Costa Rica (CRI) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Costa Rica-Honduras Trade: In 2023, Costa Rica exported $575M to Honduras. The main products that Costa Rica exported to Honduras were Other Edible Preparations ($121M), Insulated Wire ($55.9M), and Raw Iron Bars ($36M). Over the past 5 years the exports of Costa Rica to Honduras have increased at an annualized rate of 8.96%, from $374M in 2018 to $575M in 2023.

In 2023, Costa Rica did not export any services to Honduras.

Honduras-Costa Rica Trade: In 2023, Honduras exported $189M to Costa Rica. The main products that Honduras exported to Costa Rica were Paper Containers ($27.5M), Coffee ($23.8M), and Animal Food ($15.9M). Over the past 5 years the exports of Honduras to Costa Rica have increased at an annualized rate of 6%, from $112M in 2018 to $189M in 2023.

In 2023, Honduras did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). 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, Costa Rica exported $575M to Honduras. The main products exported from Costa Rica to Honduras were Other Edible Preparations ($121M), Insulated Wire ($55.9M), and Raw Iron Bars ($36M). During the last 5 years the exports of Costa Rica to Honduras have increased at an annualized rate of 8.96%, from $374M in 2018 to $575M in 2023.

In 2018, Honduras exported $189M to Costa Rica. The main products exported from Honduras to Costa Rica were Paper Containers ($27.5M), Coffee ($23.8M), and Animal Food ($15.9M). During the last 5 years the exports of Honduras to Costa Rica have increased at an annualized rate of 6%, from $112M in 2023 to $189M in 2018.

Exports from Costa Rica () to Honduras () (2023)

Exports from Honduras () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Honduras ()

Costa Rica Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Costa Rica than Honduras included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

In 2023, countries that imported more from Honduras than Costa Rica included El Salvador ($796M), Nicaragua ($980M), and Sweden ($57.4M).

Difference in imports from Honduras () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Honduras in the exports of Foodstuffs ($210M), Chemical Products ($99.5M), and Machines ($68.6M).

During 2018, Honduras had a large net trade with Costa Rica in the exports of Foodstuffs ($53.1M), Paper Goods ($35.8M), and Vegetable Products ($26.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Honduras+$2.32MMedical Instruments

Top Product Potential Honduras Costa Rica+$1.54MCoffee

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

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Honduras () (2023)

Exports from Honduras () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Honduras ()

Costa Rica Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Honduras () (2023)

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