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2022
Flag → Flag
Exports $509kRnk 75 / 124
2022
Flag → Flag
Top Product $202kKnit Sweaters
2022
Flag → Flag
Exports $37.3kRnk 128 / 160
2022
Flag → Flag
Top Product $31.5kLifting Machinery
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Honduras-Iceland Trade: In 2022, Honduras exported $509k to Iceland. The main products that Honduras exported to Iceland were Knit Sweaters ($202k), Melons ($119k), and Knit T-shirts ($77.6k). Over the past 5 years the exports of Honduras to Iceland have increased at an annualized rate of 5.01%, from $399k in 2017 to $509k in 2022.

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

Iceland-Honduras Trade: In 2022, Iceland exported $37.3k to Honduras. The main products that Iceland exported to Honduras were Lifting Machinery ($31.5k), Electrical Control Boards ($5.77k), and Trunks and Cases ($27). Over the past 5 years the exports of Iceland to Honduras have increased at an annualized rate of 1.66%,  from $34.4k in 2017 to $37.3k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $509k to Iceland. The main products exported from Honduras to Iceland were Knit Sweaters ($202k), Melons ($119k), and Knit T-shirts ($77.6k). During the last 5 years the exports of Honduras to Iceland have increased at an annualized rate of 5.01%, from $399k in 2017 to $509k in 2022.

In 2017, Iceland exported $37.3k to Honduras. The main products exported from Iceland to Honduras were Lifting Machinery ($31.5k), Electrical Control Boards ($5.77k), and Trunks and Cases ($27). During the last 5 years the exports of Iceland to Honduras have increased at an annualized rate of 1.66%, from $34.4k in 2022 to $37.3k in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Honduras than Iceland included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

In 2022, countries that imported more from Iceland than Honduras included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Honduras - Iceland

Flow
Scale

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

During 2022, Honduras had a large net trade with Iceland in the exports of Textiles ($339k), Vegetable Products ($160k), and Foodstuffs ($7.49k).

During 2017, Iceland had a large net trade with Honduras in the exports of Machines ($37.3k), Animal Hides ($27), and Foodstuffs ($22).

Economic Complexity

Competitive Landscape

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

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

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