Honduras (HND) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Honduras-Jamaica Trade: In 2022, Honduras exported $4.87M to Jamaica. The main products that Honduras exported to Jamaica were Sawn Wood ($2.43M), Raw Sugar ($1.06M), and Non-Retail Pure Cotton Yarn ($345k). Over the past 5 years the exports of Honduras to Jamaica have decreased at an annualized rate of 14%, from $10.4M in 2017 to $4.87M in 2022.

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

Jamaica-Honduras Trade: In 2022, Jamaica exported $176k to Honduras. The main products that Jamaica exported to Honduras were Scrap Plastic ($107k), Recovered Paper ($20.9k), and Sausages ($20.5k). Over the past 5 years the exports of Jamaica to Honduras have increased at an annualized rate of 5.88%, from $125k in 2017 to $176k in 2022.

In 2022, Jamaica 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, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $4.87M to Jamaica. The main products exported from Honduras to Jamaica were Sawn Wood ($2.43M), Raw Sugar ($1.06M), and Non-Retail Pure Cotton Yarn ($345k). During the last 5 years the exports of Honduras to Jamaica have decreased at an annualized rate of 14%, from $10.4M in 2017 to $4.87M in 2022.

In 2017, Jamaica exported $176k to Honduras. The main products exported from Jamaica to Honduras were Scrap Plastic ($107k), Recovered Paper ($20.9k), and Sausages ($20.5k). During the last 5 years the exports of Jamaica to Honduras have increased at an annualized rate of 5.88%, from $125k in 2022 to $176k in 2017.

Exports from Honduras () to Jamaica () (2022)

Exports from Jamaica () to Honduras () (2022)

Latest Data

Trade between Honduras () and Jamaica ()

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Jamaica
Top DestinationUnited States$1.11B

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

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

In 2022, countries that imported more from Jamaica than Honduras included Russia ($99.7M), Iceland ($39.5M), and Latvia ($33.3M).

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

Comparative Advantage Honduras - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Jamaica in the exports of Wood Products ($2.5M), Foodstuffs ($1.08M), and Textiles ($603k).

During 2017, Jamaica had a large net trade with Honduras in the exports of Plastics and Rubbers ($126k), Paper Goods ($20.9k), and Foodstuffs ($20.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Jamaica+$199kPlastic Lids

Top Product Potential Jamaica Honduras+$37.9kScrap Plastic

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Jamaica () (2022)

Exports from Jamaica () to Honduras () (2022)

Latest Data

Trade between Honduras () and Jamaica ()

Honduras Exports

Market Competitiveness

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

Comparative Advantage Honduras - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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