Indonesia (IDN) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Indonesia-Honduras Trade: In 2023, Indonesia exported $92.6M to Honduras. The main products that Indonesia exported to Honduras were Palm Oil ($23.8M), Cars ($13.9M), and Uncoated Paper ($8.77M). Over the past 5 years the exports of Indonesia to Honduras have increased at an annualized rate of 22%, from $34.3M in 2018 to $92.6M in 2023.

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

Honduras-Indonesia Trade: In 2023, Honduras exported $563k to Indonesia. The main products that Honduras exported to Indonesia were Knit T-shirts ($165k), Synthetic Coloring Matter ($142k), and Plastic Lids ($130k). Over the past 5 years the exports of Honduras to Indonesia have decreased at an annualized rate of 23.5%, from $2.15M in 2018 to $563k in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $92.6M to Honduras. The main products exported from Indonesia to Honduras were Palm Oil ($23.8M), Cars ($13.9M), and Uncoated Paper ($8.77M). During the last 5 years the exports of Indonesia to Honduras have increased at an annualized rate of 22%, from $34.3M in 2018 to $92.6M in 2023.

In 2018, Honduras exported $563k to Indonesia. The main products exported from Honduras to Indonesia were Knit T-shirts ($165k), Synthetic Coloring Matter ($142k), and Plastic Lids ($130k). During the last 5 years the exports of Honduras to Indonesia have decreased at an annualized rate of 23.5%, from $2.15M in 2023 to $563k in 2018.

Exports from Indonesia () to Honduras () (2023)

Exports from Honduras () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Honduras ()

Indonesia Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Indonesia than Honduras included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Honduras than Indonesia included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

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

Comparative Advantage Indonesia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Honduras in the exports of Animal and Vegetable Bi-Products ($32.7M), Transportation ($19.3M), and Paper Goods ($10.7M).

During 2018, Honduras had a large net trade with Indonesia in the exports of Textiles ($206k), Chemical Products ($150k), and Plastics and Rubbers ($132k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Honduras+$4.49MPalm Oil

Top Product Potential Honduras Indonesia+$415kKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Honduras () (2023)

Exports from Honduras () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Honduras ()

Indonesia Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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