Ghana (GHA) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Ghana-Honduras Trade: In 2023, Ghana exported $92.7k to Honduras. The main products that Ghana exported to Honduras were Processed Cereals ($89.6k), Chocolate ($1.64k), and Knit Sweaters ($963). Over the past 6 years the exports of Ghana to Honduras have increased at an annualized rate of 119%, from $836 in 2017 to $92.7k in 2023.

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

Honduras-Ghana Trade: In 2023, Honduras exported $21.1k to Ghana. The main products that Honduras exported to Ghana were Poultry Meat ($18.7k), Rolled Tobacco ($1.54k), and Iron Pipe Fittings ($849). Over the past 6 years the exports of Honduras to Ghana have decreased at an annualized rate of 1.49%, from $23.4k in 2017 to $21.1k in 2023.

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

Comparison: In 2023, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $92.7k to Honduras. The main products exported from Ghana to Honduras were Processed Cereals ($89.6k), Chocolate ($1.64k), and Knit Sweaters ($963). During the last 6 years the exports of Ghana to Honduras have increased at an annualized rate of 119%, from $836 in 2017 to $92.7k in 2023.

In 2018, Honduras exported $21.1k to Ghana. The main products exported from Honduras to Ghana were Poultry Meat ($18.7k), Rolled Tobacco ($1.54k), and Iron Pipe Fittings ($849). During the last 5 years the exports of Honduras to Ghana have decreased at an annualized rate of 1.49%, from $23.4k in 2023 to $21.1k in 2018.

Exports from Ghana () to Honduras () (2023)

Exports from Honduras () to Ghana () (2023)

Latest Data

Trade between Ghana () and Honduras ()

Ghana Exports

Date

Sep 2019

Aug 2019

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Ghana than Honduras included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Honduras than Ghana included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

Difference in imports from Honduras () and Ghana () (2023)

Comparative Advantage Ghana - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Honduras in the exports of Vegetable Products ($89.6k), Foodstuffs ($1.64k), and Textiles ($1.11k).

During 2018, Honduras had a large net trade with Ghana in the exports of Animal Products ($18.7k), Foodstuffs ($1.54k), and Metals ($849).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Honduras+$3kRefined Petroleum

Top Product Potential Honduras Ghana+$3.1kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Honduras () (2023)

Exports from Honduras () to Ghana () (2023)

Latest Data

Trade between Ghana () and Honduras ()

Ghana Exports

Market Competitiveness

Difference in imports from Honduras () and Ghana () (2023)

Comparative Advantage Ghana - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Honduras () (2023)

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