2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 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 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%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 9.75%,  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).

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 9.75%, 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 Destination
United States$438B
Honduras
Top Destination
United 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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