Honduras (HND) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Honduras-Denmark Trade: In 2023, Honduras exported $7.17M to Denmark. The main products that Honduras exported to Denmark were Coffee ($5.73M), Other live plants, cuttings and slips; mushroom spawn ($1.17M), and Transmissions ($57.5k). Over the past 5 years the exports of Honduras to Denmark have increased at an annualized rate of 8.73%, from $4.72M in 2018 to $7.17M in 2023.

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

Denmark-Honduras Trade: In 2023, Denmark exported $26.4M to Honduras. The main products that Denmark exported to Honduras were Packaged Medicaments ($10.7M), Other Edible Preparations ($2.38M), and Enzymes ($2.26M). Over the past 5 years the exports of Denmark to Honduras have increased at an annualized rate of 9.25%, from $17M in 2018 to $26.4M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $7.17M to Denmark. The main products exported from Honduras to Denmark were Coffee ($5.73M), Other live plants, cuttings and slips; mushroom spawn ($1.17M), and Transmissions ($57.5k). During the last 5 years the exports of Honduras to Denmark have increased at an annualized rate of 8.73%, from $4.72M in 2018 to $7.17M in 2023.

In 2018, Denmark exported $26.4M to Honduras. The main products exported from Denmark to Honduras were Packaged Medicaments ($10.7M), Other Edible Preparations ($2.38M), and Enzymes ($2.26M). During the last 5 years the exports of Denmark to Honduras have increased at an annualized rate of 9.25%, from $17M in 2023 to $26.4M in 2018.

Exports from Honduras () to Denmark () (2023)

Exports from Denmark () to Honduras () (2023)

Latest Data

Trade between Honduras () and Denmark ()

Honduras Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Denmark
Top DestinationGermany$14.8B

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

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

In 2023, countries that imported more from Denmark than Honduras included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

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

Comparative Advantage Honduras - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Denmark in the exports of Vegetable Products ($6.9M), Machines ($110k), and Textiles ($73.4k).

During 2018, Denmark had a large net trade with Honduras in the exports of Chemical Products ($14.7M), Machines ($4.85M), and Foodstuffs ($3.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Denmark+$2.74MCoffee

Top Product Potential Denmark Honduras+$492kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Denmark () (2023)

Exports from Denmark () to Honduras () (2023)

Latest Data

Trade between Honduras () and Denmark ()

Honduras Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Honduras - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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