2022
Flag  
GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

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 0.56%,  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
Value

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 0.56%, from $23.6M in 2022 to $24.7M in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Ecuador (Flag)

Honduras Exports

Ecuador Exports

Market Competitiveness

Color
Honduras
Top Destination
United States$6.31B
Ecuador
Top Destination
United 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 (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Ecuador

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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