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2023
Flag → Flag
Exports $78.9MRnk 41 / 174
2023
Flag → Flag
Top Product $58.2MRefined Petroleum
2023
Flag → Flag
Exports $28.9MRnk 28 / 142
2023
Flag → Flag
Top Product $8.25MCoffee
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Ecuador-Honduras Trade: In 2023, Ecuador exported $78.9M to Honduras. The main products that Ecuador exported to Honduras were Refined Petroleum ($58.2M), Animal Food ($5.07M), and Iron Stovetops ($2.72M). Over the past 5 years the exports of Ecuador to Honduras have decreased at an annualized rate of 0.6%, from $81.3M in 2018 to $78.9M in 2023.

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

Honduras-Ecuador Trade: In 2023, Honduras exported $28.9M to Ecuador. The main products that Honduras exported to Ecuador were Coffee ($8.25M), Industrial Fatty Acids, Oils and Alcohols ($6.72M), and Raw Lead ($3.36M). Over the past 5 years the exports of Honduras to Ecuador have increased at an annualized rate of 20.5%,  from $11.3M in 2018 to $28.9M in 2023.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.89M and imported $215k from Honduras, resulting in a positive trade balance of $1.68M. Between December 2020 and December 2021 the exports of Ecuador have increased by $299k (18.8%) from $1.59M to $1.89M, while imports increased by $193k (883%) from $21.8k to $215k.

Trade In December 2021, the top exports of Ecuador to Honduras were Animal Food ($332k), Raw Plastic Sheeting ($252k), Iron Stovetops ($209k), Peptones ($82.9k), and Cyclic Alcohols ($73.9k). In December 2021 the top imports of Ecuador from Honduras were Other live plants, cuttings and slips; mushroom... ($125k), Felt or Coated Fabric Garments ($38.6k), Other Plastic Products ($7.68k), and Commodities not elsewhere specified ($5.27k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.86M), Quito ($23.3k), and Guayaquil-Aéreo ($10.2k), while imports destinations were mainly Guayaquil-Aéreo ($161k), Guayaquil-Marítimo ($36.9k), Huaquillas ($10.9k), and Quito ($5.52k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Honduras was explained primarily by an increase in product exports in Iron Stovetops ($107k or 106%), Raw Plastic Sheeting ($78k or 44.7%), and Animal Food ($66.1k or 24.9%). In December 2021, the increase in Ecuador's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Other live plants, cuttings and slips; mushroom... ($56k or 80.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$299k(18.8%)
IMPORT GROWTH (December 2020 - December 2021)$193k(883%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$1.86M

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $78.9M to Honduras. The main products exported from Ecuador to Honduras were Refined Petroleum ($58.2M), Animal Food ($5.07M), and Iron Stovetops ($2.72M). During the last 5 years the exports of Ecuador to Honduras have decreased at an annualized rate of 0.6%, from $81.3M in 2018 to $78.9M in 2023.

In 2018, Honduras exported $28.9M to Ecuador. The main products exported from Honduras to Ecuador were Coffee ($8.25M), Industrial Fatty Acids, Oils and Alcohols ($6.72M), and Raw Lead ($3.36M). During the last 5 years the exports of Honduras to Ecuador have increased at an annualized rate of 20.5%, from $11.3M in 2023 to $28.9M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Ecuador than Honduras included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

In 2023, countries that imported more from Honduras than Ecuador included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

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

Comparative Advantage Ecuador - Honduras

Flow
Scale

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

During 2023, Ecuador had a large net trade with Honduras in the exports of Mineral Products ($58.3M), Foodstuffs ($7.64M), and Metals ($4.19M).

During 2018, Honduras had a large net trade with Ecuador in the exports of Metals ($9.41M), Vegetable Products ($8.25M), and Chemical Products ($7.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Honduras+$5.13kRefined Petroleum
Top Product Potential Honduras Ecuador+$3.77kInsulated 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 Ecuador and Honduras. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Ecuador.

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

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