Gambia (GMB) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Gambia-Honduras Trade: In 2023, Gambia exported $71 to Honduras. The main products that Gambia exported to Honduras were Trunks and Cases ($58), Motor vehicles; parts and accessories (8701 to 8705) ($8), and Iron Fasteners ($5). Over the past 6 years the exports of Gambia to Honduras have decreased at an annualized rate of 35.3%, from $965 in 2017 to $71 in 2023.

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

Honduras-Gambia Trade: In 2023, Honduras exported $460k to Gambia. The main products that Honduras exported to Gambia were N/A. Over the past 6 years the exports of Honduras to Gambia have increased at an annualized rate of 157%, from $4.09k in 2017 to $460k in 2023.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. 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, Gambia exported $71 to Honduras. The main products exported from Gambia to Honduras were Trunks and Cases ($58), Motor vehicles; parts and accessories (8701 to 8705) ($8), and Iron Fasteners ($5). During the last 6 years the exports of Gambia to Honduras have decreased at an annualized rate of 35.3%, from $965 in 2017 to $71 in 2023.

In 2014, Honduras exported $460k to Gambia. There were not main exports from Honduras to Gambia in 2014. During the last 5 years the exports of Honduras to Gambia have increased at an annualized rate of 157%, from $4.09k in 2019 to $460k in 2014.

Exports from Gambia () to Honduras () (2023)

Exports from Honduras () to Gambia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Gambia than Honduras included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Greece ($25.2M).

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

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

Comparative Advantage Gambia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with Honduras in the exports of Animal Hides ($58), Transportation ($8), and Metals ($5).

During 2014, Honduras had a large net trade with Gambia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Honduras+$1.24kRefined Petroleum

Top Product Potential Honduras Gambia+$1.68kPalm Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Honduras () (2023)

Exports from Honduras () to Gambia () (2023)

Market Competitiveness

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

Comparative Advantage Gambia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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