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Pricing

2022
Flag → Flag
Exports $1.26MRnk 132 / 205
2022
Flag → Flag
Top Product $458kPlastic Lids
2022
Flag → Flag
Exports $2.86MRnk 54 / 124
2022
Flag → Flag
Top Product $2.29MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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 $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Philippines-Honduras Trade: In 2022, Philippines exported $1.26M to Honduras. The main products that Philippines exported to Honduras were Plastic Lids ($458k), Coated Metal Soldering Products ($423k), and Rubber Textile Fabric ($297k). Over the past 5 years the exports of Philippines to Honduras have decreased at an annualized rate of 31.4%, from $8.31M in 2017 to $1.26M in 2022.

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

Honduras-Philippines Trade: In 2022, Honduras exported $2.86M to Philippines. The main products that Honduras exported to Philippines were Raw Tobacco ($2.29M), Coffee ($209k), and Knit T-shirts ($66.6k). Over the past 5 years the exports of Honduras to Philippines have increased at an annualized rate of 29%,  from $802k in 2017 to $2.86M in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $462k and imported $140k from Honduras, resulting in a positive trade balance of $321k. Between August 2023 and August 2024 the exports of Philippines have increased by $247k (115%) from $215k to $462k, while imports increased by $20.7k (17.3%) from $120k to $140k.

Trade In August 2024, the top exports of Philippines to Honduras were Commodities not elsewhere specified ($7.22k) and Insulated Wire ($3.5k). In August 2024 the top imports of Philippines from Honduras were Coffee ($116k), Knit T-shirts ($17.7k), Other Plastic Products ($499), Insulated Wire ($172), and Commodities not elsewhere specified ($99).

Growth In August 2024, the increase in Philippines's year-by-year exports to Honduras was explained primarily by an increase in product exports in Commodities not elsewhere specified ($2.04k or 39.4%). In August 2024, the increase in Philippines's year-by-year imports  from Honduras was explained primarily by an increase in product imports  in Knit T-shirts ($17.5k or 7.73k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$247k(115%)
IMPORT GROWTH (August 2023 - August 2024)$20.7k(17.3%)

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $1.26M to Honduras. The main products exported from Philippines to Honduras were Plastic Lids ($458k), Coated Metal Soldering Products ($423k), and Rubber Textile Fabric ($297k). During the last 5 years the exports of Philippines to Honduras have decreased at an annualized rate of 31.4%, from $8.31M in 2017 to $1.26M in 2022.

In 2017, Honduras exported $2.86M to Philippines. The main products exported from Honduras to Philippines were Raw Tobacco ($2.29M), Coffee ($209k), and Knit T-shirts ($66.6k). During the last 5 years the exports of Honduras to Philippines have increased at an annualized rate of 29%, from $802k in 2022 to $2.86M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Philippines than Honduras included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Honduras than Philippines included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

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

Comparative Advantage Philippines - Honduras

Flow
Scale

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

During 2022, Philippines had a large net trade with Honduras in the exports of Plastics and Rubbers ($459k), Metals ($425k), and Textiles ($297k).

During 2017, Honduras had a large net trade with Philippines in the exports of Foodstuffs ($2.29M), Vegetable Products ($209k), and Textiles ($182k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Honduras+$3.77kInsulated Wire
Top Product Potential Honduras Philippines+$5.14kInsulated Wire

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

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

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