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Pricing

2022
Flag → Flag
Exports $47.6kRnk 144 / 166
2022
Flag → Flag
Top Product $47.6kCut Flowers
2022
Flag → Flag
Exports $61.5kRnk 104 / 124
2022
Flag → Flag
Top Product $60.1kCars
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Nigeria-Honduras Trade: In 2022, Nigeria exported $47.6k to Honduras. The main products that Nigeria exported to Honduras were Cut Flowers ($47.6k). Over the past 6 years the exports of Nigeria to Honduras have decreased at an annualized rate of 20.2%, from $185k in 2016 to $47.6k in 2022.

In 2022, Nigeria did not export any services to Honduras.

Honduras-Nigeria Trade: In 2022, Honduras exported $61.5k to Nigeria. The main products that Honduras exported to Nigeria were Cars ($60.1k), Washing and Bottling Machines ($684), and Iron Pipe Fittings ($641). Over the past 6 years the exports of Honduras to Nigeria have increased at an annualized rate of 14.6%,  from $31.2k in 2016 to $61.5k in 2022.

In 2022, Honduras did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $47.6k to Honduras. The main products exported from Nigeria to Honduras were Cut Flowers ($47.6k). During the last 6 years the exports of Nigeria to Honduras have decreased at an annualized rate of 20.2%, from $185k in 2016 to $47.6k in 2022.

In 2017, Honduras exported $61.5k to Nigeria. The main products exported from Honduras to Nigeria were Cars ($60.1k), Washing and Bottling Machines ($684), and Iron Pipe Fittings ($641). During the last 5 years the exports of Honduras to Nigeria have increased at an annualized rate of 14.6%, from $31.2k in 2022 to $61.5k in 2017.

Exports from Nigeria (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Honduras (Flag)

Honduras Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Nigeria than Honduras included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Honduras than Nigeria included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

Difference in imports from Honduras (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Honduras

Flow
Scale

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

During 2022, Nigeria had a large net trade with Honduras in the exports of Vegetable Products ($47.6k).

During 2017, Honduras had a large net trade with Nigeria in the exports of Transportation ($60.1k), Machines ($684), and Metals ($649).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Honduras+$22.4kCut Flowers
Top Product Potential Honduras Nigeria+$121kCars

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

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

Product Space of Nigeria (Flag) and Honduras (Flag) (2022)

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