Honduras (HND) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Honduras-Italy Trade: In 2022, Honduras exported $262M to Italy. The main products that Honduras exported to Italy were Palm Oil ($155M), Coffee ($87.1M), and Coconut Oil ($16.1M). Over the past 5 years the exports of Honduras to Italy have increased at an annualized rate of 26.4%, from $81.2M in 2017 to $262M in 2022.

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

Italy-Honduras Trade: In 2022, Italy exported $111M to Honduras. The main products that Italy exported to Honduras were Textile Processing Machines ($27.4M), Machinery Having Individual Functions ($9.27M), and Other Non-Metal Removal Machinery ($7.43M). Over the past 5 years the exports of Italy to Honduras have increased at an annualized rate of 9.06%, from $72.1M in 2017 to $111M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $262M to Italy. The main products exported from Honduras to Italy were Palm Oil ($155M), Coffee ($87.1M), and Coconut Oil ($16.1M). During the last 5 years the exports of Honduras to Italy have increased at an annualized rate of 26.4%, from $81.2M in 2017 to $262M in 2022.

In 2017, Italy exported $111M to Honduras. The main products exported from Italy to Honduras were Textile Processing Machines ($27.4M), Machinery Having Individual Functions ($9.27M), and Other Non-Metal Removal Machinery ($7.43M). During the last 5 years the exports of Italy to Honduras have increased at an annualized rate of 9.06%, from $72.1M in 2022 to $111M in 2017.

Exports from Honduras () to Italy () (2022)

Exports from Italy () to Honduras () (2022)

Latest Data

Trade between Honduras () and Italy ()

Honduras Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Honduras included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Honduras - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($171M), Vegetable Products ($87.7M), and Textiles ($1.85M).

During 2017, Italy had a large net trade with Honduras in the exports of Machines ($77.5M), Chemical Products ($5.1M), and Mineral Products ($3.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Italy+$31.1MCoffee

Top Product Potential Italy Honduras+$7.22MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Italy () (2022)

Exports from Italy () to Honduras () (2022)

Latest Data

Trade between Honduras () and Italy ()

Honduras Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Honduras - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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