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Pricing

2022
Flag → Flag
Exports $32.6MRnk 82 / 209
2022
Flag → Flag
Top Product $23.3MWater and Gas Generators
2022
Flag → Flag
Exports $6.89MRnk 38 / 124
2022
Flag → Flag
Top Product $2.25MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Norway-Honduras Trade: In 2022, Norway exported $32.6M to Honduras. The main products that Norway exported to Honduras were Water and Gas Generators ($23.3M), Railway Cargo Containers ($7.97M), and Small Iron Containers ($380k). Over the past 5 years the exports of Norway to Honduras have increased at an annualized rate of 48.2%, from $4.56M in 2017 to $32.6M in 2022.

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

Honduras-Norway Trade: In 2022, Honduras exported $6.89M to Norway. The main products that Honduras exported to Norway were Coffee ($2.25M), Other Processed Fruits and Nuts ($2.2M), and Melons ($1.26M). Over the past 5 years the exports of Honduras to Norway have increased at an annualized rate of 3.33%,  from $5.85M in 2017 to $6.89M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK354k and imported NOK4.32M from Honduras, resulting in a negative trade balance of NOK3.97M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-6k (-1.67%) from NOK360k to NOK354k, while imports increased by NOK2.51M (138%) from NOK1.81M to NOK4.32M.

Trade In October 2024, the top exports of Norway to Honduras were Machinery specialized for particular industries (NOK337k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK35k), Telecommunications and sound-recording and reproducing apparatus... (NOK26k), Office machines and automatic data-processing machines (NOK14k), and Manufactures of metals, n.e.s. (NOK1k). In October 2024 the top imports of Norway from Honduras were Vegetables and fruit (NOK4.14M), Coffee, tea, cocoa, spices, and manufactures... (NOK661k), Articles of apparel and clothing accessories (NOK342k), Miscellaneous manufactured articles, n.e.s. (NOK29k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK20k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-138k or -100%), Rubber manufactures, n.e.s. (NOK-72k or -100%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-25k or -41.7%). In October 2024, the increase in Norway's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Vegetables and fruit (NOK4.01M or 2.97k%), Coffee, tea, cocoa, spices, and manufactures... (NOK498k or 306%), and Articles of apparel and clothing accessories (NOK82k or 31.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-6k(-1.67%)
IMPORT GROWTH (October 2023 - October 2024)NOK2.51M(138%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Honduras and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Honduras and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $32.6M to Honduras. The main products exported from Norway to Honduras were Water and Gas Generators ($23.3M), Railway Cargo Containers ($7.97M), and Small Iron Containers ($380k). During the last 5 years the exports of Norway to Honduras have increased at an annualized rate of 48.2%, from $4.56M in 2017 to $32.6M in 2022.

In 2017, Honduras exported $6.89M to Norway. The main products exported from Honduras to Norway were Coffee ($2.25M), Other Processed Fruits and Nuts ($2.2M), and Melons ($1.26M). During the last 5 years the exports of Honduras to Norway have increased at an annualized rate of 3.33%, from $5.85M in 2022 to $6.89M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Norway than Honduras included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Honduras

Flow
Scale

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

During 2022, Norway had a large net trade with Honduras in the exports of Machines ($23.6M), Transportation ($8.08M), and Chemical Products ($453k).

During 2017, Honduras had a large net trade with Norway in the exports of Vegetable Products ($3.82M), Foodstuffs ($2.23M), and Textiles ($617k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Honduras+$159kDelivery Trucks
Top Product Potential Honduras Norway+$2.48MCoffee

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

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

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