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2022
Flag → Flag
Exports $157MRnk 98 / 211
2022
Flag → Flag
Top Product $32.9MCars
2022
Flag → Flag
Exports $112MRnk 14 / 124
2022
Flag → Flag
Top Product $87.1MCoffee
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
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GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
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GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Japan-Honduras Trade: In 2022, Japan exported $157M to Honduras. The main products that Japan exported to Honduras were Cars ($32.9M), Delivery Trucks ($23.3M), and Buses ($13.8M). Over the past 5 years the exports of Japan to Honduras have increased at an annualized rate of 5.63%, from $119M in 2017 to $157M in 2022.

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

Honduras-Japan Trade: In 2022, Honduras exported $112M to Japan. The main products that Honduras exported to Japan were Coffee ($87.1M), Knit Sweaters ($6.13M), and Knit T-shirts ($5.3M). Over the past 5 years the exports of Honduras to Japan have increased at an annualized rate of 25.5%,  from $35.9M in 2017 to $112M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥1.57B and imported ¥1.11B from Honduras, resulting in a positive trade balance of ¥459M. Between June 2023 and June 2024 the exports of Japan have decreased by ¥-752M (-32.4%) from ¥2.32B to ¥1.57B, while imports decreased by ¥-26.9M (-2.37%) from ¥1.13B to ¥1.11B.

Trade In June 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 June 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 June 2024 the exports of Japan were mainly from Kanagawa (¥524M), Aichi (¥507M), Shizuoka (¥123M), Hyōgo (¥103M), and Osaka (¥80M), while imports destinations were mainly Hyōgo (¥340M), Shizuoka (¥192M), Kanagawa (¥179M), Chiba (¥113M), and Aichi (¥111M).

Growth In June 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 June 2024, the decrease in Japan's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Coffee (¥-28.2M or -15.3%), Melons (¥-7.7M or -39.3%), and Knit Men's Suits (¥-933k or -40%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥-752M(-32.4%)
IMPORT GROWTH (June 2023 - June 2024)¥-26.9M(-2.37%)
MAIN EXPORTER (June 2024)Kanagawa¥524M

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 2022, Japan exported $157M to Honduras. The main products exported from Japan to Honduras were Cars ($32.9M), Delivery Trucks ($23.3M), and Buses ($13.8M). During the last 5 years the exports of Japan to Honduras have increased at an annualized rate of 5.63%, from $119M in 2017 to $157M in 2022.

In 2017, Honduras exported $112M to Japan. The main products exported from Honduras to Japan were Coffee ($87.1M), Knit Sweaters ($6.13M), and Knit T-shirts ($5.3M). During the last 5 years the exports of Honduras to Japan have increased at an annualized rate of 25.5%, from $35.9M in 2022 to $112M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Honduras
Top DestinationUnited States$6.31B

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 2022, countries that imported more from Japan than Honduras included China ($135B), United States ($137B), and South Korea ($50.8B).

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

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

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 2022, Japan had a large net trade with Honduras in the exports of Transportation ($76.5M), Machines ($48.3M), and Metals ($16.9M).

During 2017, Honduras had a large net trade with Japan in the exports of Vegetable Products ($91.1M), Textiles ($15.2M), and Animal Products ($4.65M).

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) (2022)

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