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Pricing

2022
Flag → Flag
Exports $40.8kRnk 105 / 124
2022
Flag → Flag
Top Product $38.1kCoffee
2022
Flag → Flag
Exports $98.4MRnk 95 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Honduras-Azerbaijan Trade: In 2022, Honduras exported $40.8k to Azerbaijan. The main products that Honduras exported to Azerbaijan were Coffee ($38.1k), Rolled Tobacco ($1.9k), and Electrical Lighting and Signalling Equipment ($623). Over the past 5 years the exports of Honduras to Azerbaijan have increased at an annualized rate of 11%, from $24.3k in 2017 to $40.8k in 2022.

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

Azerbaijan-Honduras In N/A, Azerbaijan did not export any products to Honduras.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $40.8k to Azerbaijan. The main products exported from Honduras to Azerbaijan were Coffee ($38.1k), Rolled Tobacco ($1.9k), and Electrical Lighting and Signalling Equipment ($623). During the last 5 years the exports of Honduras to Azerbaijan have increased at an annualized rate of 11%, from $24.3k in 2017 to $40.8k in 2022.

Azerbaijan does not register exports to Honduras.

Exports from Honduras (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Honduras (Flag) (2022)

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Honduras included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Azerbaijan

Flow
Scale

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

During 2022, Honduras had a large net trade with Azerbaijan in the exports of Vegetable Products ($38.1k), Foodstuffs ($1.9k), and Machines ($732).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Azerbaijan+$88.5kCoffee
Top Product Potential Azerbaijan Honduras+$4.56kPetroleum Gas

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

Product Space of Honduras (Flag) and Azerbaijan (Flag) (2022)

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