Uruguay (URY) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Uruguay-Honduras Trade: In 2022, Uruguay exported $1.64M to Honduras. The main products that Uruguay exported to Honduras were Packaged Medicaments ($1.06M), Pesticides ($293k), and Knit Men's Undergarments ($185k). Over the past 5 years the exports of Uruguay to Honduras have decreased at an annualized rate of 48.9%, from $47M in 2017 to $1.64M in 2022.

In 2022, Uruguay did not export any services to Honduras.

Honduras-Uruguay Trade: In 2022, Honduras exported $323k to Uruguay. The main products that Honduras exported to Uruguay were Knit T-shirts ($155k), Recovered Paper ($116k), and Coffee ($21.4k). Over the past 5 years the exports of Honduras to Uruguay have decreased at an annualized rate of 15.6%, from $1.26M in 2017 to $323k in 2022.

In 2022, Honduras did not export any services to Uruguay.

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $1.64M to Honduras. The main products exported from Uruguay to Honduras were Packaged Medicaments ($1.06M), Pesticides ($293k), and Knit Men's Undergarments ($185k). During the last 5 years the exports of Uruguay to Honduras have decreased at an annualized rate of 48.9%, from $47M in 2017 to $1.64M in 2022.

In 2017, Honduras exported $323k to Uruguay. The main products exported from Honduras to Uruguay were Knit T-shirts ($155k), Recovered Paper ($116k), and Coffee ($21.4k). During the last 5 years the exports of Honduras to Uruguay have decreased at an annualized rate of 15.6%, from $1.26M in 2022 to $323k in 2017.

Exports from Uruguay () to Honduras () (2022)

Exports from Honduras () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Honduras ()

Uruguay Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Uruguay than Honduras included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Difference in imports from Honduras () and Uruguay () (2022)

Comparative Advantage Uruguay - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Honduras in the exports of Chemical Products ($1.35M), Textiles ($236k), and Animal and Vegetable Bi-Products ($33.8k).

During 2017, Honduras had a large net trade with Uruguay in the exports of Textiles ($168k), Paper Goods ($116k), and Vegetable Products ($21.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Honduras+$291kPackaged Medicaments

Top Product Potential Honduras Uruguay+$351kKnit 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Honduras () (2022)

Exports from Honduras () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Honduras ()

Uruguay Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Uruguay () (2022)

Comparative Advantage Uruguay - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Honduras () (2022)

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