Honduras (HND) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Honduras-Indonesia Trade: In 2023, Honduras exported $563k to Indonesia. The main products that Honduras exported to Indonesia were Knit T-shirts ($165k), Synthetic Coloring Matter ($142k), and Plastic Lids ($130k). Over the past 5 years the exports of Honduras to Indonesia have decreased at an annualized rate of 23.5%, from $2.15M in 2018 to $563k in 2023.

In 2023, Honduras did not export any services to Indonesia.

Indonesia-Honduras Trade: In 2023, Indonesia exported $92.6M to Honduras. The main products that Indonesia exported to Honduras were Palm Oil ($23.8M), Cars ($13.9M), and Uncoated Paper ($8.77M). Over the past 5 years the exports of Indonesia to Honduras have increased at an annualized rate of 7.95%, from $34.3M in 2018 to $92.6M in 2023.

In 2023, Indonesia did not export any services to Honduras.

Comparison: In 2023, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $563k to Indonesia. The main products exported from Honduras to Indonesia were Knit T-shirts ($165k), Synthetic Coloring Matter ($142k), and Plastic Lids ($130k). During the last 5 years the exports of Honduras to Indonesia have decreased at an annualized rate of 23.5%, from $2.15M in 2018 to $563k in 2023.

In 2018, Indonesia exported $92.6M to Honduras. The main products exported from Indonesia to Honduras were Palm Oil ($23.8M), Cars ($13.9M), and Uncoated Paper ($8.77M). During the last 5 years the exports of Indonesia to Honduras have increased at an annualized rate of 7.95%, from $34.3M in 2023 to $92.6M in 2018.

Exports from Honduras () to Indonesia () (2023)

Exports from Indonesia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Indonesia ()

Honduras Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Honduras than Indonesia included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

In 2023, countries that imported more from Indonesia than Honduras included China ($70.7B), India ($24B), and Japan ($23.7B).

Difference in imports from Indonesia () and Honduras () (2023)

Comparative Advantage Honduras - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Indonesia in the exports of Textiles ($206k), Chemical Products ($150k), and Plastics and Rubbers ($132k).

During 2018, Indonesia had a large net trade with Honduras in the exports of Animal and Vegetable Bi-Products ($32.7M), Transportation ($19.3M), and Paper Goods ($10.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Indonesia+$415kKnit T-shirts

Top Product Potential Indonesia Honduras+$4.49MPalm Oil

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Indonesia () (2023)

Exports from Indonesia () to Honduras () (2023)

Latest Data

Trade between Honduras () and Indonesia ()

Honduras Exports

Indonesia Exports

Market Competitiveness

Difference in imports from Indonesia () and Honduras () (2023)

Comparative Advantage Honduras - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Indonesia () (2023)

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