New Zealand (NZL) and Honduras (HND) Trade | The Observatory of Economic Complexity

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New Zealand-Honduras Trade: In 2023, New Zealand exported $3.09M to Honduras. The main products that New Zealand exported to Honduras were Concentrated Milk ($1.89M), Plastic Housewares ($281k), and Sowing Seeds ($275k). Over the past 5 years the exports of New Zealand to Honduras have decreased at an annualized rate of 4.58%, from $3.9M in 2018 to $3.09M in 2023.

In 2023, New Zealand did not export any services to Honduras.

Honduras-New Zealand Trade: In 2023, Honduras exported $8.96M to New Zealand. The main products that Honduras exported to New Zealand were Coffee ($7.79M), Knit T-shirts ($522k), and Knit Sweaters ($315k). Over the past 5 years the exports of Honduras to New Zealand have increased at an annualized rate of 12.5%, from $3.92M in 2018 to $8.96M in 2023.

In 2023, Honduras did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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, New Zealand exported $3.09M to Honduras. The main products exported from New Zealand to Honduras were Concentrated Milk ($1.89M), Plastic Housewares ($281k), and Sowing Seeds ($275k). During the last 5 years the exports of New Zealand to Honduras have decreased at an annualized rate of 4.58%, from $3.9M in 2018 to $3.09M in 2023.

In 2018, Honduras exported $8.96M to New Zealand. The main products exported from Honduras to New Zealand were Coffee ($7.79M), Knit T-shirts ($522k), and Knit Sweaters ($315k). During the last 5 years the exports of Honduras to New Zealand have increased at an annualized rate of 12.5%, from $3.92M in 2023 to $8.96M in 2018.

Exports from New Zealand () to Honduras () (2023)

Exports from Honduras () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Honduras ()

New Zealand Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from New Zealand than Honduras included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

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

Difference in imports from Honduras () and New Zealand () (2023)

Comparative Advantage New Zealand - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Honduras in the exports of Animal Products ($2.05M), Plastics and Rubbers ($317k), and Vegetable Products ($275k).

During 2018, Honduras had a large net trade with New Zealand in the exports of Vegetable Products ($7.82M), Textiles ($1.06M), and Miscellaneous ($33k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Honduras+$938kConcentrated Milk

Top Product Potential Honduras New Zealand+$1.3MCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Honduras () (2023)

Exports from Honduras () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Honduras ()

New Zealand Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and New Zealand () (2023)

Comparative Advantage New Zealand - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Honduras () (2023)

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