Nepal (NPL) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Nepal-Honduras Trade: In 2023, Nepal exported $9 to Honduras. The main products that Nepal exported to Honduras were Party Decorations ($9). Over the past 6 years the exports of Nepal to Honduras have decreased at an annualized rate of 60.4%, from $2.32k in 2017 to $9 in 2023.

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

Honduras-Nepal Trade: In 2023, Honduras exported $6.07k to Nepal. The main products that Honduras exported to Nepal were N/A. Over the past 6 years the exports of Honduras to Nepal have increased at an annualized rate of 4.37%, from $4.9k in 2017 to $6.07k in 2023.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $9 to Honduras. The main products exported from Nepal to Honduras were Party Decorations ($9). During the last 6 years the exports of Nepal to Honduras have decreased at an annualized rate of 60.4%, from $2.32k in 2017 to $9 in 2023.

In 2017, Honduras exported $6.07k to Nepal. There were not main exports from Honduras to Nepal in 2017. During the last 5 years the exports of Honduras to Nepal have increased at an annualized rate of 4.37%, from $4.9k in 2022 to $6.07k in 2017.

Exports from Nepal () to Honduras () (2023)

Exports from Honduras () to Nepal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Nepal than Honduras included India ($811M), Singapore ($5.71M), and Pakistan ($2.01M).

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

Difference in imports from Honduras () and Nepal () (2023)

Comparative Advantage Nepal - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Honduras in the exports of Miscellaneous ($9).

During 2017, Honduras had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Honduras+$2.36kNon-Retail Synthetic Staple Fibers Yarn

Top Product Potential Honduras Nepal+$25.1kKnit T-shirts

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Honduras () (2023)

Exports from Honduras () to Nepal () (2023)

Market Competitiveness

Difference in imports from Honduras () and Nepal () (2023)

Comparative Advantage Nepal - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Honduras () (2023)

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