Honduras (HND) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Honduras-Chile Trade: In 2023, Honduras exported $9.58M to Chile. The main products that Honduras exported to Chile were Raw Sugar ($2.38M), Knit T-shirts ($2.02M), and Felt or Coated Fabric Garments ($1.76M). Over the past 5 years the exports of Honduras to Chile have increased at an annualized rate of 4.77%, from $7.59M in 2018 to $9.58M in 2023.

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

Chile-Honduras Trade: In 2023, Chile exported $65.3M to Honduras. The main products that Chile exported to Honduras were Malt Extract ($8.54M), Other Edible Preparations ($4.37M), and Apples and Pears ($4.06M). Over the past 5 years the exports of Chile to Honduras have increased at an annualized rate of 0.94%, from $61.8M in 2018 to $65.3M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $9.58M to Chile. The main products exported from Honduras to Chile were Raw Sugar ($2.38M), Knit T-shirts ($2.02M), and Felt or Coated Fabric Garments ($1.76M). During the last 5 years the exports of Honduras to Chile have increased at an annualized rate of 4.77%, from $7.59M in 2018 to $9.58M in 2023.

In 2018, Chile exported $65.3M to Honduras. The main products exported from Chile to Honduras were Malt Extract ($8.54M), Other Edible Preparations ($4.37M), and Apples and Pears ($4.06M). During the last 5 years the exports of Chile to Honduras have increased at an annualized rate of 0.94%, from $61.8M in 2023 to $65.3M in 2018.

Exports from Honduras () to Chile () (2023)

Exports from Chile () to Honduras () (2023)

Latest Data

Trade between Honduras () and Chile ()

Honduras Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Chile
Top DestinationChina$38.2B

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

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

In 2023, countries that imported more from Chile than Honduras included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Honduras - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Chile in the exports of Textiles ($5.14M), Foodstuffs ($2.42M), and Paper Goods ($863k).

During 2018, Chile had a large net trade with Honduras in the exports of Foodstuffs ($23.3M), Vegetable Products ($12M), and Paper Goods ($9.88M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Chile+$4.57MKnit T-shirts

Top Product Potential Chile Honduras+$659kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Chile () (2023)

Exports from Chile () to Honduras () (2023)

Latest Data

Trade between Honduras () and Chile ()

Honduras Exports

Chile Exports

Market Competitiveness

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

Comparative Advantage Honduras - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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