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Pricing

2020
Flag → Flag
Exports $875Rnk 64 / 0
2020
Flag → Flag
Exports $26MRnk 43 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Somalia-Honduras Trade: In 2020, Somalia exported $875 to Honduras. The main products that Somalia exported to Honduras were N/A. Over the past 5 years the exports of Somalia to Honduras have increased at an annualized rate of 1.73%, from $803 in 2015 to $875 in 2020.

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

Honduras-Somalia In false, Honduras did not export any products to Somalia.

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Somalia exported $875 to Honduras. There were not main exports from Somalia to Honduras in 2020. During the last 5 years the exports of Somalia to Honduras have increased at an annualized rate of 1.73%, from $803 in 2015 to $875 in 2020.

Honduras does not register exports to Somalia.

Exports from Somalia (Flag) to Honduras (Flag) (2020)

Exports from Honduras (Flag) to Somalia (Flag) (2020)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Somalia than Honduras included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

In 2022, countries that imported more from Honduras than Somalia included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

Difference in imports from Honduras (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Honduras

Flow
Scale

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

During 2020, Somalia had a large net trade with Honduras in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Honduras+$1.07kGold
Top Product Potential Honduras Somalia+$2.36kRolled Tobacco

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

Product Space of Somalia (Flag) and Honduras (Flag) (2020)

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