Honduras (HND) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Honduras-Canada Trade: In 2023, Honduras exported $423M to Canada. The main products that Honduras exported to Canada were Coffee ($81.2M), Knit T-shirts ($76.6M), and Knit Sweaters ($52M). Over the past 5 years the exports of Honduras to Canada have increased at an annualized rate of 7.32%, from $297M in 2018 to $423M in 2023.

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

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

In 2020, Canada exported services to Honduras worth $6.71M, with Travel ($6.71M) being the largest in terms of value.

Comparison: In 2023, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $423M to Canada. The main products exported from Honduras to Canada were Coffee ($81.2M), Knit T-shirts ($76.6M), and Knit Sweaters ($52M). During the last 5 years the exports of Honduras to Canada have increased at an annualized rate of 7.32%, from $297M in 2018 to $423M in 2023.

Canada does not register exports to Honduras. The main products exported from Canada to Honduras were Cars ($19.6M), Potassic Fertilizers ($16.1M), and Pig Meat ($2.64M).

Exports from Honduras () to Canada () (2023)

Exports from Canada () to Honduras () (2023)

Latest Data

Trade between Honduras () and Canada ()

Honduras Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Honduras than Canada included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

In 2023, countries that imported more from Canada than Honduras included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Honduras - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Canada in the exports of Textiles ($171M), Vegetable Products ($162M), and Machines ($62.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Canada+$29.4MInsulated Wire

Top Product Potential Canada Honduras+$2.79MPotassic Fertilizers

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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Bilateral Service Trade

Can Year

In 2020, Canada exported services to Honduras worth $6.71M, with Travel ($6.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Honduras () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Canada () (2023)

Exports from Canada () to Honduras () (2023)

Latest Data

Trade between Honduras () and Canada ()

Honduras Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Honduras - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Honduras () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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