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Pricing

2022
Flag → Flag
Exports $2.86MRnk 54 / 124
2022
Flag → Flag
Top Product $2.29MRaw Tobacco
2022
Flag → Flag
Exports $1.26MRnk 132 / 205
2022
Flag → Flag
Top Product $458kPlastic Lids
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Honduras-Philippines Trade: In 2022, Honduras exported $2.86M to Philippines. The main products that Honduras exported to Philippines were Raw Tobacco ($2.29M), Coffee ($209k), and Knit T-shirts ($66.6k). Over the past 5 years the exports of Honduras to Philippines have increased at an annualized rate of 29%, from $802k in 2017 to $2.86M in 2022.

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

Philippines-Honduras Trade: In 2022, Philippines exported $1.26M to Honduras. The main products that Philippines exported to Honduras were Plastic Lids ($458k), Coated Metal Soldering Products ($423k), and Rubber Textile Fabric ($297k). Over the past 5 years the exports of Philippines to Honduras have decreased at an annualized rate of 31.4%,  from $8.31M in 2017 to $1.26M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $2.86M to Philippines. The main products exported from Honduras to Philippines were Raw Tobacco ($2.29M), Coffee ($209k), and Knit T-shirts ($66.6k). During the last 5 years the exports of Honduras to Philippines have increased at an annualized rate of 29%, from $802k in 2017 to $2.86M in 2022.

In 2017, Philippines exported $1.26M to Honduras. The main products exported from Philippines to Honduras were Plastic Lids ($458k), Coated Metal Soldering Products ($423k), and Rubber Textile Fabric ($297k). During the last 5 years the exports of Philippines to Honduras have decreased at an annualized rate of 31.4%, from $8.31M in 2022 to $1.26M in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Philippines (Flag)

Honduras Exports

Philippines Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Honduras included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

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

Comparative Advantage Honduras - Philippines

Flow
Scale

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

During 2022, Honduras had a large net trade with Philippines in the exports of Foodstuffs ($2.29M), Vegetable Products ($209k), and Textiles ($182k).

During 2017, Philippines had a large net trade with Honduras in the exports of Plastics and Rubbers ($459k), Metals ($425k), and Textiles ($297k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Philippines+$5.14kInsulated Wire
Top Product Potential Philippines Honduras+$3.77kInsulated 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 Philippines. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Honduras.

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

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