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Pricing

2017
Flag → Flag
Exports $17.1kRnk 11 / 0
2017
Flag → Flag
Exports $88kRnk 4 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Honduras-Madagascar Trade: In 2017, Honduras exported $17.1k to Madagascar. The main products that Honduras exported to Madagascar were N/A. Over the past 5 years the exports of Honduras to Madagascar have decreased at an annualized rate of 34%, from $136k in 2012 to $17.1k in 2017.

In 2017, Honduras did not export any services to Madagascar.

Madagascar-Honduras Trade: In 2017, Madagascar exported $88k to Honduras. The main products that Madagascar exported to Honduras were N/A. Over the past 5 years the exports of Madagascar to Honduras have increased at an annualized rate of 8.65%,  from $58.2k in 2012 to $88k in 2017.

In 2017, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2017, Honduras exported $17.1k to Madagascar. There were not main exports from Honduras to Madagascar in 2017. During the last 5 years the exports of Honduras to Madagascar have decreased at an annualized rate of 34%, from $136k in 2012 to $17.1k in 2017.

In 2016, Madagascar exported $88k to Honduras. There were not main exports from Madagascar to Honduras in 2016. During the last 5 years the exports of Madagascar to Honduras have increased at an annualized rate of 8.65%, from $58.2k in 2021 to $88k in 2016.

Exports from Honduras (Flag) to Madagascar (Flag) (2021)

Exports from Madagascar (Flag) to Honduras (Flag) (2021)

Latest Data

Trade between Honduras (Flag) and Madagascar (Flag)

Madagascar Exports

Date

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Honduras included France ($634M), China ($538M), and Japan ($448M).

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

Comparative Advantage Honduras - Madagascar

Flow
Scale

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

During 2017, Honduras had a large net trade with Madagascar in the exports of .

During 2016, Madagascar had a large net trade with Honduras in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Madagascar+$2.33kPalm Oil
Top Product Potential Madagascar Honduras+$2.45kRefined 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

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

Product Space of Honduras (Flag) and Madagascar (Flag) (2021)

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