Honduras (HND) and India (IND) Trade | The Observatory of Economic Complexity

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Honduras-India Trade: In 2022, Honduras exported $15.8M to India. The main products that Honduras exported to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). Over the past 5 years the exports of Honduras to India have decreased at an annualized rate of 0.95%, from $16.5M in 2017 to $15.8M in 2022.

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

India-Honduras Trade: In 2022, India exported $294M to Honduras. The main products that India exported to Honduras were Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). Over the past 5 years the exports of India to Honduras have increased at an annualized rate of 11.2%, from $173M in 2017 to $294M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $15.8M to India. The main products exported from Honduras to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). During the last 5 years the exports of Honduras to India have decreased at an annualized rate of 0.95%, from $16.5M in 2017 to $15.8M in 2022.

In 2017, India exported $294M to Honduras. The main products exported from India to Honduras were Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). During the last 5 years the exports of India to Honduras have increased at an annualized rate of 11.2%, from $173M in 2022 to $294M in 2017.

Exports from Honduras () to India () (2022)

Exports from India () to Honduras () (2022)

Latest Data

Trade between Honduras () and India ()

Honduras Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Honduras included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Honduras - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with India in the exports of Metals ($8.79M), Vegetable Products ($3.65M), and Machines ($1.11M).

During 2017, India had a large net trade with Honduras in the exports of Chemical Products ($107M), Transportation ($66.1M), and Textiles ($42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras India+$6.07MScrap Iron

Top Product Potential India Honduras+$13.3MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to India () (2022)

Exports from India () to Honduras () (2022)

Latest Data

Trade between Honduras () and India ()

Honduras Exports

India Exports

Market Competitiveness

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

Comparative Advantage Honduras - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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