Morocco (MAR) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Morocco-Honduras Trade: In 2023, Morocco exported $13.5M to Honduras. The main products that Morocco exported to Honduras were Mixed Mineral or Chemical Fertilizers ($8.94M), Non-Knit Women's Suits ($1.32M), and Non-Knit Women's Shirts ($564k). Over the past 5 years the exports of Morocco to Honduras have increased at an annualized rate of 36.8%, from $2.81M in 2018 to $13.5M in 2023.

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

Honduras-Morocco Trade: In 2023, Honduras exported $5.1M to Morocco. The main products that Honduras exported to Morocco were Palm Oil ($3.31M), Coffee ($1.27M), and Crustaceans ($161k). Over the past 5 years the exports of Honduras to Morocco have increased at an annualized rate of 38.4%, from $1M in 2018 to $5.1M in 2023.

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

Comparison: In 2023, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B). 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, Morocco exported $13.5M to Honduras. The main products exported from Morocco to Honduras were Mixed Mineral or Chemical Fertilizers ($8.94M), Non-Knit Women's Suits ($1.32M), and Non-Knit Women's Shirts ($564k). During the last 5 years the exports of Morocco to Honduras have increased at an annualized rate of 36.8%, from $2.81M in 2018 to $13.5M in 2023.

In 2018, Honduras exported $5.1M to Morocco. The main products exported from Honduras to Morocco were Palm Oil ($3.31M), Coffee ($1.27M), and Crustaceans ($161k). During the last 5 years the exports of Honduras to Morocco have increased at an annualized rate of 38.4%, from $1M in 2023 to $5.1M in 2018.

Exports from Morocco () to Honduras () (2023)

Exports from Honduras () to Morocco () (2023)

Latest Data

Trade between Morocco () and Honduras ()

Morocco Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Morocco than Honduras included Spain ($9.8B), France ($8.23B), and Germany ($2.89B).

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

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

Comparative Advantage Morocco - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with Honduras in the exports of Chemical Products ($8.94M), Textiles ($4.12M), and Foodstuffs ($261k).

During 2018, Honduras had a large net trade with Morocco in the exports of Animal and Vegetable Bi-Products ($3.31M), Vegetable Products ($1.27M), and Machines ($168k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco Honduras+$2.87MInsulated Wire

Top Product Potential Honduras Morocco+$1.26MCoffee

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

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Historical Data

Bilateral Trade by Products

Exports from Morocco () to Honduras () (2023)

Exports from Honduras () to Morocco () (2023)

Latest Data

Trade between Morocco () and Honduras ()

Morocco Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Morocco - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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