NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.52MRnk 64 / 142
2023
Flag → Flag
Top Product $1.6MWadding
2023
Flag → Flag
Exports $2.08MRnk 52 / 122
2023
Flag → Flag
Top Product $1.21MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $3,232CURRENT US$
Rnk 141 / 195
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Honduras-Venezuela Trade: In 2023, Honduras exported $2.52M to Venezuela. The main products that Honduras exported to Venezuela were Wadding ($1.6M), Carbonates ($303k), and Other live plants, cuttings and slips; mushroom spawn ($164k). Over the past 6 years the exports of Honduras to Venezuela have increased at an annualized rate of 36%, from $398k in 2017 to $2.52M in 2023.

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

Venezuela-Honduras Trade: In 2023, Venezuela exported $2.08M to Honduras. The main products that Venezuela exported to Honduras were Packaged Medicaments ($1.21M), Shaped Paper ($676k), and Scrap Rubber ($39.6k). Over the past 6 years the exports of Venezuela to Honduras have increased at an annualized rate of 27.2%,  from $626k in 2017 to $2.08M in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Honduras exported $2.52M to Venezuela. The main products exported from Honduras to Venezuela were Wadding ($1.6M), Carbonates ($303k), and Other live plants, cuttings and slips; mushroom spawn ($164k). During the last 6 years the exports of Honduras to Venezuela have increased at an annualized rate of 36%, from $398k in 2017 to $2.52M in 2023.

In 2018, Venezuela exported $2.08M to Honduras. The main products exported from Venezuela to Honduras were Packaged Medicaments ($1.21M), Shaped Paper ($676k), and Scrap Rubber ($39.6k). During the last 5 years the exports of Venezuela to Honduras have increased at an annualized rate of 27.2%, from $626k in 2023 to $2.08M in 2018.

Exports from Honduras (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Honduras (Flag) (2023)

Latest Data

Trade between Honduras (Flag) and Venezuela (Flag)

Honduras Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$5.87B
Venezuela
Top DestinationUnited States$3.81B

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

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

In 2023, countries that imported more from Venezuela than Honduras included China ($739M), Spain ($670M), and Brazil ($468M).

Difference in imports from Venezuela (Flag) and Honduras (Flag) (2023)

Comparative Advantage Honduras - Venezuela

Flow
Scale

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

During 2023, Honduras had a large net trade with Venezuela in the exports of Textiles ($1.6M), Chemical Products ($493k), and Paper Goods ($197k).

During 2018, Venezuela had a large net trade with Honduras in the exports of Chemical Products ($1.23M), Paper Goods ($677k), and Foodstuffs ($57.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Honduras (Flag) and Venezuela (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms