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Pricing

2022
Flag → Flag
Exports $4.26MRnk 48 / 124
2022
Flag → Flag
Top Product $2.54MPalm Oil
2022
Flag → Flag
Exports $3.73MRnk 130 / 186
2022
Flag → Flag
Top Product $3.22MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 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$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Honduras-Morocco Trade: In 2022, Honduras exported $4.26M to Morocco. The main products that Honduras exported to Morocco were Palm Oil ($2.54M), Coconut Oil ($592k), and Coffee ($586k). Over the past 5 years the exports of Honduras to Morocco have increased at an annualized rate of 15.8%, from $2.05M in 2017 to $4.26M in 2022.

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

Morocco-Honduras Trade: In 2022, Morocco exported $3.73M to Honduras. The main products that Morocco exported to Honduras were Insulated Wire ($3.22M), Processed Fish ($415k), and Plastic Lids ($60.5k). Over the past 5 years the exports of Morocco to Honduras have increased at an annualized rate of 8.19%,  from $2.15M in 2017 to $3.73M in 2022.

In 2022, Morocco 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, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $4.26M to Morocco. The main products exported from Honduras to Morocco were Palm Oil ($2.54M), Coconut Oil ($592k), and Coffee ($586k). During the last 5 years the exports of Honduras to Morocco have increased at an annualized rate of 15.8%, from $2.05M in 2017 to $4.26M in 2022.

In 2017, Morocco exported $3.73M to Honduras. The main products exported from Morocco to Honduras were Insulated Wire ($3.22M), Processed Fish ($415k), and Plastic Lids ($60.5k). During the last 5 years the exports of Morocco to Honduras have increased at an annualized rate of 8.19%, from $2.15M in 2022 to $3.73M in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Morocco (Flag)

Honduras Exports

Morocco Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Morocco
Top DestinationSpain$8.55B

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

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

In 2022, countries that imported more from Morocco than Honduras included Spain ($8.55B), France ($7.92B), and India ($2.99B).

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

Comparative Advantage Honduras - Morocco

Flow
Scale

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

During 2022, Honduras had a large net trade with Morocco in the exports of Animal and Vegetable Bi-Products ($3.13M), Vegetable Products ($677k), and Foodstuffs ($242k).

During 2017, Morocco had a large net trade with Honduras in the exports of Machines ($3.22M), Foodstuffs ($415k), and Plastics and Rubbers ($61.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Morocco+$1.26MCoffee
Top Product Potential Morocco Honduras+$2.87MInsulated Wire

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

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

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

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