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2023
Flag → Flag
Exports $29.9MRnk 110 / 216
2023
Flag → Flag
Top Product $14.9MPackaged Medicaments
2023
Flag → Flag
Exports $57.4MRnk 21 / 142
2023
Flag → Flag
Top Product $56.7MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Sweden-Honduras Trade: In 2023, Sweden exported $29.9M to Honduras. The main products that Sweden exported to Honduras were Packaged Medicaments ($14.9M), Kraft Paper ($2.01M), and Other Construction Vehicles ($1.25M). Over the past 5 years the exports of Sweden to Honduras have increased at an annualized rate of 0.31%, from $29.4M in 2018 to $29.9M in 2023.

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

Honduras-Sweden Trade: In 2023, Honduras exported $57.4M to Sweden. The main products that Honduras exported to Sweden were Coffee ($56.7M), Knit T-shirts ($285k), and Rolled Tobacco ($161k). Over the past 5 years the exports of Honduras to Sweden have increased at an annualized rate of 7.7%,  from $34.2M in 2018 to $57.4M in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK3.71M and imported SEK2.99M from Honduras, resulting in a positive trade balance of SEK728k. Between November 2023 and November 2024 the exports of Sweden have decreased by SEK-2.53M (-40.5%) from SEK6.24M to SEK3.71M, while imports increased by SEK1.43M (91.6%) from SEK1.56M to SEK2.99M.

Trade In November 2024, the top exports of Sweden to Honduras were Blank Audio Media (SEK5.94M), Kraft Paper (SEK2.82M), Dairy Machinery (SEK2.61M), Sulfates (SEK2.41M), and Large Construction Vehicles (SEK669k). In November 2024 the top imports of Sweden from Honduras were Coffee (SEK7.68M).

Growth In November 2024, the decrease in Sweden's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Centrifuges (SEK-308k or -87.3%), Plastic Lids (SEK-304k or -46.6%), and Motor-working Tools (SEK-300k or -95.2%). In November 2024, the increase in Sweden's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Coffee (SEK3.71M or 93.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK-2.53M(-40.5%)
IMPORT GROWTH (November 2023 - November 2024)SEK1.43M(91.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $29.9M to Honduras. The main products exported from Sweden to Honduras were Packaged Medicaments ($14.9M), Kraft Paper ($2.01M), and Other Construction Vehicles ($1.25M). During the last 5 years the exports of Sweden to Honduras have increased at an annualized rate of 0.31%, from $29.4M in 2018 to $29.9M in 2023.

In 2018, Honduras exported $57.4M to Sweden. The main products exported from Honduras to Sweden were Coffee ($56.7M), Knit T-shirts ($285k), and Rolled Tobacco ($161k). During the last 5 years the exports of Honduras to Sweden have increased at an annualized rate of 7.7%, from $34.2M in 2023 to $57.4M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Sweden than Honduras included Germany ($18.4B), Denmark ($14.4B), and United States ($18.1B).

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

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

Comparative Advantage Sweden - Honduras

Flow
Scale

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

During 2023, Sweden had a large net trade with Honduras in the exports of Chemical Products ($15.7M), Machines ($8.06M), and Paper Goods ($2.33M).

During 2018, Honduras had a large net trade with Sweden in the exports of Vegetable Products ($56.7M), Textiles ($399k), and Foodstuffs ($161k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Honduras+$1.36MTelephones
Top Product Potential Honduras Sweden+$741kKnit 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

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

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

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