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Pricing

2022
Flag → Flag
Exports $120MRnk 103 / 218
2022
Flag → Flag
Top Product $7.55MUnglazed Ceramics
2022
Flag → Flag
Exports $77.7MRnk 18 / 124
2022
Flag → Flag
Top Product $23.2MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Spain-Honduras Trade: In 2022, Spain exported $120M to Honduras. The main products that Spain exported to Honduras were Unglazed Ceramics ($7.55M), Non-Knit Women's Suits ($6.01M), and Vaccines, blood, antisera, toxins and cultures ($5.58M). Over the past 5 years the exports of Spain to Honduras have decreased at an annualized rate of 1.53%, from $130M in 2017 to $120M in 2022.

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

Honduras-Spain Trade: In 2022, Honduras exported $77.7M to Spain. The main products that Honduras exported to Spain were Coffee ($23.2M), Palm Oil ($20.8M), and Coconut Oil ($7.39M). Over the past 5 years the exports of Honduras to Spain have decreased at an annualized rate of 3.38%,  from $92.3M in 2017 to $77.7M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €7.07M and imported €4.56M from Honduras, resulting in a positive trade balance of €2.5M. Between September 2023 and September 2024 the exports of Spain have decreased by €-742k (-9.5%) from €7.81M to €7.07M, while imports decreased by €-8.69M (-65.5%) from €13.2M to €4.56M.

Trade In September 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 September 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 September 2024 the exports of Spain were mainly from Barcelona (€1.23M), Castellón (€827k), Valencia (€782k), Madrid (€625k), and Sevilla (€476k), while imports destinations were mainly Barcelona (€1.97M), Madrid (€655k), Burgos (€299k), Valencia (€282k), and Girona (€228k).

Growth In September 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 September 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 (September 2023 - September 2024)€-742k(-9.5%)
IMPORT GROWTH (September 2023 - September 2024)€-8.69M(-65.5%)
MAIN EXPORTER (September 2024)Barcelona€1.23M

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 2022, Spain exported $120M to Honduras. The main products exported from Spain to Honduras were Unglazed Ceramics ($7.55M), Non-Knit Women's Suits ($6.01M), and Vaccines, blood, antisera, toxins and cultures ($5.58M). During the last 5 years the exports of Spain to Honduras have decreased at an annualized rate of 1.53%, from $130M in 2017 to $120M in 2022.

In 2017, Honduras exported $77.7M to Spain. The main products exported from Honduras to Spain were Coffee ($23.2M), Palm Oil ($20.8M), and Coconut Oil ($7.39M). During the last 5 years the exports of Honduras to Spain have decreased at an annualized rate of 3.38%, from $92.3M in 2022 to $77.7M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Honduras
Top DestinationUnited States$6.31B

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 2022, countries that imported more from Spain than Honduras included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

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 2022, Spain had a large net trade with Honduras in the exports of Machines ($28.3M), Chemical Products ($23.1M), and Textiles ($20.6M).

During 2017, Honduras had a large net trade with Spain in the exports of Vegetable Products ($30.2M), Animal and Vegetable Bi-Products ($28.2M), and Foodstuffs ($7.94M).

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) (2022)

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