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Pricing

2022
Flag → Flag
Exports $294MRnk 109 / 217
2022
Flag → Flag
Top Product $65.3MSynthetic Coloring Matter
2022
Flag → Flag
Exports $15.8MRnk 29 / 124
2022
Flag → Flag
Top Product $4.83MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

India-Honduras Trade: In 2022, India exported $294M to Honduras. The main products that India exported to Honduras were Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). Over the past 5 years the exports of India to Honduras have increased at an annualized rate of 11.2%, from $173M in 2017 to $294M in 2022.

In 2022, India did not export any services to Honduras.

Honduras-India Trade: In 2022, Honduras exported $15.8M to India. The main products that Honduras exported to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). Over the past 5 years the exports of Honduras to India have decreased at an annualized rate of 0.68%,  from $16.5M in 2017 to $15.8M in 2022.

In 2022, Honduras did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $25.5M and imported $4.41M from Honduras, resulting in a positive trade balance of $21M. Between August 2023 and August 2024 the exports of India have increased by $1.73M (7.3%) from $23.7M to $25.5M, while imports increased by $1.29M (41.5%) from $3.12M to $4.41M.

Trade In August 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 August 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 August 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 August 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 (August 2023 - August 2024)$1.73M(7.3%)
IMPORT GROWTH (August 2023 - August 2024)$1.29M(41.5%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $294M to Honduras. The main products exported from India to Honduras were Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). During the last 5 years the exports of India to Honduras have increased at an annualized rate of 11.2%, from $173M in 2017 to $294M in 2022.

In 2017, Honduras exported $15.8M to India. The main products exported from Honduras to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). During the last 5 years the exports of Honduras to India have decreased at an annualized rate of 0.68%, from $16.5M in 2022 to $15.8M in 2017.

Exports from India (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Honduras
Top DestinationUnited States$6.31B

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 2022, countries that imported more from India than Honduras included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

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 2022, India had a large net trade with Honduras in the exports of Chemical Products ($107M), Transportation ($66.1M), and Textiles ($42M).

During 2017, Honduras had a large net trade with India in the exports of Metals ($8.79M), Vegetable Products ($3.65M), and Machines ($1.11M).

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) (2022)

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