CURRENT US$
Rnk 38 / 195

About

Malawi-Honduras Trade: In 2023, Malawi exported $2.24k to Honduras. The main products that Malawi exported to Honduras were Motor vehicles; parts and accessories (8701 to 8705) ($2.24k). Over the past 13 years the exports of Malawi to Honduras have decreased at an annualized rate of 28.4%, from $172k in 2010 to $2.24k in 2023.

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

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

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

Comparison In 2023,  Malawi ranked 163 in total exports ($922M), and does not have data regarding Economic Complexity Index. 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, Malawi exported $2.24k to Honduras. The main products exported from Malawi to Honduras were Motor vehicles; parts and accessories (8701 to 8705) ($2.24k). During the last 13 years the exports of Malawi to Honduras have decreased at an annualized rate of 28.4%, from $172k in 2010 to $2.24k in 2023.

Honduras does not register exports to Malawi.

Exports from Malawi (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Malawi (Flag) (2023)

Latest Data

Trade between Malawi (Flag) and Honduras (Flag)

Malawi Exports

Market Competitiveness

Color
Malawi
Top Destination
Germany$99.1M
Honduras
Top Destination
United States$5.87B

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

In 2023, countries that imported more from Malawi than Honduras included Zimbabwe ($52.4M), South Africa ($48.2M), and Tanzania ($38.2M).

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

Difference in imports from Honduras (Flag) and Malawi (Flag) (2023)

Comparative Advantage Malawi - Honduras

Flow
Scale

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

During 2023, Malawi had a large net trade with Honduras in the exports of Transportation ($2.24k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malawi Honduras+$1.77kRaw Tobacco
Top Product Potential Honduras Malawi+$1.78kInsulated 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 Malawi and Honduras. This means that a dot/product with the flag of Malawi indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Malawi.

Product Space of Malawi (Flag) and Honduras (Flag) (2023)

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