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Pricing

2022
Flag → Flag
Exports $141MRnk 104 / 220
2022
Flag → Flag
Top Product $34.7MInsulated Wire
2022
Flag → Flag
Exports $107MRnk 15 / 124
2022
Flag → Flag
Top Product $33.7MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

South Korea-Honduras Trade: In 2022, South Korea exported $141M to Honduras. The main products that South Korea exported to Honduras were Insulated Wire ($34.7M), Cars ($16.7M), and Delivery Trucks ($15.7M). Over the past 5 years the exports of South Korea to Honduras have decreased at an annualized rate of 0.41%, from $144M in 2017 to $141M in 2022.

In 2022, South Korea did not export any services to Honduras.

Honduras-South Korea Trade: In 2022, Honduras exported $107M to South Korea. The main products that Honduras exported to South Korea were Coffee ($33.7M), Lead Ore ($25.9M), and Zinc Ore ($20.5M). Over the past 5 years the exports of Honduras to South Korea have increased at an annualized rate of 25.1%,  from $35M in 2017 to $107M in 2022.

In 2022, Honduras did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $14M and imported $3.6M from Honduras, resulting in a positive trade balance of $10.4M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-995k (-6.66%) from $14.9M to $14M, while imports decreased by $-404k (-10.1%) from $4.01M to $3.6M.

Trade In September 2024, the top exports of South Korea to Honduras were Cars, tractors, trucks & parts thereof. ($4.98M), Electrical machinery and electronics ($3.31M), Machinery, mechanical appliances, & parts ($770k), Plastics & articles thereof ($251k), and Rubber & articles thereof ($172k). In September 2024 the top imports of South Korea from Honduras were Coffee, tea, mate & spices ($719k), Knitted clothing accesories ($560k), Copper articles ($559k), Aluminum articles ($208k), and Non-knitted clothing accesories ($127k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.98M or -72%), Paints, dyes, & varnishes ($-422k or -82.9%), and Chemical products n.e.s. ($-368k or -85.4%). In September 2024, the decrease in South Korea's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings ($-38k or -95%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-995k(-6.66%)
IMPORT GROWTH (September 2023 - September 2024)$-404k(-10.1%)

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

To check Honduras and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $141M to Honduras. The main products exported from South Korea to Honduras were Insulated Wire ($34.7M), Cars ($16.7M), and Delivery Trucks ($15.7M). During the last 5 years the exports of South Korea to Honduras have decreased at an annualized rate of 0.41%, from $144M in 2017 to $141M in 2022.

In 2017, Honduras exported $107M to South Korea. The main products exported from Honduras to South Korea were Coffee ($33.7M), Lead Ore ($25.9M), and Zinc Ore ($20.5M). During the last 5 years the exports of Honduras to South Korea have increased at an annualized rate of 25.1%, from $35M in 2022 to $107M in 2017.

Exports from South Korea (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from South Korea than Honduras included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Honduras (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Honduras

Flow
Scale

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

During 2022, South Korea had a large net trade with Honduras in the exports of Machines ($57.4M), Transportation ($39.2M), and Chemical Products ($20.4M).

During 2017, Honduras had a large net trade with South Korea in the exports of Mineral Products ($46.4M), Vegetable Products ($33.7M), and Foodstuffs ($12.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Honduras+$10.9MCars
Top Product Potential Honduras South Korea+$11.4MCoffee

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

Product Space of South Korea (Flag) and Honduras (Flag) (2022)

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