Honduras (HND) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Honduras-Spain Trade: In 2022, Honduras exported $77.7M to Spain. The main products that Honduras exported to Spain were Coffee ($23.2M), Palm Oil ($20.8M), and Coconut Oil ($7.39M). Over the past 5 years the exports of Honduras to Spain have decreased at an annualized rate of 3.38%, from $92.3M in 2017 to $77.7M in 2022.

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

Spain-Honduras Trade: In 2022, Spain exported $120M to Honduras. The main products that Spain exported to Honduras were Unglazed Ceramics ($7.55M), Non-Knit Women's Suits ($6.01M), and Vaccines, blood, antisera, toxins and cultures ($5.58M). Over the past 5 years the exports of Spain to Honduras have decreased at an annualized rate of 1.53%, from $130M in 2017 to $120M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $77.7M to Spain. The main products exported from Honduras to Spain were Coffee ($23.2M), Palm Oil ($20.8M), and Coconut Oil ($7.39M). During the last 5 years the exports of Honduras to Spain have decreased at an annualized rate of 3.38%, from $92.3M in 2017 to $77.7M in 2022.

In 2017, Spain exported $120M to Honduras. The main products exported from Spain to Honduras were Unglazed Ceramics ($7.55M), Non-Knit Women's Suits ($6.01M), and Vaccines, blood, antisera, toxins and cultures ($5.58M). During the last 5 years the exports of Spain to Honduras have decreased at an annualized rate of 1.53%, from $130M in 2022 to $120M in 2017.

Exports from Honduras () to Spain () (2022)

Exports from Spain () to Honduras () (2022)

Latest Data

Trade between Honduras () and Spain ()

Honduras Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Spain
Top DestinationFrance$65.2B

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

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

In 2022, countries that imported more from Spain than Honduras included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Honduras - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Spain in the exports of Vegetable Products ($30.2M), Animal and Vegetable Bi-Products ($28.2M), and Foodstuffs ($7.94M).

During 2017, Spain had a large net trade with Honduras in the exports of Machines ($28.3M), Chemical Products ($23.1M), and Textiles ($20.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Spain+$14.5MCoffee

Top Product Potential Spain Honduras+$3.99MRefined 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 Spain. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Honduras.

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Spain () (2022)

Exports from Spain () to Honduras () (2022)

Latest Data

Trade between Honduras () and Spain ()

Honduras Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Honduras - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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