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Pricing

2023
Flag → Flag
Exports $18.5MRnk 77 / 201
2023
Flag → Flag
Top Product $8.83MOffice Machine Parts
2023
Flag → Flag
Exports $3.82MRnk 56 / 142
2023
Flag → Flag
Top Product $3.11MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Philippines-Honduras Trade: In 2023, Philippines exported $18.5M to Honduras. The main products that Philippines exported to Honduras were Office Machine Parts ($8.83M), Electrical Transformers ($2.36M), and Ink ($1.15M). Over the past 5 years the exports of Philippines to Honduras have increased at an annualized rate of 18.4%, from $7.96M in 2018 to $18.5M in 2023.

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

Honduras-Philippines Trade: In 2023, Honduras exported $3.82M to Philippines. The main products that Honduras exported to Philippines were Raw Tobacco ($3.11M), Coffee ($310k), and Insulated Wire ($159k). Over the past 5 years the exports of Honduras to Philippines have increased at an annualized rate of 6.28%,  from $2.82M in 2018 to $3.82M in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $46.9k and imported $9.37k from Honduras, resulting in a positive trade balance of $37.5k. Between July 2023 and July 2024 the exports of Philippines have increased by $36.6k (358%) from $10.2k to $46.9k, while imports decreased by $-12.8k (-57.7%) from $22.1k to $9.37k.

Trade In July 2024, the top exports of Philippines to Honduras were Commodities not elsewhere specified ($7.22k) and Insulated Wire ($3.5k). In July 2024 the top imports of Philippines from Honduras were Coffee ($116k), Knit T-shirts ($17.7k), Other Plastic Products ($499), Insulated Wire ($172), and Commodities not elsewhere specified ($99).

Growth In July 2024, the increase in Philippines's year-by-year exports to Honduras was explained primarily by an increase in product exports in Commodities not elsewhere specified ($2.04k or 39.4%). In July 2024, the decrease in Philippines's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Commodities not elsewhere specified ($-930k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$36.6k(358%)
IMPORT GROWTH (July 2023 - July 2024)$-12.8k(-57.7%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check Honduras and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $18.5M to Honduras. The main products exported from Philippines to Honduras were Office Machine Parts ($8.83M), Electrical Transformers ($2.36M), and Ink ($1.15M). During the last 5 years the exports of Philippines to Honduras have increased at an annualized rate of 18.4%, from $7.96M in 2018 to $18.5M in 2023.

In 2018, Honduras exported $3.82M to Philippines. The main products exported from Honduras to Philippines were Raw Tobacco ($3.11M), Coffee ($310k), and Insulated Wire ($159k). During the last 5 years the exports of Honduras to Philippines have increased at an annualized rate of 6.28%, from $2.82M in 2023 to $3.82M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Philippines than Honduras included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

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

Comparative Advantage Philippines - Honduras

Flow
Scale

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

During 2023, Philippines had a large net trade with Honduras in the exports of Machines ($12.4M), Chemical Products ($1.33M), and Weapons ($911k).

During 2018, Honduras had a large net trade with Philippines in the exports of Foodstuffs ($3.11M), Vegetable Products ($310k), and Machines ($196k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Honduras+$3.77kInsulated Wire
Top Product Potential Honduras Philippines+$5.14kInsulated 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 Philippines and Honduras. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Philippines.

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

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