2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186

About

Ireland-Honduras Trade: In 2022, Ireland exported $1.1M to Honduras. The main products that Ireland exported to Honduras were Malt Extract ($416k), Packaged Medicaments ($236k), and Concentrated Milk ($187k). Over the past 5 years the exports of Ireland to Honduras have decreased at an annualized rate of 32%, from $7.55M in 2017 to $1.1M in 2022.

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

Honduras-Ireland Trade: In 2022, Honduras exported $8.67M to Ireland. The main products that Honduras exported to Ireland were Coffee ($2.85M), Felt or Coated Fabric Garments ($1.46M), and Knit Sweaters ($802k). Over the past 5 years the exports of Honduras to Ireland have increased at an annualized rate of 6.57%,  from $6.31M in 2017 to $8.67M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $1.1M to Honduras. The main products exported from Ireland to Honduras were Malt Extract ($416k), Packaged Medicaments ($236k), and Concentrated Milk ($187k). During the last 5 years the exports of Ireland to Honduras have decreased at an annualized rate of 32%, from $7.55M in 2017 to $1.1M in 2022.

In 2017, Honduras exported $8.67M to Ireland. The main products exported from Honduras to Ireland were Coffee ($2.85M), Felt or Coated Fabric Garments ($1.46M), and Knit Sweaters ($802k). During the last 5 years the exports of Honduras to Ireland have increased at an annualized rate of 6.57%, from $6.31M in 2022 to $8.67M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Honduras
Top Destination
United States$6.31B

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

In 2022, countries that imported more from Ireland than Honduras included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Honduras

Flow
Scale

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

During 2022, Ireland had a large net trade with Honduras in the exports of Foodstuffs ($454k), Chemical Products ($236k), and Animal Products ($187k).

During 2017, Honduras had a large net trade with Ireland in the exports of Vegetable Products ($4.29M), Textiles ($3.1M), and Foodstuffs ($1.18M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Honduras+$906kPackaged Medicaments
Top Product Potential Honduras Ireland+$2.36MCoffee

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

Product Space of Ireland (Flag) and Honduras (Flag) (2022)

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