Honduras (HND) and Brazil (BRA) Trade | The Observatory of Economic Complexity

About

Honduras-Brazil Trade: In 2023, Honduras exported $26.6M to Brazil. The main products that Honduras exported to Brazil were Scrap Aluminium ($7.35M), Insulated Wire ($5.31M), and Scrap Copper ($3.44M). Over the past 5 years the exports of Honduras to Brazil have increased at an annualized rate of 8.29%, from $17.8M in 2018 to $26.6M in 2023.

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

Brazil-Honduras Trade: In 2023, Brazil exported $258M to Honduras. The main products that Brazil exported to Honduras were Large Construction Vehicles ($31.5M), Delivery Trucks ($21.7M), and Fruit Juice ($12.3M). Over the past 5 years the exports of Brazil to Honduras have increased at an annualized rate of 12.7%, from $142M in 2018 to $258M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $26.6M to Brazil. The main products exported from Honduras to Brazil were Scrap Aluminium ($7.35M), Insulated Wire ($5.31M), and Scrap Copper ($3.44M). During the last 5 years the exports of Honduras to Brazil have increased at an annualized rate of 8.29%, from $17.8M in 2018 to $26.6M in 2023.

In 2018, Brazil exported $258M to Honduras. The main products exported from Brazil to Honduras were Large Construction Vehicles ($31.5M), Delivery Trucks ($21.7M), and Fruit Juice ($12.3M). During the last 5 years the exports of Brazil to Honduras have increased at an annualized rate of 12.7%, from $142M in 2023 to $258M in 2018.

Exports from Honduras () to Brazil () (2023)

Exports from Brazil () to Honduras () (2023)

Latest Data

Trade between Honduras () and Brazil ()

Honduras Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Honduras than Brazil included Nicaragua ($980M), El Salvador ($796M), and North Korea ($980k).

In 2023, countries that imported more from Brazil than Honduras included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Honduras - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Brazil in the exports of Metals ($11.1M), Machines ($6.35M), and Textiles ($4.71M).

During 2018, Brazil had a large net trade with Honduras in the exports of Machines ($95.8M), Transportation ($42.5M), and Chemical Products ($25.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Brazil+$7.63MInsulated Wire

Top Product Potential Brazil Honduras+$9.1MCorn

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Honduras and Brazil. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Honduras.

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Brazil () (2023)

Exports from Brazil () to Honduras () (2023)

Latest Data

Trade between Honduras () and Brazil ()

Honduras Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Honduras - Brazil

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring