Honduras (HND) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Honduras-Ecuador Trade: In 2022, Honduras exported $865k to Ecuador. The main products that Honduras exported to Ecuador were Knit T-shirts ($205k), Other live plants, cuttings and slips; mushroom spawn ($165k), and Paper Labels ($96k). Over the past 5 years the exports of Honduras to Ecuador have decreased at an annualized rate of 47%, from $20.8M in 2017 to $865k in 2022.

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

Ecuador-Honduras Trade: In 2022, Ecuador exported $24.7M to Honduras. The main products that Ecuador exported to Honduras were Animal Food ($5.18M), Raw Plastic Sheeting ($4.29M), and Animal Meal and Pellets ($1.71M). Over the past 5 years the exports of Ecuador to Honduras have increased at an annualized rate of 0.89%, from $23.6M in 2017 to $24.7M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $865k to Ecuador. The main products exported from Honduras to Ecuador were Knit T-shirts ($205k), Other live plants, cuttings and slips; mushroom spawn ($165k), and Paper Labels ($96k). During the last 5 years the exports of Honduras to Ecuador have decreased at an annualized rate of 47%, from $20.8M in 2017 to $865k in 2022.

In 2017, Ecuador exported $24.7M to Honduras. The main products exported from Ecuador to Honduras were Animal Food ($5.18M), Raw Plastic Sheeting ($4.29M), and Animal Meal and Pellets ($1.71M). During the last 5 years the exports of Ecuador to Honduras have increased at an annualized rate of 0.89%, from $23.6M in 2022 to $24.7M in 2017.

Exports from Honduras () to Ecuador () (2022)

Exports from Ecuador () to Honduras () (2022)

Latest Data

Trade between Honduras () and Ecuador ()

Honduras Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Honduras than Ecuador included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

In 2022, countries that imported more from Ecuador than Honduras included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

Difference in imports from Ecuador () and Honduras () (2022)

Comparative Advantage Honduras - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Ecuador in the exports of Textiles ($339k), Vegetable Products ($165k), and Paper Goods ($100k).

During 2017, Ecuador had a large net trade with Honduras in the exports of Foodstuffs ($8.94M), Plastics and Rubbers ($4.67M), and Chemical Products ($2.43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Ecuador+$3.77kInsulated Wire

Top Product Potential Ecuador Honduras+$5.13kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Ecuador () (2022)

Exports from Ecuador () to Honduras () (2022)

Latest Data

Trade between Honduras () and Ecuador ()

Honduras Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Honduras () (2022)

Comparative Advantage Honduras - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Ecuador () (2022)

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