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Pricing

2023
Flag → Flag
Exports $191MRnk 71 / 137
2023
Flag → Flag
Top Product $75.3MNitrogenous Fertilizers
2023
Flag → Flag
Exports $6.47MRnk 45 / 142
2023
Flag → Flag
Top Product $6.37MCoffee
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
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GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
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GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Russia-Honduras Trade: In 2023, Russia exported $191M to Honduras. The main products that Russia exported to Honduras were Nitrogenous Fertilizers ($75.3M), Semi-Finished Iron ($62.2M), and Malt ($20.9M). Over the past 6 years the exports of Russia to Honduras have increased at an annualized rate of 20.2%, from $63.4M in 2017 to $191M in 2023.

In 2020, Russia exported services to Honduras worth $461k, with Communications services ($221k), Computer and information services ($197k), and Transportation ($34k) being the largest in terms of value.

Honduras-Russia Trade: In 2023, Honduras exported $6.47M to Russia. The main products that Honduras exported to Russia were Coffee ($6.37M), Potassic Fertilizers ($51k), and Nitrogenous Fertilizers ($45k). Over the past 6 years the exports of Honduras to Russia have decreased at an annualized rate of 20.6%,  from $20.5M in 2017 to $6.47M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $2.38M and imported $245k from Honduras, resulting in a positive trade balance of $2.14M. Between January 2021 and January 2022 the exports of Russia have increased by $1.07M (80.9%) from $1.32M to $2.38M, while imports decreased by $-2.43M (-90.8%) from $2.68M to $245k.

Trade In January 2022, the top exports of Russia to Honduras were Nitrogenous Fertilizers ($499k), Raw Aluminium ($388k), Nitrites and Nitrates ($237k), Carbonates ($91.9k), and Kraft Paper ($68.9k). In January 2022 the top imports of Russia from Honduras were Coffee ($2.36M), Used Clothing ($144k), Knit T-shirts ($76.5k), Cassava ($40.1k), and Polishes and Creams ($26.8k).

Origins In January 2022 the exports of Russia were mainly from TULA REGION ($912k), TVER REGION ($580k), PERM TERRITORY ($392k), REPUBLIC OF KARELIA ($383k), and REPUBLIC OF BURYATIA ($39.2k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($222k), MOSCOW REGION ($12.8k), ST. PETERSBURG ($9.35k), UDMURTIAN REPUBLIC ($504), and KALININGRAD REGION ($13.8).

Growth In January 2022, the increase in Russia's year-by-year exports to Honduras was explained primarily by an increase in product exports in Other Wood Articles ($2k or 17.7%). In January 2022, the decrease in Russia's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Knit T-shirts ($-103k or -57.5%), Motor vehicles; parts and accessories (8701... ($-576 or -68%), and Electrical Transformers ($-565 or -74.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$1.07M(80.9%)
IMPORT GROWTH (January 2021 - January 2022)$-2.43M(-90.8%)
MAIN EXPORTER (January 2022)TULA REGION$912k

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

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

For full datasets download visit Bulk Download page.

Explore Honduras and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $191M to Honduras. The main products exported from Russia to Honduras were Nitrogenous Fertilizers ($75.3M), Semi-Finished Iron ($62.2M), and Malt ($20.9M). During the last 6 years the exports of Russia to Honduras have increased at an annualized rate of 20.2%, from $63.4M in 2017 to $191M in 2023.

In 2018, Honduras exported $6.47M to Russia. The main products exported from Honduras to Russia were Coffee ($6.37M), Potassic Fertilizers ($51k), and Nitrogenous Fertilizers ($45k). During the last 5 years the exports of Honduras to Russia have decreased at an annualized rate of 20.6%, from $20.5M in 2023 to $6.47M in 2018.

Exports from Russia (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Russia than Honduras included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Honduras than Russia included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

Difference in imports from Honduras (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Honduras

Flow
Scale

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

During 2023, Russia had a large net trade with Honduras in the exports of Chemical Products ($108M), Metals ($62.5M), and Vegetable Products ($20.9M).

During 2018, Honduras had a large net trade with Russia in the exports of Vegetable Products ($6.37M) and Chemical Products ($96k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Honduras+$8.15kRefined Petroleum
Top Product Potential Honduras Russia+$5.65kCoffee

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

Product Space of Russia (Flag) and Honduras (Flag) (2023)

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