Somalia (SOM) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Somalia-Honduras Trade: In 2023, Somalia exported $2.38k to Honduras. The main products that Somalia exported to Honduras were Plastic Housewares ($2.38k). Over the past 7 years the exports of Somalia to Honduras have increased at an annualized rate of 91.8%, from $25 in 2016 to $2.38k in 2023.

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

Honduras-Somalia In false, Honduras did not export any products to Somalia.

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

Comparison In 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. 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, Somalia exported $2.38k to Honduras. The main products exported from Somalia to Honduras were Plastic Housewares ($2.38k). During the last 7 years the exports of Somalia to Honduras have increased at an annualized rate of 91.8%, from $25 in 2016 to $2.38k in 2023.

Honduras does not register exports to Somalia.

Exports from Somalia () to Honduras () (2023)

Exports from Honduras () to Somalia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Somalia than Honduras included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

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

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

Comparative Advantage Somalia - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Honduras in the exports of Plastics and Rubbers ($2.38k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Honduras+$1.07kGold

Top Product Potential Honduras Somalia+$2.36kRolled Tobacco

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Honduras () (2023)

Exports from Honduras () to Somalia () (2023)

Market Competitiveness

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

Comparative Advantage Somalia - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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