Honduras (HND) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Honduras-South Korea Trade: In 2022, Honduras exported $107M to South Korea. The main products that Honduras exported to South Korea were Coffee ($33.7M), Lead Ore ($25.9M), and Zinc Ore ($20.5M). Over the past 5 years the exports of Honduras to South Korea have increased at an annualized rate of 25.1%, from $35M in 2017 to $107M in 2022.

In 2022, Honduras did not export any services to South Korea.

South Korea-Honduras Trade: In 2022, South Korea exported $141M to Honduras. The main products that South Korea exported to Honduras were Insulated Wire ($34.7M), Cars ($16.7M), and Delivery Trucks ($15.7M). Over the past 5 years the exports of South Korea to Honduras have decreased at an annualized rate of 0.41%, from $144M in 2017 to $141M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $107M to South Korea. The main products exported from Honduras to South Korea were Coffee ($33.7M), Lead Ore ($25.9M), and Zinc Ore ($20.5M). During the last 5 years the exports of Honduras to South Korea have increased at an annualized rate of 25.1%, from $35M in 2017 to $107M in 2022.

In 2017, South Korea exported $141M to Honduras. The main products exported from South Korea to Honduras were Insulated Wire ($34.7M), Cars ($16.7M), and Delivery Trucks ($15.7M). During the last 5 years the exports of South Korea to Honduras have decreased at an annualized rate of 0.41%, from $144M in 2022 to $141M in 2017.

Exports from Honduras () to South Korea () (2022)

Exports from South Korea () to Honduras () (2022)

Latest Data

Trade between Honduras () and South Korea ()

Honduras Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

South Korea
Top DestinationChina$150B

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

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

In 2022, countries that imported more from South Korea than Honduras included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Honduras () (2022)

Comparative Advantage Honduras - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with South Korea in the exports of Mineral Products ($46.4M), Vegetable Products ($33.7M), and Foodstuffs ($12.4M).

During 2017, South Korea had a large net trade with Honduras in the exports of Machines ($57.4M), Transportation ($39.2M), and Chemical Products ($20.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras South Korea+$11.4MCoffee

Top Product Potential South Korea Honduras+$10.9MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to South Korea () (2022)

Exports from South Korea () to Honduras () (2022)

Latest Data

Trade between Honduras () and South Korea ()

Honduras Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Honduras () (2022)

Comparative Advantage Honduras - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and South Korea () (2022)

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