Honduras (HND) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Honduras-Armenia Trade: In 2022, Honduras exported $127k to Armenia. The main products that Honduras exported to Armenia were Coffee ($90.8k), Knit T-shirts ($17.5k), and Rolled Tobacco ($6.99k). Over the past 5 years the exports of Honduras to Armenia have decreased at an annualized rate of 0.5%, from $130k in 2017 to $127k in 2022.

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

Armenia-Honduras Trade: In 2022, Armenia exported $4.91k to Honduras. The main products that Armenia exported to Honduras were N/A. Over the past 5 years the exports of Armenia to Honduras have decreased at an annualized rate of 4.5%, from $6.19k in 2017 to $4.91k in 2022.

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

Comparison: In 2022, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $127k to Armenia. The main products exported from Honduras to Armenia were Coffee ($90.8k), Knit T-shirts ($17.5k), and Rolled Tobacco ($6.99k). During the last 5 years the exports of Honduras to Armenia have decreased at an annualized rate of 0.5%, from $130k in 2017 to $127k in 2022.

In 2016, Armenia exported $4.91k to Honduras. There were not main exports from Armenia to Honduras in 2016. During the last 5 years the exports of Armenia to Honduras have decreased at an annualized rate of 4.5%, from $6.19k in 2021 to $4.91k in 2016.

Exports from Honduras () to Armenia () (2022)

Exports from Armenia () to Honduras () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Honduras than Armenia included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

In 2022, countries that imported more from Armenia than Honduras included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage Honduras - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Armenia in the exports of Vegetable Products ($98.7k), Textiles ($18.4k), and Foodstuffs ($6.99k).

During 2016, Armenia had a large net trade with Honduras 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 Honduras Armenia+$199kCoffee

Top Product Potential Armenia Honduras+$2.06kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Armenia () (2022)

Exports from Armenia () to Honduras () (2022)

Market Competitiveness

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

Comparative Advantage Honduras - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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