Armenia (ARM) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Armenia-Honduras Trade: In 2023, Armenia exported $3.29k to Honduras. The main products that Armenia exported to Honduras were Excavation Machinery ($3.29k). Over the past 6 years the exports of Armenia to Honduras have increased at an annualized rate of 59.6%, from $199 in 2017 to $3.29k in 2023.

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

Honduras-Armenia Trade: In 2023, Honduras exported $392k to Armenia. The main products that Honduras exported to Armenia were Coffee ($367k), Rolled Tobacco ($19.3k), and Knit T-shirts ($1.29k). Over the past 6 years the exports of Honduras to Armenia have increased at an annualized rate of 26.9%, from $119k in 2017 to $392k in 2023.

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

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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, Armenia exported $3.29k to Honduras. The main products exported from Armenia to Honduras were Excavation Machinery ($3.29k). During the last 6 years the exports of Armenia to Honduras have increased at an annualized rate of 59.6%, from $199 in 2017 to $3.29k in 2023.

In 2018, Honduras exported $392k to Armenia. The main products exported from Honduras to Armenia were Coffee ($367k), Rolled Tobacco ($19.3k), and Knit T-shirts ($1.29k). During the last 5 years the exports of Honduras to Armenia have increased at an annualized rate of 26.9%, from $119k in 2023 to $392k in 2018.

Exports from Armenia () to Honduras () (2023)

Exports from Honduras () to Armenia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Armenia than Honduras included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Honduras than Armenia included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

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

Comparative Advantage Armenia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Honduras in the exports of Machines ($3.29k).

During 2018, Honduras had a large net trade with Armenia in the exports of Vegetable Products ($368k), Foodstuffs ($19.3k), and Textiles ($4.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Honduras+$2.06kCars

Top Product Potential Honduras Armenia+$199kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Honduras () (2023)

Exports from Honduras () to Armenia () (2023)

Market Competitiveness

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

Comparative Advantage Armenia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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