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2023
Flag → Flag
Exports $14.3MRnk 7 / 127
2023
Flag → Flag
Top Product $14.1MRolled Tobacco
2023
Flag → Flag
Exports $8.36MRnk 41 / 142
2023
Flag → Flag
Top Product $2.05MPlastic Lids
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Belize-Honduras Trade: In 2023, Belize exported $14.3M to Honduras. The main products that Belize exported to Honduras were Rolled Tobacco ($14.1M), Sauces and Seasonings ($54.1k), and Fruit Juice ($45.9k). Over the past 5 years the exports of Belize to Honduras have increased at an annualized rate of 22.2%, from $5.23M in 2018 to $14.3M in 2023.

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

Honduras-Belize Trade: In 2023, Honduras exported $8.36M to Belize. The main products that Honduras exported to Belize were Plastic Lids ($2.05M), Sawn Wood ($1.12M), and Animal Food ($1.01M). Over the past 5 years the exports of Honduras to Belize have decreased at an annualized rate of 18.5%,  from $23.2M in 2018 to $8.36M in 2023.

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

Comparison In 2023,  Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Belize exported $14.3M to Honduras. The main products exported from Belize to Honduras were Rolled Tobacco ($14.1M), Sauces and Seasonings ($54.1k), and Fruit Juice ($45.9k). During the last 5 years the exports of Belize to Honduras have increased at an annualized rate of 22.2%, from $5.23M in 2018 to $14.3M in 2023.

In 2018, Honduras exported $8.36M to Belize. The main products exported from Honduras to Belize were Plastic Lids ($2.05M), Sawn Wood ($1.12M), and Animal Food ($1.01M). During the last 5 years the exports of Honduras to Belize have decreased at an annualized rate of 18.5%, from $23.2M in 2023 to $8.36M in 2018.

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

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

Latest Data

Trade between Belize (Flag) and Honduras (Flag)

Belize Exports

Honduras Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Belize than Honduras included Cote d'Ivoire ($13.6M), Trinidad and Tobago ($15.5M), and Portugal ($18.5M).

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

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

Comparative Advantage Belize - Honduras

Flow
Scale

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

During 2023, Belize had a large net trade with Honduras in the exports of Foodstuffs ($14.2M), Machines ($6.68k), and Plastics and Rubbers ($6.36k).

During 2018, Honduras had a large net trade with Belize in the exports of Plastics and Rubbers ($2.28M), Foodstuffs ($1.45M), and Wood Products ($1.15M).

Economic Complexity

Competitive Landscape

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

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

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