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2023
Flag → Flag
Exports $152MRnk 99 / 220
2023
Flag → Flag
Top Product $28.6MPackaged Medicaments
2023
Flag → Flag
Exports $126MRnk 13 / 142
2023
Flag → Flag
Top Product $55.7MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
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GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Spain-Honduras Trade: In 2023, Spain exported $152M to Honduras. The main products that Spain exported to Honduras were Packaged Medicaments ($28.6M), Other Edible Preparations ($8.41M), and Unglazed Ceramics ($4.18M). Over the past 5 years the exports of Spain to Honduras have increased at an annualized rate of 5.11%, from $118M in 2018 to $152M in 2023.

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

Honduras-Spain Trade: In 2023, Honduras exported $126M to Spain. The main products that Honduras exported to Spain were Palm Oil ($55.7M), Coffee ($28.2M), and Coconut Oil ($19M). Over the past 5 years the exports of Honduras to Spain have decreased at an annualized rate of 1.64%,  from $137M in 2018 to $126M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €8.69M and imported €6.22M from Honduras, resulting in a positive trade balance of €2.47M. Between November 2023 and November 2024 the exports of Spain have decreased by €-792k (-8.36%) from €9.48M to €8.69M, while imports decreased by €-13.6M (-68.7%) from €19.8M to €6.22M.

Trade In November 2024, the top exports of Spain to Honduras were Non-Knit Women's Suits (€301k), Commodities not elsewhere specified (€263k), Unglazed Ceramics (€202k), Processed Synthetic Staple Fibers (€182k), and Washing and Bottling Machines (€176k). In November 2024 the top imports of Spain from Honduras were Palm Oil (€3.66M), Coconut Oil (€1.55M), Processed Crustaceans (€1.42M), Coffee (€835k), and Other Vegetables (€616k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€1.52M), Madrid (€1.3M), Valencia (€724k), Baleares (€533k), and Navarra (€507k), while imports destinations were mainly Barcelona (€3.23M), Madrid (€586k), Burgos (€431k), Alicante (€406k), and Valencia (€254k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Unglazed Ceramics (€-502k or -71.3%), Hair Products (€-190k or -95.5%), and Washing and Bottling Machines (€-125k or -41.5%). In November 2024, the decrease in Spain's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Coffee (€-1.04M or -55.4%), Perfume Plants (€-125k or -98.2%), and Textile Scraps (€-26.3k or -7.44%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-792k(-8.36%)
IMPORT GROWTH (November 2023 - November 2024)€-13.6M(-68.7%)
MAIN EXPORTER (November 2024)Barcelona€1.52M

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $152M to Honduras. The main products exported from Spain to Honduras were Packaged Medicaments ($28.6M), Other Edible Preparations ($8.41M), and Unglazed Ceramics ($4.18M). During the last 5 years the exports of Spain to Honduras have increased at an annualized rate of 5.11%, from $118M in 2018 to $152M in 2023.

In 2018, Honduras exported $126M to Spain. The main products exported from Honduras to Spain were Palm Oil ($55.7M), Coffee ($28.2M), and Coconut Oil ($19M). During the last 5 years the exports of Honduras to Spain have decreased at an annualized rate of 1.64%, from $137M in 2023 to $126M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Spain than Honduras included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Honduras

Flow
Scale

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

During 2023, Spain had a large net trade with Honduras in the exports of Chemical Products ($51.2M), Machines ($32.1M), and Foodstuffs ($19.1M).

During 2018, Honduras had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($76.1M), Vegetable Products ($34.4M), and Textiles ($6.55M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Honduras+$3.99MRefined Petroleum
Top Product Potential Honduras Spain+$14.5MCoffee

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

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

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