2023
Flag
 GDP
$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH
86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC
$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH
55.3%CURRENT US$
Rnk 38 / 195

About

North Korea-Honduras Trade: In 2023, North Korea exported $119k to Honduras. The main products that North Korea exported to Honduras were Cars ($39.3k), Tractors ($18.8k), and Pesticides ($17.4k). Over the past 8 years the exports of North Korea to Honduras have decreased at an annualized rate of 36.1%, from $4.27M in 2015 to $119k in 2023.

In 2023, North Korea did not export any services to Honduras.

Honduras-North Korea Trade: In 2023, Honduras exported $980k to North Korea. The main products that Honduras exported to North Korea were Coffee ($975k), Rolled Tobacco ($2.6k), and Packing Bags ($1.85k). Over the past 8 years the exports of Honduras to North Korea have decreased at an annualized rate of 29.4%,  from $5.6M in 2015 to $980k in 2023.

In 2023, Honduras did not export any services to North Korea.

Comparison In 2023,  North Korea ranked 172 in total exports ($397M), 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
Value

In 2023, North Korea exported $119k to Honduras. The main products exported from North Korea to Honduras were Cars ($39.3k), Tractors ($18.8k), and Pesticides ($17.4k). During the last 8 years the exports of North Korea to Honduras have decreased at an annualized rate of 36.1%, from $4.27M in 2015 to $119k in 2023.

In 2018, Honduras exported $980k to North Korea. The main products exported from Honduras to North Korea were Coffee ($975k), Rolled Tobacco ($2.6k), and Packing Bags ($1.85k). During the last 5 years the exports of Honduras to North Korea have decreased at an annualized rate of 29.4%, from $5.6M in 2023 to $980k in 2018.

Exports from North Korea (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to North Korea (Flag) (2023)

Latest Data

Trade between North Korea (Flag) and Honduras (Flag)

Honduras Exports

Market Competitiveness

Color
North Korea
Top Destination
China$292M
Honduras
Top Destination
United States$5.87B

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

In 2023, countries that imported more from North Korea than Honduras included China ($292M), Senegal ($10.3M), and Angola ($10.2M).

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

Difference in imports from Honduras (Flag) and North Korea (Flag) (2023)

Comparative Advantage North Korea - Honduras

Flow
Scale

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

During 2023, North Korea had a large net trade with Honduras in the exports of Transportation ($60.3k), Chemical Products ($32.1k), and Metals ($10.6k).

During 2018, Honduras had a large net trade with North Korea in the exports of Vegetable Products ($975k), Foodstuffs ($2.6k), and Textiles ($1.85k).

Economic Complexity

Competitive Landscape

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

Product Space of North Korea (Flag) and Honduras (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with