Peru (PER) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Peru-Honduras Trade: In 2023, Peru exported $96M to Honduras. The main products that Peru exported to Honduras were Refined Petroleum ($32.8M), Grapes ($8.65M), and Baked Goods ($6.5M). Over the past 5 years the exports of Peru to Honduras have increased at an annualized rate of 13.5%, from $50.9M in 2018 to $96M in 2023.

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

Honduras-Peru Trade: In 2023, Honduras exported $7.3M to Peru. The main products that Honduras exported to Peru were Felt or Coated Fabric Garments ($2.39M), Knit T-shirts ($1.06M), and Recovered Paper ($909k). Over the past 5 years the exports of Honduras to Peru have increased at an annualized rate of 1.33%, from $6.84M in 2018 to $7.3M in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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, Peru exported $96M to Honduras. The main products exported from Peru to Honduras were Refined Petroleum ($32.8M), Grapes ($8.65M), and Baked Goods ($6.5M). During the last 5 years the exports of Peru to Honduras have increased at an annualized rate of 13.5%, from $50.9M in 2018 to $96M in 2023.

In 2018, Honduras exported $7.3M to Peru. The main products exported from Honduras to Peru were Felt or Coated Fabric Garments ($2.39M), Knit T-shirts ($1.06M), and Recovered Paper ($909k). During the last 5 years the exports of Honduras to Peru have increased at an annualized rate of 1.33%, from $6.84M in 2023 to $7.3M in 2018.

Exports from Peru () to Honduras () (2023)

Exports from Honduras () to Peru () (2023)

Latest Data

Trade between Peru () and Honduras ()

Peru Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Peru than Honduras included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Honduras than Peru included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

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

Comparative Advantage Peru - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Honduras in the exports of Mineral Products ($33.1M), Vegetable Products ($16.5M), and Foodstuffs ($11.4M).

During 2018, Honduras had a large net trade with Peru in the exports of Textiles ($3.9M), Paper Goods ($923k), and Foodstuffs ($759k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Honduras+$1.63MRefined Petroleum

Top Product Potential Honduras Peru+$2.94MKnit 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 Peru and Honduras. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Honduras () (2023)

Exports from Honduras () to Peru () (2023)

Latest Data

Trade between Peru () and Honduras ()

Peru Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Peru - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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