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2021
Flag → Flag
Exports $14.2MRnk 13 / 0
2021
Flag → Flag
Exports $148MRnk 36 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Honduras-Russia Trade: In 2021, Honduras exported $14.2M to Russia. The main products that Honduras exported to Russia were N/A. Over the past 5 years the exports of Honduras to Russia have decreased at an annualized rate of 3.38%, from $16.8M in 2016 to $14.2M in 2021.

In 2021, Honduras did not export any services to Russia.

Russia-Honduras Trade: In 2021, Russia exported $148M to Honduras. The main products that Russia exported to Honduras were N/A. Over the past 5 years the exports of Russia to Honduras have increased at an annualized rate of 25.7%,  from $47.1M in 2016 to $148M in 2021.

In 2020, Russia exported services to Honduras worth $461k, with Communications services ($221k), Computer and information services ($197k), and Transportation ($34k) being the largest in terms of value.

Comparison: In 2022,  Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Honduras exported $14.2M to Russia. There were not main exports from Honduras to Russia in 2021. During the last 5 years the exports of Honduras to Russia have decreased at an annualized rate of 3.38%, from $16.8M in 2016 to $14.2M in 2021.

In 2016, Russia exported $148M to Honduras. There were not main exports from Russia to Honduras in 2016. During the last 5 years the exports of Russia to Honduras have increased at an annualized rate of 25.7%, from $47.1M in 2021 to $148M in 2016.

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

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

Latest Data

Trade between Honduras (Flag) and Russia (Flag)

Honduras Exports

Russia Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Russia
Top DestinationChina$101B

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

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

In 2022, countries that imported more from Russia than Honduras included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Honduras - Russia

Flow
Scale

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

During 2021, Honduras had a large net trade with Russia in the exports of .

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Russia+$5.65kCoffee
Top Product Potential Russia Honduras+$8.15kRefined 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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Bilateral Service Trade

In 2020, Russia exported services to Honduras worth $461k, with Communications services ($221k), Computer and information services ($197k), and Transportation ($34k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Honduras (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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