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2023
Flag → Flag
Exports $330MRnk 83 / 211
2023
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Top Product $122MCars
2023
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Exports $82.9MRnk 17 / 142
2023
Flag → Flag
Top Product $59MCoffee
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
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GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
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GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Japan-Honduras Trade: In 2023, Japan exported $330M to Honduras. The main products that Japan exported to Honduras were Cars ($122M), Delivery Trucks ($57.3M), and Cold-Rolled Iron ($29M). Over the past 5 years the exports of Japan to Honduras have increased at an annualized rate of 14.9%, from $165M in 2018 to $330M in 2023.

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

Honduras-Japan Trade: In 2023, Honduras exported $82.9M to Japan. The main products that Honduras exported to Japan were Coffee ($59M), Knit T-shirts ($7.58M), and Knit Sweaters ($4.27M). Over the past 5 years the exports of Honduras to Japan have increased at an annualized rate of 12%,  from $47M in 2018 to $82.9M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥2.09B and imported ¥693M from Honduras, resulting in a positive trade balance of ¥1.4B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-760M (-26.7%) from ¥2.85B to ¥2.09B, while imports increased by ¥392M (130%) from ¥301M to ¥693M.

Trade In November 2024, the top exports of Japan to Honduras were Delivery Trucks (¥308M), Cars (¥184M), Buses (¥137M), Electrical Power Accessories (¥79.3M), and Low-voltage Protection Equipment (¥76.5M). In November 2024 the top imports of Japan from Honduras were Coffee (¥156M), Knit T-shirts (¥83.1M), Knit Sweaters (¥74.2M), Crustaceans (¥42.3M), and Non-Knit Men's Suits (¥32.1M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥1B), Kanagawa (¥528M), Hyōgo (¥177M), Shizuoka (¥101M), and Osaka (¥75.7M), while imports destinations were mainly Hyōgo (¥211M), Tokyo (¥131M), Kanagawa (¥123M), Aichi (¥114M), and Chiba (¥102M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Cars (¥-75M or -29%), Spark-Ignition Engines (¥-30.8M or -32.7%), and Motor vehicles; parts and accessories (8701... (¥-16.3M or -47.6%). In November 2024, the increase in Japan's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Knit T-shirts (¥40M or 92.8%), Knit Sweaters (¥25.1M or 51.3%), and Non-Knit Men's Suits (¥16.8M or 109%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-760M(-26.7%)
IMPORT GROWTH (November 2023 - November 2024)¥392M(130%)
MAIN EXPORTER (November 2024)Aichi¥1B

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $330M to Honduras. The main products exported from Japan to Honduras were Cars ($122M), Delivery Trucks ($57.3M), and Cold-Rolled Iron ($29M). During the last 5 years the exports of Japan to Honduras have increased at an annualized rate of 14.9%, from $165M in 2018 to $330M in 2023.

In 2018, Honduras exported $82.9M to Japan. The main products exported from Honduras to Japan were Coffee ($59M), Knit T-shirts ($7.58M), and Knit Sweaters ($4.27M). During the last 5 years the exports of Honduras to Japan have increased at an annualized rate of 12%, from $47M in 2023 to $82.9M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Japan than Honduras included China ($138B), United States ($143B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Honduras than Japan included Nicaragua ($980M), El Salvador ($796M), and Haiti ($19.9M).

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

Comparative Advantage Japan - Honduras

Flow
Scale

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

During 2023, Japan had a large net trade with Honduras in the exports of Transportation ($215M), Machines ($46.6M), and Metals ($41.9M).

During 2018, Honduras had a large net trade with Japan in the exports of Vegetable Products ($63.7M), Textiles ($13.9M), and Animal Products ($4.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Honduras+$18.2MCars
Top Product Potential Honduras Japan+$14.7MCoffee

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

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

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