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Pricing

2022
Flag → Flag
Exports $35.4MRnk 115 / 215
2022
Flag → Flag
Top Product $7.57MPotassic Fertilizers
2022
Flag → Flag
Exports $372MRnk 7 / 124
2022
Flag → Flag
Top Product $69.8MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Canada-Honduras Trade: In 2022, Canada exported $35.4M to Honduras. The main products that Canada exported to Honduras were Potassic Fertilizers ($7.57M), Pig Meat ($4.2M), and Rubberworking Machinery ($1.41M). Over the past 5 years the exports of Canada to Honduras have decreased at an annualized rate of 4.91%, from $45.5M in 2017 to $35.4M in 2022.

In 2020, Canada exported services to Honduras worth $6.71M, with Travel ($6.71M) being the largest in terms of value.

Honduras-Canada Trade: In 2022, Honduras exported $372M to Canada. The main products that Honduras exported to Canada were Coffee ($69.8M), Knit T-shirts ($58.6M), and Knit Sweaters ($52.4M). Over the past 5 years the exports of Honduras to Canada have increased at an annualized rate of 11.8%,  from $213M in 2017 to $372M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$3.35M and imported C$44.9M from Honduras, resulting in a negative trade balance of C$41.5M. Between September 2023 and September 2024 the exports of Canada have increased by C$1.39M (70.9%) from C$1.96M to C$3.35M, while imports increased by C$3.54M (8.57%) from C$41.3M to C$44.9M.

Trade In September 2024, the top exports of Canada to Honduras were Potassic Fertilizers (C$2.09M), Other Frozen Vegetables (C$296k), Lifting Machinery (C$285k), Oscilloscopes (C$213k), and Pig Meat (C$130k). In September 2024 the top imports of Canada from Honduras were Insulated Wire (C$6.22M), Knit T-shirts (C$5.48M), Bananas (C$5.22M), Coffee (C$4.22M), and Knit Sweaters (C$3.54M).

Origins In September 2024 the exports of Canada were mainly from Quebec (C$1.38M), Ontario (C$794k), New Brunswick (C$566k), Manitoba (C$245k), and British Columbia (C$154k), while imports destinations were mainly Ontario (C$30M), British Columbia (C$8.75M), Quebec (C$3.87M), Manitoba (C$637k), and Alberta (C$602k).

Growth In September 2024, the increase in Canada's year-by-year exports to Honduras was explained primarily by an increase in product exports in Lifting Machinery (C$279k or 4.82k%), Oscilloscopes (C$196k or 1.13k%), and Other Frozen Vegetables (C$150k or 103%). In September 2024, the increase in Canada's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Knit T-shirts (C$1.03M or 23.3%), Melons (C$979k or 38.2%), and Insulated Wire (C$785k or 14.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$1.39M(70.9%)
IMPORT GROWTH (September 2023 - September 2024)C$3.54M(8.57%)
MAIN EXPORTER (September 2024)QuebecC$1.38M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Honduras and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $35.4M to Honduras. The main products exported from Canada to Honduras were Potassic Fertilizers ($7.57M), Pig Meat ($4.2M), and Rubberworking Machinery ($1.41M). During the last 5 years the exports of Canada to Honduras have decreased at an annualized rate of 4.91%, from $45.5M in 2017 to $35.4M in 2022.

In 2017, Honduras exported $372M to Canada. The main products exported from Honduras to Canada were Coffee ($69.8M), Knit T-shirts ($58.6M), and Knit Sweaters ($52.4M). During the last 5 years the exports of Honduras to Canada have increased at an annualized rate of 11.8%, from $213M in 2022 to $372M in 2017.

Exports from Canada (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Canada than Honduras included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Honduras than Canada included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

Difference in imports from Honduras (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Honduras

Flow
Scale

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

During 2022, Canada had a large net trade with Honduras in the exports of Chemical Products ($8.82M), Machines ($7.46M), and Animal Products ($5.17M).

During 2017, Honduras had a large net trade with Canada in the exports of Textiles ($152M), Vegetable Products ($145M), and Machines ($46.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Honduras+$2.79MPotassic Fertilizers
Top Product Potential Honduras Canada+$29.4MInsulated 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 Canada and Honduras. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Honduras (Flag) (2022)

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