North Macedonia (MKD) and Honduras (HND) Trade | The Observatory of Economic Complexity

About

North Macedonia-Honduras Trade: In 2023, North Macedonia exported $86.7k to Honduras. The main products that North Macedonia exported to Honduras were Insulated Wire ($74.7k), Other Plastic Products ($3.7k), and Smoking Pipes ($3.4k). Over the past 6 years the exports of North Macedonia to Honduras have increased at an annualized rate of 36.1%, from $13.6k in 2017 to $86.7k in 2023.

In 2023, North Macedonia did not export any services to Honduras.

Honduras-North Macedonia Trade: In 2023, Honduras exported $49k to North Macedonia. The main products that Honduras exported to North Macedonia were Rolled Tobacco ($33.2k), Knit T-shirts ($5.88k), and Other Processed Fruits and Nuts ($5.34k). Over the past 6 years the exports of Honduras to North Macedonia have decreased at an annualized rate of 6.5%, from $68.6k in 2017 to $49k in 2023.

In 2023, Honduras did not export any services to North Macedonia.

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. 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, North Macedonia exported $86.7k to Honduras. The main products exported from North Macedonia to Honduras were Insulated Wire ($74.7k), Other Plastic Products ($3.7k), and Smoking Pipes ($3.4k). During the last 6 years the exports of North Macedonia to Honduras have increased at an annualized rate of 36.1%, from $13.6k in 2017 to $86.7k in 2023.

In 2018, Honduras exported $49k to North Macedonia. The main products exported from Honduras to North Macedonia were Rolled Tobacco ($33.2k), Knit T-shirts ($5.88k), and Other Processed Fruits and Nuts ($5.34k). During the last 5 years the exports of Honduras to North Macedonia have decreased at an annualized rate of 6.5%, from $68.6k in 2023 to $49k in 2018.

Exports from North Macedonia () to Honduras () (2023)

Exports from Honduras () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Honduras ()

North Macedonia Exports

Date

Sep 2017

Feb 2016

Mar 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from North Macedonia than Honduras included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

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

Difference in imports from Honduras () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Honduras in the exports of Machines ($76.1k), Miscellaneous ($5.44k), and Plastics and Rubbers ($4.12k).

During 2018, Honduras had a large net trade with North Macedonia in the exports of Foodstuffs ($38.6k), Textiles ($7.57k), and Vegetable Products ($1.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Honduras+$2.64kRefined Petroleum

Top Product Potential Honduras North Macedonia+$30.8kRolled Tobacco

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Honduras. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Honduras () (2023)

Exports from Honduras () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Honduras ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Honduras () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Honduras

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Honduras () (2023)

Keep Exploring