Iran (IRN) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Iran-Honduras Trade: In 2023, Iran exported $15.3k to Honduras. The main products that Iran exported to Honduras were Packaged Medicaments ($14.6k), Optical Fibers and optical fibre bundles ($606), and Thermostats ($60). Over the past 5 years the exports of Iran to Honduras have decreased at an annualized rate of 5.44%, from $20.3k in 2018 to $15.3k in 2023.

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

Honduras-Iran Trade: In 2023, Honduras exported $24.5k to Iran. The main products that Honduras exported to Iran were N/A. Over the past 5 years the exports of Honduras to Iran have decreased at an annualized rate of 42.8%, from $401k in 2018 to $24.5k in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $15.3k to Honduras. The main products exported from Iran to Honduras were Packaged Medicaments ($14.6k), Optical Fibers and optical fibre bundles ($606), and Thermostats ($60). During the last 5 years the exports of Iran to Honduras have decreased at an annualized rate of 5.44%, from $20.3k in 2018 to $15.3k in 2023.

In 2014, Honduras exported $24.5k to Iran. There were not main exports from Honduras to Iran in 2014. During the last 5 years the exports of Honduras to Iran have decreased at an annualized rate of 42.8%, from $401k in 2019 to $24.5k in 2014.

Exports from Iran () to Honduras () (2023)

Exports from Honduras () to Iran () (2023)

Latest Data

Trade between Iran () and Honduras ()

Honduras Exports

Date

Jun 2017

Mar 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Iran than Honduras included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

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

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

Comparative Advantage Iran - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Honduras in the exports of Chemical Products ($14.6k), Instruments ($666), and Plastics and Rubbers ($52).

During 2014, Honduras had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Honduras+$3.04kEthylene Polymers

Top Product Potential Honduras Iran+$3.82kPalm Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Honduras () (2023)

Exports from Honduras () to Iran () (2023)

Latest Data

Trade between Iran () and Honduras ()

Honduras Exports

Market Competitiveness

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

Comparative Advantage Iran - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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