Mongolia (MNG) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Mongolia-Honduras Trade: In 2019, Mongolia exported $362 to Honduras. The main products that Mongolia exported to Honduras were N/A. Over the past 17 years the exports of Mongolia to Honduras have decreased at an annualized rate of 19%, from $13.1k in 2002 to $362 in 2019.

In 2019, Mongolia did not export any services to Honduras.

Honduras-Mongolia Trade: In 2019, Honduras exported $19.7k to Mongolia. The main products that Honduras exported to Mongolia were N/A. Over the past 17 years the exports of Honduras to Mongolia have increased at an annualized rate of 30.2%, from $5.28k in 2002 to $19.7k in 2019.

In 2019, Honduras did not export any services to Mongolia.

Comparison: In 2023, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). 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 2019, Mongolia exported $362 to Honduras. There were not main exports from Mongolia to Honduras in 2019. During the last 17 years the exports of Mongolia to Honduras have decreased at an annualized rate of 19%, from $13.1k in 2002 to $362 in 2019.

In 2017, Honduras exported $19.7k to Mongolia. There were not main exports from Honduras to Mongolia in 2017. During the last 5 years the exports of Honduras to Mongolia have increased at an annualized rate of 30.2%, from $5.28k in 2022 to $19.7k in 2017.

Exports from Mongolia () to Honduras () (2022)

Exports from Honduras () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Mongolia than Honduras included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

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

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

Comparative Advantage Mongolia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Mongolia had a large net trade with Honduras in the exports of .

During 2017, Honduras had a large net trade with Mongolia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Honduras+$2.44kCoal Briquettes

Top Product Potential Honduras Mongolia+$33.8kKnit 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 Mongolia and Honduras. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Mongolia.

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Honduras () (2022)

Exports from Honduras () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Honduras () (2022)

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