Paraguay (PRY) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Paraguay-Honduras Trade: In 2022, Paraguay exported $1.57M to Honduras. The main products that Paraguay exported to Honduras were Packaged Medicaments ($1.01M), Starches ($239k), and Raw Tobacco ($224k). Over the past 5 years the exports of Paraguay to Honduras have increased at an annualized rate of 5.14%, from $1.22M in 2017 to $1.57M in 2022.

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

Honduras-Paraguay Trade: In 2022, Honduras exported $304k to Paraguay. The main products that Honduras exported to Paraguay were Knit T-shirts ($119k), Recovered Paper ($76.2k), and Knit Sweaters ($31.8k). Over the past 5 years the exports of Honduras to Paraguay have increased at an annualized rate of 13.3%, from $163k in 2017 to $304k in 2022.

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

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $1.57M to Honduras. The main products exported from Paraguay to Honduras were Packaged Medicaments ($1.01M), Starches ($239k), and Raw Tobacco ($224k). During the last 5 years the exports of Paraguay to Honduras have increased at an annualized rate of 5.14%, from $1.22M in 2017 to $1.57M in 2022.

In 2017, Honduras exported $304k to Paraguay. The main products exported from Honduras to Paraguay were Knit T-shirts ($119k), Recovered Paper ($76.2k), and Knit Sweaters ($31.8k). During the last 5 years the exports of Honduras to Paraguay have increased at an annualized rate of 13.3%, from $163k in 2022 to $304k in 2017.

Exports from Paraguay () to Honduras () (2022)

Exports from Honduras () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Honduras ()

Paraguay Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Paraguay than Honduras included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Difference in imports from Honduras () and Paraguay () (2022)

Comparative Advantage Paraguay - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Honduras in the exports of Chemical Products ($1.01M), Vegetable Products ($239k), and Foodstuffs ($225k).

During 2017, Honduras had a large net trade with Paraguay in the exports of Textiles ($220k), Paper Goods ($76.3k), and Metals ($3.13k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Honduras+$375kPackaged Medicaments

Top Product Potential Honduras Paraguay+$293kKnit 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 Paraguay and Honduras. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Paraguay.

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Honduras () (2022)

Exports from Honduras () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Honduras ()

Paraguay Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Paraguay () (2022)

Comparative Advantage Paraguay - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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