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Pricing

2022
Flag → Flag
Exports $24.7MRnk 66 / 170
2022
Flag → Flag
Top Product $5.18MAnimal Food
2022
Flag → Flag
Exports $865kRnk 66 / 124
2022
Flag → Flag
Top Product $205kKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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 $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Ecuador-Honduras Trade: In 2022, Ecuador exported $24.7M to Honduras. The main products that Ecuador exported to Honduras were Animal Food ($5.18M), Raw Plastic Sheeting ($4.29M), and Animal Meal and Pellets ($1.71M). Over the past 5 years the exports of Ecuador to Honduras have increased at an annualized rate of 0.89%, from $23.6M in 2017 to $24.7M in 2022.

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

Honduras-Ecuador Trade: In 2022, Honduras exported $865k to Ecuador. The main products that Honduras exported to Ecuador were Knit T-shirts ($205k), Other live plants, cuttings and slips; mushroom spawn ($165k), and Paper Labels ($96k). Over the past 5 years the exports of Honduras to Ecuador have decreased at an annualized rate of 47%,  from $20.8M in 2017 to $865k in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

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 2022, Ecuador exported $24.7M to Honduras. The main products exported from Ecuador to Honduras were Animal Food ($5.18M), Raw Plastic Sheeting ($4.29M), and Animal Meal and Pellets ($1.71M). During the last 5 years the exports of Ecuador to Honduras have increased at an annualized rate of 0.89%, from $23.6M in 2017 to $24.7M in 2022.

In 2017, Honduras exported $865k to Ecuador. The main products exported from Honduras to Ecuador were Knit T-shirts ($205k), Other live plants, cuttings and slips; mushroom spawn ($165k), and Paper Labels ($96k). During the last 5 years the exports of Honduras to Ecuador have decreased at an annualized rate of 47%, from $20.8M in 2022 to $865k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Honduras
Top DestinationUnited States$6.31B

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 2022, countries that imported more from Ecuador than Honduras included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

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

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 2022, Ecuador had a large net trade with Honduras in the exports of Foodstuffs ($8.94M), Plastics and Rubbers ($4.67M), and Chemical Products ($2.43M).

During 2017, Honduras had a large net trade with Ecuador in the exports of Textiles ($339k), Vegetable Products ($165k), and Paper Goods ($100k).

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) (2022)

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