Finland (FIN) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Finland-Honduras Trade: In 2022, Finland exported $2.48M to Honduras. The main products that Finland exported to Honduras were Kaolin Coated Paper ($784k), Other Uncoated Paper ($394k), and Electrical Transformers ($243k). Over the past 5 years the exports of Finland to Honduras have decreased at an annualized rate of 12.3%, from $4.78M in 2017 to $2.48M in 2022.

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

Honduras-Finland Trade: In 2022, Honduras exported $35.1M to Finland. The main products that Honduras exported to Finland were Coffee ($34M), Knit T-shirts ($487k), and Melons ($244k). Over the past 5 years the exports of Honduras to Finland have increased at an annualized rate of 7.9%, from $20.6M in 2017 to $35.1M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $2.48M to Honduras. The main products exported from Finland to Honduras were Kaolin Coated Paper ($784k), Other Uncoated Paper ($394k), and Electrical Transformers ($243k). During the last 5 years the exports of Finland to Honduras have decreased at an annualized rate of 12.3%, from $4.78M in 2017 to $2.48M in 2022.

In 2017, Honduras exported $35.1M to Finland. The main products exported from Honduras to Finland were Coffee ($34M), Knit T-shirts ($487k), and Melons ($244k). During the last 5 years the exports of Honduras to Finland have increased at an annualized rate of 7.9%, from $20.6M in 2022 to $35.1M in 2017.

Exports from Finland () to Honduras () (2022)

Exports from Honduras () to Finland () (2022)

Latest Data

Trade between Finland () and Honduras ()

Finland Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Finland than Honduras included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

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

Difference in imports from Honduras () and Finland () (2022)

Comparative Advantage Finland - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Honduras in the exports of Paper Goods ($1.18M), Machines ($1.05M), and Instruments ($99.9k).

During 2017, Honduras had a large net trade with Finland in the exports of Vegetable Products ($34.4M), Textiles ($678k), and Machines ($27.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Honduras+$511kKaolin Coated Paper

Top Product Potential Honduras Finland+$1.07MKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Honduras () (2022)

Exports from Honduras () to Finland () (2022)

Latest Data

Trade between Finland () and Honduras ()

Finland Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Finland () (2022)

Comparative Advantage Finland - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Honduras () (2022)

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