2022
Flag  
GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
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About

United States-Honduras Trade: In 2022, United States exported $7.54B to Honduras. The main products that United States exported to Honduras were Refined Petroleum ($2.11B), Non-Retail Pure Cotton Yarn ($710M), and Non-Retail Synthetic Staple Fibers Yarn ($516M). Over the past 5 years the exports of United States to Honduras have increased at an annualized rate of 9.36%, from $4.82B in 2017 to $7.54B in 2022.

In 2017, United States exported services to Honduras worth $1.24B, with Travel ($626M), Transportation ($308M), and Financial services ($86M) being the largest in terms of value.

Honduras-United States Trade: In 2022, Honduras exported $6.31B to United States. The main products that Honduras exported to United States were Knit Sweaters ($1.24B), Knit T-shirts ($1.12B), and Insulated Wire ($853M). Over the past 5 years the exports of Honduras to United States have increased at an annualized rate of 6.28%,  from $4.38B in 2017 to $6.31B in 2022.

In 2022, Honduras did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Company data: In 2023, leading companies such as Dole Fresh Fruit (14.5k), Halyard Health (1.27k), and Gildan Activewear (646) were at the forefront of exporting goods from Honduras to the United States. Conversely, Ci Tecnicas Baltime De Colombia S.a (3.6k), Compania Agropecuaria El Porvenir S (2.02k), and Agricola Santa Ines S.a. (1.65k) were notable for importing products to Honduras from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $7.54B to Honduras. The main products exported from United States to Honduras were Refined Petroleum ($2.11B), Non-Retail Pure Cotton Yarn ($710M), and Non-Retail Synthetic Staple Fibers Yarn ($516M). During the last 5 years the exports of United States to Honduras have increased at an annualized rate of 9.36%, from $4.82B in 2017 to $7.54B in 2022.

In 2017, Honduras exported $6.31B to United States. The main products exported from Honduras to United States were Knit Sweaters ($1.24B), Knit T-shirts ($1.12B), and Insulated Wire ($853M). During the last 5 years the exports of Honduras to United States have increased at an annualized rate of 6.28%, from $4.38B in 2022 to $6.31B in 2017.

Exports from United States (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Honduras
Top Destination
United States$6.31B

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

In 2022, countries that imported more from United States than Honduras included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Honduras than from United States.

Difference in imports from Honduras (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Honduras

Flow
Scale

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

During 2022, United States had a large net trade with Honduras in the exports of Mineral Products ($2.52B), Textiles ($1.79B), and Machines ($782M).

During 2017, Honduras had a large net trade with United States in the exports of Textiles ($3.47B), Vegetable Products ($950M), and Machines ($916M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Honduras+$11.4MVaccines, blood, antisera, toxins and cultures
Top Product Potential Honduras United States+$155MInsulated 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

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

Product Space of United States (Flag) and Honduras (Flag) (2022)

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