2022
Flag  
GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 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
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Honduras-Guatemala Trade: In 2022, Honduras exported $596M to Guatemala. The main products that Honduras exported to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). Over the past 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.91%, from $372M in 2017 to $596M in 2022.

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

Guatemala-Honduras Trade: In 2022, Guatemala exported $1.58B to Honduras. The main products that Guatemala exported to Honduras were Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). Over the past 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 10.4%,  from $961M in 2017 to $1.58B in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $596M to Guatemala. The main products exported from Honduras to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). During the last 5 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.91%, from $372M in 2017 to $596M in 2022.

In 2017, Guatemala exported $1.58B to Honduras. The main products exported from Guatemala to Honduras were Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). During the last 5 years the exports of Guatemala to Honduras have increased at an annualized rate of 10.4%, from $961M in 2022 to $1.58B in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Guatemala (Flag)

Honduras Exports

Guatemala Exports

Market Competitiveness

Color
Honduras
Top Destination
United States$6.31B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Honduras than Guatemala included United States ($6.31B), Germany ($462M), and Canada ($372M).

In 2022, countries that imported more from Guatemala than Honduras included El Salvador ($2.03B), Costa Rica ($641M), and Netherlands ($658M).

Difference in imports from Guatemala (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Guatemala

Flow
Scale

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

During 2022, Honduras had a large net trade with Guatemala in the exports of Textiles ($149M), Metals ($121M), and Foodstuffs ($107M).

During 2017, Guatemala had a large net trade with Honduras in the exports of Foodstuffs ($351M), Chemical Products ($334M), and Metals ($225M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Guatemala+$10.3MKnit T-shirts
Top Product Potential Guatemala Honduras+$4.29MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Honduras and Guatemala. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Honduras.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with