Honduras (HND) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Honduras-Paraguay Trade: In 2023, Honduras exported $247k to Paraguay. The main products that Honduras exported to Paraguay were Knit Socks and Hosiery ($140k), Cars ($51k), and Knit T-shirts ($38.6k). Over the past 5 years the exports of Honduras to Paraguay have decreased at an annualized rate of 39.8%, from $3.12M in 2018 to $247k in 2023.

In 2023, Honduras did not export any services to Paraguay.

Paraguay-Honduras Trade: In 2023, Paraguay exported $3.21M to Honduras. The main products that Paraguay exported to Honduras were Packaged Medicaments ($2.78M), Raw Tobacco ($130k), and Pesticides ($89.1k). Over the past 5 years the exports of Paraguay to Honduras have increased at an annualized rate of 3.39%, from $2.72M in 2018 to $3.21M in 2023.

In 2023, Paraguay did not export any services to Honduras.

Comparison: In 2023, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Honduras exported $247k to Paraguay. The main products exported from Honduras to Paraguay were Knit Socks and Hosiery ($140k), Cars ($51k), and Knit T-shirts ($38.6k). During the last 5 years the exports of Honduras to Paraguay have decreased at an annualized rate of 39.8%, from $3.12M in 2018 to $247k in 2023.

In 2018, Paraguay exported $3.21M to Honduras. The main products exported from Paraguay to Honduras were Packaged Medicaments ($2.78M), Raw Tobacco ($130k), and Pesticides ($89.1k). During the last 5 years the exports of Paraguay to Honduras have increased at an annualized rate of 3.39%, from $2.72M in 2023 to $3.21M in 2018.

Exports from Honduras () to Paraguay () (2023)

Exports from Paraguay () to Honduras () (2023)

Latest Data

Trade between Honduras () and Paraguay ()

Honduras Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$5.87B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Honduras than Paraguay included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

In 2023, countries that imported more from Paraguay than Honduras included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay () and Honduras () (2023)

Comparative Advantage Honduras - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Honduras had a large net trade with Paraguay in the exports of Textiles ($190k), Transportation ($51.1k), and Machines ($2.86k).

During 2018, Paraguay had a large net trade with Honduras in the exports of Chemical Products ($2.87M), Foodstuffs ($176k), and Footwear and Headwear ($46.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Paraguay+$293kKnit T-shirts

Top Product Potential Paraguay Honduras+$375kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Honduras () to Paraguay () (2023)

Exports from Paraguay () to Honduras () (2023)

Latest Data

Trade between Honduras () and Paraguay ()

Honduras Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Honduras () (2023)

Comparative Advantage Honduras - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Paraguay () (2023)

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