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2023
Flag → Flag
Exports $36.1MRnk 140 / 223
2023
Flag → Flag
Top Product $7.33MCars
2023
Flag → Flag
Exports $157MRnk 11 / 142
2023
Flag → Flag
Top Product $47.7MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

United Kingdom-Honduras Trade: In 2023, United Kingdom exported $36.1M to Honduras. The main products that United Kingdom exported to Honduras were Cars ($7.33M), Hard Liquor ($5.54M), and Packaged Medicaments ($4.77M). Over the past 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 6.56%, from $26.3M in 2018 to $36.1M in 2023.

In 2023, United Kingdom did not export any services to Honduras.

Honduras-United Kingdom Trade: In 2023, Honduras exported $157M to United Kingdom. The main products that Honduras exported to United Kingdom were Coffee ($47.7M), Crustaceans ($41.6M), and Knit T-shirts ($14.9M). Over the past 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 0.94%,  from $150M in 2018 to $157M in 2023.

In 2023, Honduras did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £2.69M and imported £7.52M from Honduras, resulting in a negative trade balance of £4.83M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £1.35M (101%) from £1.34M to £2.69M, while imports increased by £24.8k (0.33%) from £7.5M to £7.52M.

Trade In November 2024, the top exports of United Kingdom to Honduras were Rubber Pipes (£174k), Large Iron Containers (£147k), Packaged Medicaments (£104k), Industrial Printers (£68.7k), and Refined Petroleum (£49.9k). In November 2024 the top imports of United Kingdom from Honduras were Coffee (£2.47M), Crustaceans (£2.04M), Knit T-shirts (£1.23M), Processed Crustaceans (£575k), and Other Vegetables (£534k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£2.34M), Tyne (£232k), London Heathrow Airport (£57.2k), East Midlands Airport (£36.6k), and Southampton (£18.7k), while imports destinations were mainly Southampton (£3.76M), London Gateway (£1.94M), London Heathrow Airport (£758k), and Liverpool (£131k).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£1.35M(101%)
IMPORT GROWTH (November 2023 - November 2024)£24.8k(0.33%)
MAIN EXPORTER (November 2024)London Gateway£2.34M

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

To check Honduras and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $36.1M to Honduras. The main products exported from United Kingdom to Honduras were Cars ($7.33M), Hard Liquor ($5.54M), and Packaged Medicaments ($4.77M). During the last 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 6.56%, from $26.3M in 2018 to $36.1M in 2023.

In 2018, Honduras exported $157M to United Kingdom. The main products exported from Honduras to United Kingdom were Coffee ($47.7M), Crustaceans ($41.6M), and Knit T-shirts ($14.9M). During the last 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 0.94%, from $150M in 2023 to $157M in 2018.

Exports from United Kingdom (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from United Kingdom than Honduras included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Honduras (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Honduras

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Honduras in the exports of Chemical Products ($8.68M), Transportation ($7.92M), and Foodstuffs ($7.35M).

During 2018, Honduras had a large net trade with United Kingdom in the exports of Vegetable Products ($63.6M), Animal Products ($41.6M), and Foodstuffs ($27.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Honduras+$17.6MRefined Petroleum
Top Product Potential Honduras United Kingdom+$21MKnit 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

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Honduras. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Honduras (Flag) (2023)

Keep Exploring

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