Thailand (THA) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Thailand-Honduras Trade: In 2023, Thailand exported $211M to Honduras. The main products that Thailand exported to Honduras were Delivery Trucks ($142M), Cars ($15.4M), and Rubber Tires ($5.78M). Over the past 5 years the exports of Thailand to Honduras have increased at an annualized rate of 18.8%, from $89.2M in 2018 to $211M in 2023.

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

Honduras-Thailand Trade: In 2023, Honduras exported $5.95M to Thailand. The main products that Honduras exported to Thailand were Scrap Iron ($2.5M), Rolled Tobacco ($601k), and Insulated Wire ($505k). Over the past 5 years the exports of Honduras to Thailand have decreased at an annualized rate of 19%, from $17M in 2018 to $5.95M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $211M to Honduras. The main products exported from Thailand to Honduras were Delivery Trucks ($142M), Cars ($15.4M), and Rubber Tires ($5.78M). During the last 5 years the exports of Thailand to Honduras have increased at an annualized rate of 18.8%, from $89.2M in 2018 to $211M in 2023.

In 2018, Honduras exported $5.95M to Thailand. The main products exported from Honduras to Thailand were Scrap Iron ($2.5M), Rolled Tobacco ($601k), and Insulated Wire ($505k). During the last 5 years the exports of Honduras to Thailand have decreased at an annualized rate of 19%, from $17M in 2023 to $5.95M in 2018.

Exports from Thailand () to Honduras () (2023)

Exports from Honduras () to Thailand () (2023)

Latest Data

Trade between Thailand () and Honduras ()

Thailand Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Thailand than Honduras included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Difference in imports from Honduras () and Thailand () (2023)

Comparative Advantage Thailand - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Honduras in the exports of Transportation ($161M), Machines ($19.7M), and Plastics and Rubbers ($9.59M).

During 2018, Honduras had a large net trade with Thailand in the exports of Metals ($3.12M), Textiles ($707k), and Foodstuffs ($613k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Honduras+$5.07MCars

Top Product Potential Honduras Thailand+$1.84MInsulated 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Thailand () to Honduras () (2023)

Exports from Honduras () to Thailand () (2023)

Latest Data

Trade between Thailand () and Honduras ()

Thailand Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Thailand () (2023)

Comparative Advantage Thailand - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Honduras () (2023)

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