Honduras (HND) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Honduras-Bolivia Trade: In 2023, Honduras exported $369k to Bolivia. The main products that Honduras exported to Bolivia were Knit T-shirts ($216k), Shaped Paper ($37.7k), and Paper Containers ($17.9k). Over the past 5 years the exports of Honduras to Bolivia have decreased at an annualized rate of 27.7%, from $1.87M in 2018 to $369k in 2023.

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

Bolivia-Honduras Trade: In 2023, Bolivia exported $10.9M to Honduras. The main products that Bolivia exported to Honduras were Soybean Oil ($10.4M), Industrial Fatty Acids, Oils and Alcohols ($167k), and Borax ($158k). Over the past 5 years the exports of Bolivia to Honduras have increased at an annualized rate of 54.8%, from $1.23M in 2018 to $10.9M in 2023.

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

Comparison: In 2023, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $369k to Bolivia. The main products exported from Honduras to Bolivia were Knit T-shirts ($216k), Shaped Paper ($37.7k), and Paper Containers ($17.9k). During the last 5 years the exports of Honduras to Bolivia have decreased at an annualized rate of 27.7%, from $1.87M in 2018 to $369k in 2023.

In 2018, Bolivia exported $10.9M to Honduras. The main products exported from Bolivia to Honduras were Soybean Oil ($10.4M), Industrial Fatty Acids, Oils and Alcohols ($167k), and Borax ($158k). During the last 5 years the exports of Bolivia to Honduras have increased at an annualized rate of 54.8%, from $1.23M in 2023 to $10.9M in 2018.

Exports from Honduras () to Bolivia () (2023)

Exports from Bolivia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Bolivia ()

Honduras Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Bolivia
Top DestinationBrazil$1.54B

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

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

In 2023, countries that imported more from Bolivia than Honduras included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

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

Comparative Advantage Honduras - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Bolivia in the exports of Textiles ($269k), Paper Goods ($62.1k), and Chemical Products ($15.7k).

During 2018, Bolivia had a large net trade with Honduras in the exports of Animal and Vegetable Bi-Products ($10.4M), Chemical Products ($182k), and Mineral Products ($158k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Bolivia+$266kKnit T-shirts

Top Product Potential Bolivia Honduras+$50.7kPlastic Lids

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Bolivia () (2023)

Exports from Bolivia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Bolivia ()

Honduras Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Honduras - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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