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Pricing

2022
Flag → Flag
Exports $181MRnk 10 / 124
2022
Flag → Flag
Top Product $48MCoffee
2022
Flag → Flag
Exports $40.5MRnk 130 / 224
2022
Flag → Flag
Top Product $28.2MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Honduras-United Kingdom Trade: In 2022, Honduras exported $181M to United Kingdom. The main products that Honduras exported to United Kingdom were Coffee ($48M), Crustaceans ($33.7M), and Processed Crustaceans ($26.5M). Over the past 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 3.74%, from $151M in 2017 to $181M in 2022.

In 2022, Honduras did not export any services to United Kingdom.

United Kingdom-Honduras Trade: In 2022, United Kingdom exported $40.5M to Honduras. The main products that United Kingdom exported to Honduras were Refined Petroleum ($28.2M), Acrylic Polymers ($1.29M), and Office Machine Parts ($1.02M). Over the past 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 13.8%,  from $21.2M in 2017 to $40.5M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $181M to United Kingdom. The main products exported from Honduras to United Kingdom were Coffee ($48M), Crustaceans ($33.7M), and Processed Crustaceans ($26.5M). During the last 5 years the exports of Honduras to United Kingdom have increased at an annualized rate of 3.74%, from $151M in 2017 to $181M in 2022.

In 2017, United Kingdom exported $40.5M to Honduras. The main products exported from United Kingdom to Honduras were Refined Petroleum ($28.2M), Acrylic Polymers ($1.29M), and Office Machine Parts ($1.02M). During the last 5 years the exports of United Kingdom to Honduras have increased at an annualized rate of 13.8%, from $21.2M in 2022 to $40.5M in 2017.

Exports from Honduras (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Honduras (Flag) (2022)

Latest Data

Trade between Honduras (Flag) and United Kingdom (Flag)

Honduras Exports

United Kingdom Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Honduras included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - United Kingdom

Flow
Scale

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

During 2022, Honduras had a large net trade with United Kingdom in the exports of Vegetable Products ($79.3M), Foodstuffs ($37.3M), and Animal Products ($33.7M).

During 2017, United Kingdom had a large net trade with Honduras in the exports of Mineral Products ($28.2M), Machines ($3.41M), and Plastics and Rubbers ($1.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras United Kingdom+$21MKnit T-shirts
Top Product Potential United Kingdom Honduras+$17.6MRefined 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 United Kingdom. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Honduras.

Product Space of Honduras (Flag) and United Kingdom (Flag) (2022)

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