2022
Flag  
GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC 
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186

About

Honduras-Brazil Trade: In 2022, Honduras exported $29.2M to Brazil. The main products that Honduras exported to Brazil were Scrap Aluminium ($12.8M), Insulated Wire ($4.45M), and Scrap Copper ($3.5M). Over the past 5 years the exports of Honduras to Brazil have increased at an annualized rate of 13.4%, from $15.5M in 2017 to $29.2M in 2022.

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

Brazil-Honduras Trade: In 2022, Brazil exported $214M to Honduras. The main products that Brazil exported to Honduras were Rice ($19.8M), Large Construction Vehicles ($19.2M), and Unglazed Ceramics ($15.4M). Over the past 5 years the exports of Brazil to Honduras have increased at an annualized rate of 11.4%,  from $125M in 2017 to $214M in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $29.2M to Brazil. The main products exported from Honduras to Brazil were Scrap Aluminium ($12.8M), Insulated Wire ($4.45M), and Scrap Copper ($3.5M). During the last 5 years the exports of Honduras to Brazil have increased at an annualized rate of 13.4%, from $15.5M in 2017 to $29.2M in 2022.

In 2017, Brazil exported $214M to Honduras. The main products exported from Brazil to Honduras were Rice ($19.8M), Large Construction Vehicles ($19.2M), and Unglazed Ceramics ($15.4M). During the last 5 years the exports of Brazil to Honduras have increased at an annualized rate of 11.4%, from $125M in 2022 to $214M in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Brazil (Flag)

Honduras Exports

Brazil Exports

Market Competitiveness

Color
Honduras
Top Destination
United States$6.31B
Brazil
Top Destination
China$90.1B

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 2022, countries that imported more from Honduras than Brazil included Nicaragua ($1.02B) and El Salvador ($940M).

In 2022, countries that imported more from Brazil than Honduras included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Honduras - Brazil

Flow
Scale

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

During 2022, Honduras had a large net trade with Brazil in the exports of Metals ($16.3M), Textiles ($6.17M), and Machines ($5.22M).

During 2017, Brazil had a large net trade with Honduras in the exports of Machines ($63M), Vegetable Products ($41.3M), and Transportation ($20.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

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

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