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2023
Flag → Flag
Exports $204MRnk 9 / 142
2023
Flag → Flag
Top Product $56MScented Mixtures
2023
Flag → Flag
Exports $40.5MRnk 29 / 166
2023
Flag → Flag
Top Product $8.21MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $3,232CURRENT US$
Rnk 141 / 195
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Honduras-Dominican Republic Trade: In 2023, Honduras exported $204M to Dominican Republic. The main products that Honduras exported to Dominican Republic were Scented Mixtures ($56M), Raw Tobacco ($34M), and Other Processed Fruits and Nuts ($12.8M). Over the past 5 years the exports of Honduras to Dominican Republic have increased at an annualized rate of 18.9%, from $85.8M in 2018 to $204M in 2023.

In 2023, Honduras did not export any services to Dominican Republic.

Dominican Republic-Honduras Trade: In 2023, Dominican Republic exported $40.5M to Honduras. The main products that Dominican Republic exported to Honduras were Packaged Medicaments ($8.21M), Other Cotton Fabrics ($3.5M), and Raw Tobacco ($3.3M). Over the past 5 years the exports of Dominican Republic to Honduras have increased at an annualized rate of 7.61%,  from $28M in 2018 to $40.5M in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Honduras exported $204M to Dominican Republic. The main products exported from Honduras to Dominican Republic were Scented Mixtures ($56M), Raw Tobacco ($34M), and Other Processed Fruits and Nuts ($12.8M). During the last 5 years the exports of Honduras to Dominican Republic have increased at an annualized rate of 18.9%, from $85.8M in 2018 to $204M in 2023.

In 2018, Dominican Republic exported $40.5M to Honduras. The main products exported from Dominican Republic to Honduras were Packaged Medicaments ($8.21M), Other Cotton Fabrics ($3.5M), and Raw Tobacco ($3.3M). During the last 5 years the exports of Dominican Republic to Honduras have increased at an annualized rate of 7.61%, from $28M in 2023 to $40.5M in 2018.

Exports from Honduras (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Honduras (Flag) (2023)

Latest Data

Trade between Honduras (Flag) and Dominican Republic (Flag)

Honduras Exports

Dominican Republic Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$5.87B
Dominican Republic
Top DestinationUnited States$7.08B

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

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

In 2023, countries that imported more from Dominican Republic than Honduras included United States ($7.08B), Haiti ($856M), and Switzerland ($885M).

Difference in imports from Dominican Republic (Flag) and Honduras (Flag) (2023)

Comparative Advantage Honduras - Dominican Republic

Flow
Scale

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

During 2023, Honduras had a large net trade with Dominican Republic in the exports of Foodstuffs ($89.4M), Chemical Products ($64.9M), and Animal and Vegetable Bi-Products ($12.7M).

During 2018, Dominican Republic had a large net trade with Honduras in the exports of Textiles ($11.1M), Chemical Products ($8.96M), and Foodstuffs ($8.33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Dominican Republic+$3.79kInsulated Wire
Top Product Potential Dominican Republic Honduras+$3.15kKnit T-shirts

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

Product Space of Honduras (Flag) and Dominican Republic (Flag) (2023)

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