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Pricing

2022
Flag → Flag
Exports $40.5MRnk 130 / 224
2022
Flag → Flag
Top Product $28.2MRefined Petroleum
2022
Flag → Flag
Exports $181MRnk 10 / 124
2022
Flag → Flag
Top Product $48MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

United Kingdom-Honduras Trade: In 2022, United Kingdom exported $40.5M to Honduras. The main products that United Kingdom exported to Honduras were Refined Petroleum ($28.2M), Acrylic Polymers ($1.29M), and Office Machine Parts ($1.02M). Over the past 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 13.8%, from $21.2M in 2017 to $40.5M in 2022.

In 2022, United Kingdom did not export any services to Honduras.

Honduras-United Kingdom Trade: In 2022, Honduras exported $181M to United Kingdom. The main products that Honduras exported to United Kingdom were Coffee ($48M), Crustaceans ($33.7M), and Processed Crustaceans ($26.5M). Over the past 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 3.74%,  from $151M in 2017 to $181M in 2022.

In 2022, Honduras did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £717k and imported £10.3M from Honduras, resulting in a negative trade balance of £9.62M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £34.7k (5.09%) from £683k to £717k, while imports decreased by £-3.19M (-23.6%) from £13.5M to £10.3M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from Manchester Airport (£257k), London Gateway (£232k), Southampton (£95.9k), East Midlands Airport (£74.7k), and London Heathrow Airport (£52.9k), while imports destinations were mainly London Gateway (£4.63M), Southampton (£3.04M), London Heathrow Airport (£1.74M), and Liverpool (£348k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Honduras was explained primarily by an increase in product exports in Industrial Printers (£47.2k or 220%), Commodities not elsewhere specified (£15.4k or 78.7%), and Tensile Testing Machines (£5.56k or 407%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Processed Crustaceans (£-2.16M or -79%), Knit Sweaters (£-601k or -68.3%), and Cassava (£-246k or -43.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£34.7k(5.09%)
IMPORT GROWTH (August 2023 - August 2024)£-3.19M(-23.6%)
MAIN EXPORTER (August 2024)Manchester Airport£257k

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 2022, United Kingdom exported $40.5M to Honduras. The main products exported from United Kingdom to Honduras were Refined Petroleum ($28.2M), Acrylic Polymers ($1.29M), and Office Machine Parts ($1.02M). During the last 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 13.8%, from $21.2M in 2017 to $40.5M in 2022.

In 2017, Honduras exported $181M to United Kingdom. The main products exported from Honduras to United Kingdom were Coffee ($48M), Crustaceans ($33.7M), and Processed Crustaceans ($26.5M). During the last 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 3.74%, from $151M in 2022 to $181M in 2017.

Exports from United Kingdom (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Honduras
Top DestinationUnited States$6.31B

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 2022, countries that imported more from United Kingdom than Honduras included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Honduras (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Honduras in the exports of Mineral Products ($28.2M), Machines ($3.41M), and Plastics and Rubbers ($1.96M).

During 2017, Honduras had a large net trade with United Kingdom in the exports of Vegetable Products ($79.3M), Foodstuffs ($37.3M), and Animal Products ($33.7M).

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) (2022)

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