Liberia (LBR) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Liberia-Honduras Trade: In 2023, Liberia exported $1.03k to Honduras. The main products that Liberia exported to Honduras were Engine Parts ($1.03k). Over the past 14 years the exports of Liberia to Honduras have increased at an annualized rate of 14.7%, from $152 in 2009 to $1.03k in 2023.

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

Honduras-Liberia Trade: In 2023, Honduras exported $9 to Liberia. The main products that Honduras exported to Liberia were Rubber Footwear ($9). Over the past 14 years the exports of Honduras to Liberia have decreased at an annualized rate of 73.5%, from $25.8k in 2009 to $9 in 2023.

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

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). 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, Liberia exported $1.03k to Honduras. The main products exported from Liberia to Honduras were Engine Parts ($1.03k). During the last 14 years the exports of Liberia to Honduras have increased at an annualized rate of 14.7%, from $152 in 2009 to $1.03k in 2023.

In 2018, Honduras exported $9 to Liberia. The main products exported from Honduras to Liberia were Rubber Footwear ($9). During the last 5 years the exports of Honduras to Liberia have decreased at an annualized rate of 73.5%, from $25.8k in 2023 to $9 in 2018.

Exports from Liberia () to Honduras () (2023)

Exports from Honduras () to Liberia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Liberia than Honduras included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

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

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

Comparative Advantage Liberia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Honduras in the exports of Machines ($1.03k).

During 2018, Honduras had a large net trade with Liberia in the exports of Footwear and Headwear ($9).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Honduras+$2.72kRefined Petroleum

Top Product Potential Honduras Liberia+$1.69kInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Honduras () (2023)

Exports from Honduras () to Liberia () (2023)

Market Competitiveness

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

Comparative Advantage Liberia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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