Honduras (HND) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Honduras-Bulgaria Trade: In 2022, Honduras exported $10.7M to Bulgaria. The main products that Honduras exported to Bulgaria were Raw Sugar ($7.64M), Coffee ($2.91M), and Rolled Tobacco ($144k). Over the past 5 years the exports of Honduras to Bulgaria have increased at an annualized rate of 9.96%, from $6.66M in 2017 to $10.7M in 2022.

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

Bulgaria-Honduras Trade: In 2022, Bulgaria exported $3.56M to Honduras. The main products that Bulgaria exported to Honduras were Integrated Circuits ($2.49M), Rubberworking Machinery ($410k), and Medical Instruments ($264k). Over the past 5 years the exports of Bulgaria to Honduras have increased at an annualized rate of 19.2%, from $1.48M in 2017 to $3.56M in 2022.

In 2022, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $10.7M to Bulgaria. The main products exported from Honduras to Bulgaria were Raw Sugar ($7.64M), Coffee ($2.91M), and Rolled Tobacco ($144k). During the last 5 years the exports of Honduras to Bulgaria have increased at an annualized rate of 9.96%, from $6.66M in 2017 to $10.7M in 2022.

In 2017, Bulgaria exported $3.56M to Honduras. The main products exported from Bulgaria to Honduras were Integrated Circuits ($2.49M), Rubberworking Machinery ($410k), and Medical Instruments ($264k). During the last 5 years the exports of Bulgaria to Honduras have increased at an annualized rate of 19.2%, from $1.48M in 2022 to $3.56M in 2017.

Exports from Honduras () to Bulgaria () (2022)

Exports from Bulgaria () to Honduras () (2022)

Latest Data

Trade between Honduras () and Bulgaria ()

Honduras Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Bulgaria
Top DestinationGermany$6.91B

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

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

In 2022, countries that imported more from Bulgaria than Honduras included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

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

Comparative Advantage Honduras - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Bulgaria in the exports of Foodstuffs ($7.79M), Vegetable Products ($2.91M), and Machines ($5.14k).

During 2017, Bulgaria had a large net trade with Honduras in the exports of Machines ($2.95M), Instruments ($275k), and Stone And Glass ($155k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Bulgaria+$2.03MCoffee

Top Product Potential Bulgaria Honduras+$223kMedical Instruments

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Bulgaria () (2022)

Exports from Bulgaria () to Honduras () (2022)

Latest Data

Trade between Honduras () and Bulgaria ()

Honduras Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Honduras - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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