2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186

About

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
Value

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 (Flag) to Honduras (Flag) (2022)

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

Latest Data

Trade between Paraguay (Flag) and Honduras (Flag)

Paraguay Exports

Honduras Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Honduras
Top Destination
United 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 (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - Honduras

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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