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Pricing

2023
Flag → Flag
Exports $1.59MRnk 57 / 123
2023
Flag → Flag
Top Product $779kPlastic Lids
2023
Flag → Flag
Exports $5.25MRnk 50 / 142
2023
Flag → Flag
Top Product $1.58MRaw Sugar
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Trinidad and Tobago-Honduras Trade: In 2023, Trinidad and Tobago exported $1.59M to Honduras. The main products that Trinidad and Tobago exported to Honduras were Plastic Lids ($779k), Amino-resins ($656k), and Prepared Cereals ($61.6k). Over the past 5 years the exports of Trinidad and Tobago to Honduras have decreased at an annualized rate of 15.4%, from $3.66M in 2018 to $1.59M in 2023.

In 2023, Trinidad and Tobago did not export any services to Honduras.

Honduras-Trinidad and Tobago Trade: In 2023, Honduras exported $5.25M to Trinidad and Tobago. The main products that Honduras exported to Trinidad and Tobago were Raw Sugar ($1.58M), Carbonates ($1.1M), and Wadding ($880k). Over the past 5 years the exports of Honduras to Trinidad and Tobago have decreased at an annualized rate of 1.83%,  from $5.97M in 2018 to $5.25M in 2023.

In 2023, Honduras did not export any services to Trinidad and Tobago.

Comparison In 2023,  Trinidad and Tobago ranked 98 in total exports ($11.7B), 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
Value

In 2023, Trinidad and Tobago exported $1.59M to Honduras. The main products exported from Trinidad and Tobago to Honduras were Plastic Lids ($779k), Amino-resins ($656k), and Prepared Cereals ($61.6k). During the last 5 years the exports of Trinidad and Tobago to Honduras have decreased at an annualized rate of 15.4%, from $3.66M in 2018 to $1.59M in 2023.

In 2018, Honduras exported $5.25M to Trinidad and Tobago. The main products exported from Honduras to Trinidad and Tobago were Raw Sugar ($1.58M), Carbonates ($1.1M), and Wadding ($880k). During the last 5 years the exports of Honduras to Trinidad and Tobago have decreased at an annualized rate of 1.83%, from $5.97M in 2023 to $5.25M in 2018.

Exports from Trinidad and Tobago (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Trinidad and Tobago (Flag) (2023)

Latest Data

Trade between Trinidad and Tobago (Flag) and Honduras (Flag)

Trinidad and Tobago Exports

Honduras Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Trinidad and Tobago than Honduras included China ($783M), Guyana ($625M), and Chile ($605M).

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

Difference in imports from Honduras (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - Honduras

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Honduras in the exports of Plastics and Rubbers ($1.44M), Foodstuffs ($68.8k), and Chemical Products ($44.4k).

During 2018, Honduras had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($1.58M), Chemical Products ($1.11M), and Textiles ($880k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Honduras+$3.86kPetroleum Gas
Top Product Potential Honduras Trinidad and Tobago+$2.18kInsulated 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 Trinidad and Tobago and Honduras. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Trinidad and Tobago.

Product Space of Trinidad and Tobago (Flag) and Honduras (Flag) (2023)

Keep Exploring

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