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Pricing

2023
Flag → Flag
Exports $2.26MRnk 98 / 159
2023
Flag → Flag
Top Product $1.16MPerfume Plants
2023
Flag → Flag
Exports $14.8kRnk 123 / 142
2023
Flag → Flag
Top Product $4.47kLiquid Pumps
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Nigeria-Honduras Trade: In 2023, Nigeria exported $2.26M to Honduras. The main products that Nigeria exported to Honduras were Perfume Plants ($1.16M), Cut Flowers ($1.04M), and Ethylene Polymers ($22.2k). Over the past 5 years the exports of Nigeria to Honduras have increased at an annualized rate of 46.4%, from $336k in 2018 to $2.26M in 2023.

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

Honduras-Nigeria Trade: In 2023, Honduras exported $14.8k to Nigeria. The main products that Honduras exported to Nigeria were Liquid Pumps ($4.47k), Rolled Tobacco ($4.28k), and Machinery Having Individual Functions ($1.11k). Over the past 5 years the exports of Honduras to Nigeria have decreased at an annualized rate of 14.8%,  from $32.9k in 2018 to $14.8k in 2023.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). 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, Nigeria exported $2.26M to Honduras. The main products exported from Nigeria to Honduras were Perfume Plants ($1.16M), Cut Flowers ($1.04M), and Ethylene Polymers ($22.2k). During the last 5 years the exports of Nigeria to Honduras have increased at an annualized rate of 46.4%, from $336k in 2018 to $2.26M in 2023.

In 2018, Honduras exported $14.8k to Nigeria. The main products exported from Honduras to Nigeria were Liquid Pumps ($4.47k), Rolled Tobacco ($4.28k), and Machinery Having Individual Functions ($1.11k). During the last 5 years the exports of Honduras to Nigeria have decreased at an annualized rate of 14.8%, from $32.9k in 2023 to $14.8k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Honduras (Flag)

Honduras Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Nigeria than Honduras included Spain ($5.76B), France ($4.76B), and Netherlands ($4.35B).

In 2023, countries that imported more from Honduras than Nigeria included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

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

Comparative Advantage Nigeria - Honduras

Flow
Scale

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

During 2023, Nigeria had a large net trade with Honduras in the exports of Vegetable Products ($2.2M), Stone And Glass ($32.5k), and Plastics and Rubbers ($22.8k).

During 2018, Honduras had a large net trade with Nigeria in the exports of Machines ($7.79k), Foodstuffs ($5.08k), and Textiles ($1.09k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Honduras+$22.4kCut Flowers
Top Product Potential Honduras Nigeria+$121kCars

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 Nigeria and Honduras. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Nigeria.

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

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