Kuwait (KWT) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Kuwait-Honduras Trade: In 2023, Kuwait exported $798 to Honduras. The main products that Kuwait exported to Honduras were Surveying Equipment ($625) and Interior Decorative Glassware ($173). Over the past 7 years the exports of Kuwait to Honduras have decreased at an annualized rate of 33%, from $13.2k in 2016 to $798 in 2023.

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

Honduras-Kuwait Trade: In 2023, Honduras exported $735k to Kuwait. The main products that Honduras exported to Kuwait were Knit T-shirts ($239k), Coffee ($67.4k), and Knit Sweaters ($59.1k). Over the past 7 years the exports of Honduras to Kuwait have decreased at an annualized rate of 3.24%, from $866k in 2016 to $735k in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $798 to Honduras. The main products exported from Kuwait to Honduras were Surveying Equipment ($625) and Interior Decorative Glassware ($173). During the last 7 years the exports of Kuwait to Honduras have decreased at an annualized rate of 33%, from $13.2k in 2016 to $798 in 2023.

In 2018, Honduras exported $735k to Kuwait. The main products exported from Honduras to Kuwait were Knit T-shirts ($239k), Coffee ($67.4k), and Knit Sweaters ($59.1k). During the last 5 years the exports of Honduras to Kuwait have decreased at an annualized rate of 3.24%, from $866k in 2023 to $735k in 2018.

Exports from Kuwait () to Honduras () (2023)

Exports from Honduras () to Kuwait () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Kuwait than Honduras included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

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

Comparative Advantage Kuwait - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Honduras in the exports of Instruments ($625) and Stone And Glass ($173).

During 2018, Honduras had a large net trade with Kuwait in the exports of Textiles ($452k), Foodstuffs ($103k), and Vegetable Products ($96.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Honduras+$5.39kRefined Petroleum

Top Product Potential Honduras Kuwait+$1.51MKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Honduras () (2023)

Exports from Honduras () to Kuwait () (2023)

Market Competitiveness

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

Comparative Advantage Kuwait - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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