Mexico (MEX) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Mexico-Honduras Trade: In 2023, Mexico exported $1.04B to Honduras. The main products that Mexico exported to Honduras were Video Displays ($82.3M), Packaged Medicaments ($56.5M), and Delivery Trucks ($45.3M). Over the past 5 years the exports of Mexico to Honduras have increased at an annualized rate of 4.3%, from $844M in 2018 to $1.04B in 2023.

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

Honduras-Mexico Trade: In 2023, Honduras exported $577M to Mexico. The main products that Honduras exported to Mexico were Insulated Wire ($195M), Crustaceans ($65.7M), and Knit T-shirts ($62.9M). Over the past 5 years the exports of Honduras to Mexico have increased at an annualized rate of 16.8%, from $265M in 2018 to $577M in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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, Mexico exported $1.04B to Honduras. The main products exported from Mexico to Honduras were Video Displays ($82.3M), Packaged Medicaments ($56.5M), and Delivery Trucks ($45.3M). During the last 5 years the exports of Mexico to Honduras have increased at an annualized rate of 4.3%, from $844M in 2018 to $1.04B in 2023.

In 2018, Honduras exported $577M to Mexico. The main products exported from Honduras to Mexico were Insulated Wire ($195M), Crustaceans ($65.7M), and Knit T-shirts ($62.9M). During the last 5 years the exports of Honduras to Mexico have increased at an annualized rate of 16.8%, from $265M in 2023 to $577M in 2018.

Exports from Mexico () to Honduras () (2023)

Exports from Honduras () to Mexico () (2023)

Latest Data

Trade between Mexico () and Honduras ()

Mexico Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Mexico than Honduras included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Honduras than Mexico included Haiti ($19.9M), Bangladesh ($6.03M), and Russia ($6.47M).

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

Comparative Advantage Mexico - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Honduras in the exports of Machines ($283M), Foodstuffs ($184M), and Chemical Products ($172M).

During 2018, Honduras had a large net trade with Mexico in the exports of Machines ($230M), Textiles ($161M), and Animal Products ($65.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Honduras+$11.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Honduras Mexico+$70.2MInsulated 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 Mexico and Honduras. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Mexico.

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Honduras () (2023)

Exports from Honduras () to Mexico () (2023)

Latest Data

Trade between Mexico () and Honduras ()

Mexico Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Mexico - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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