2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH
86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH
55.3%CURRENT US$
Rnk 38 / 195

About

Brazil-Honduras Trade: In 2023, Brazil exported $258M to Honduras. The main products that Brazil exported to Honduras were Large Construction Vehicles ($31.5M), Delivery Trucks ($21.7M), and Fruit Juice ($12.3M). Over the past 5 years the exports of Brazil to Honduras have increased at an annualized rate of 12.7%, from $142M in 2018 to $258M in 2023.

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

Honduras-Brazil Trade: In 2023, Honduras exported $26.6M to Brazil. The main products that Honduras exported to Brazil were Scrap Aluminium ($7.35M), Insulated Wire ($5.31M), and Scrap Copper ($3.44M). Over the past 5 years the exports of Honduras to Brazil have increased at an annualized rate of 5.85%,  from $17.8M in 2018 to $26.6M in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). 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, Brazil exported $258M to Honduras. The main products exported from Brazil to Honduras were Large Construction Vehicles ($31.5M), Delivery Trucks ($21.7M), and Fruit Juice ($12.3M). During the last 5 years the exports of Brazil to Honduras have increased at an annualized rate of 12.7%, from $142M in 2018 to $258M in 2023.

In 2018, Honduras exported $26.6M to Brazil. The main products exported from Honduras to Brazil were Scrap Aluminium ($7.35M), Insulated Wire ($5.31M), and Scrap Copper ($3.44M). During the last 5 years the exports of Honduras to Brazil have increased at an annualized rate of 5.85%, from $17.8M in 2023 to $26.6M in 2018.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Honduras
Top Destination
United States$5.87B

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

In 2023, countries that imported more from Brazil than Honduras included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Honduras than Brazil included Nicaragua ($980M), El Salvador ($796M), and North Korea ($980k).

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

Comparative Advantage Brazil - Honduras

Flow
Scale

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

During 2023, Brazil had a large net trade with Honduras in the exports of Machines ($95.8M), Transportation ($42.5M), and Chemical Products ($25.4M).

During 2018, Honduras had a large net trade with Brazil in the exports of Metals ($11.1M), Machines ($6.35M), and Textiles ($4.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Honduras+$9.1MCorn
Top Product Potential Honduras Brazil+$7.63MInsulated 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 Brazil and Honduras. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Brazil.

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

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