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2023
Flag → Flag
Exports $278MRnk 113 / 220
2023
Flag → Flag
Top Product $61.2MMotorcycles and cycles
2023
Flag → Flag
Exports $34.1MRnk 26 / 142
2023
Flag → Flag
Top Product $22.6MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
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GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

India-Honduras Trade: In 2023, India exported $278M to Honduras. The main products that India exported to Honduras were Motorcycles and cycles ($61.2M), Packaged Medicaments ($40.1M), and Cars ($16.9M). Over the past 5 years the exports of India to Honduras have increased at an annualized rate of 14.8%, from $140M in 2018 to $278M in 2023.

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

Honduras-India Trade: In 2023, Honduras exported $34.1M to India. The main products that Honduras exported to India were Scrap Iron ($22.6M), Scrap Aluminium ($4.39M), and Recovered Paper ($1.81M). Over the past 5 years the exports of Honduras to India have increased at an annualized rate of 12.5%,  from $19M in 2018 to $34.1M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $18.6M and imported $2.54M from Honduras, resulting in a positive trade balance of $16M. Between November 2023 and November 2024 the exports of India have increased by $1.03M (5.87%) from $17.6M to $18.6M, while imports increased by $137k (5.69%) from $2.4M to $2.54M.

Trade In November 2024, the top exports of India to Honduras were Dyes ($3.28M), Two And Three Wheelers ($2.52M), Aluminium, Products Of Aluminm ($2.48M), Motor Vehicle/Cars ($1.5M), and Drug Formulations, Biologicals ($1.42M). In November 2024 the top imports of India from Honduras were Iron And Steel ($254k), Aluminium, Products Of Aluminm ($168k), Paper, Paper Board And Product ($50.5k), Other Wood And Wood Products ($26.9k), and Electronics Components ($23.4k).

Growth In November 2024, the increase in India's year-by-year exports to Honduras was explained primarily by an increase in product exports in Aluminium, Products Of Aluminm ($1.96M or 381%), Ceramics And Allied Products ($611k or 141k%), and Plastc Sht, Film, Plts Et ($542k or 470%). In November 2024, the increase in India's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Electronics Components ($22.4k or 2.08k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$1.03M(5.87%)
IMPORT GROWTH (November 2023 - November 2024)$137k(5.69%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Honduras and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $278M to Honduras. The main products exported from India to Honduras were Motorcycles and cycles ($61.2M), Packaged Medicaments ($40.1M), and Cars ($16.9M). During the last 5 years the exports of India to Honduras have increased at an annualized rate of 14.8%, from $140M in 2018 to $278M in 2023.

In 2018, Honduras exported $34.1M to India. The main products exported from Honduras to India were Scrap Iron ($22.6M), Scrap Aluminium ($4.39M), and Recovered Paper ($1.81M). During the last 5 years the exports of Honduras to India have increased at an annualized rate of 12.5%, from $19M in 2023 to $34.1M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from India than Honduras included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

Comparative Advantage India - Honduras

Flow
Scale

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

During 2023, India had a large net trade with Honduras in the exports of Transportation ($88.7M), Chemical Products ($63.4M), and Machines ($40.2M).

During 2018, Honduras had a large net trade with India in the exports of Metals ($27.3M), Paper Goods ($1.9M), and Machines ($1.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Honduras+$13.3MPackaged Medicaments
Top Product Potential Honduras India+$6.07MScrap Iron

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

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

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