Flag Nicaragua / Honduras Flag

2020
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Exports
: $190M, Rnk 4 / 140

2020
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Top Product
: $66.7M, Knit T-shirts

2020
FlagFlag
Exports
: $460M, Rnk 4 / 121

2020
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Top Product
: $183M, Knit T-shirts

2020
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Economic Complexity (ECI)
: ECI -1.1, Rnk 107 / 127

2020
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Economic Complexity (ECI)
: ECI -0.72, Rnk 94 / 127

2020
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GDP
: $12.6B, CURRENT US$
Rnk 134 / 204

2010-2020
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GDP GROWTH
: 43.7%, CURRENT US$
Rnk 69 / 204

2020
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 GDP
: $23.8B, CURRENT US$
Rnk 108 / 204

2010-2020
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GDP GROWTH
: 50.4%, CURRENT US$
Rnk 56 / 204

2020
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GDP PC 
: $1,900, CURRENT US$
Rnk 159 / 204

2010-2020
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GDP PC GROWTH
: 26.3%, CURRENT US$
Rnk 75 / 204

2020
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GDP PC
: $2,406, CURRENT US$
Rnk 151 / 204

2010-2020
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GDP PC GROWTH
: 26.3%, CURRENT US$
Rnk 76 / 204

Nicaragua-Honduras In 2020, Nicaragua exported $190M to Honduras. The main products that Nicaragua exported to Honduras are Knit T-shirts ($66.7M), Dried Legumes ($13M), and Other Cloth Articles ($12.1M). During the last 25 years the exports of Nicaragua to Honduras have increased at an annualized rate of 10.5%, from $15.8M in 1995 to $190M in 2020.

In 2020, Nicaragua did not export any services to Honduras.

Honduras-Nicaragua In 2020, Honduras exported $460M to Nicaragua. The main products that Honduras exported to Nicaragua were Knit T-shirts ($183M), Light Rubberized Knitted Fabric ($38M), and Animal Food ($22.5M). During the last 25 years the exports of Honduras to Nicaragua have increased at an annualized rate of 11.6%, from $29.3M in 1995 to $460M in 2020.

In 2020, Honduras did not export any services to Nicaragua.

Comparison In 2020,  Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.1), and 109 in total exports ($5.46B). That same year, Honduras ranked 94 in the Economic Complexity Index (ECI -0.72), and 95 in total exports ($8.06B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Nicaragua exported $190M to Honduras. The main products exported from Nicaragua to Honduras were Knit T-shirts ($66.7M), Dried Legumes ($13M), and Other Cloth Articles ($12.1M). During the last 25 years the exports of Nicaragua to Honduras have increased at an annualized rate of 10.5%, from $15.8M in 1995 to $190M in 2020.

In 2020, Honduras exported $460M to Nicaragua. The main products exported from Honduras to Nicaragua were Knit T-shirts ($183M), Light Rubberized Knitted Fabric ($38M), and Animal Food ($22.5M). During the last 25 years the exports of Honduras to Nicaragua have increased at an annualized rate of 11.6%, from $29.3M in 1995 to $460M in 2020.

Nicaragua Exports

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Honduras Exports

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Market Competitiveness

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Measure

Nicaragua
Top Destination
: United States, $3.17B

Honduras
Top Destination
: United States, $3.97B

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

In 2019, countries that imported more from Nicaragua than Honduras were Mexico ($402M), Switzerland ($122M), and Costa Rica ($155M).

In 2019, countries that imported more from Honduras than Nicaragua were United States ($3.97B), Guatemala ($478M), and El Salvador ($658M).

Comparative Advantage Nicaragua - Honduras

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Flow

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

During 2020, Nicaragua had a large net trade with Honduras in the exports of Textiles ($109M), Vegetable Products ($29.3M), and Foodstuffs ($25.7M).

During 2020, Honduras had a large net trade with Nicaragua in the exports of Textiles ($270M), Foodstuffs ($71.7M), and Chemical Products ($27.9M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Honduras. Similarly, the more yellow a dot/product is, the more Honduras has comparative advantage over Nicaragua.