Turkey (TUR) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Turkey-Honduras Trade: In 2023, Turkey exported $48.9M to Honduras. The main products that Turkey exported to Honduras were Iron Blocks ($5.91M), Other Firearms ($2.44M), and Hot-Rolled Iron Bars ($2.05M). Over the past 5 years the exports of Turkey to Honduras have increased at an annualized rate of 4.43%, from $39.4M in 2018 to $48.9M in 2023.

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

Honduras-Turkey Trade: In 2023, Honduras exported $12.5M to Turkey. The main products that Honduras exported to Turkey were Textile Scraps ($5.68M), Coffee ($2.78M), and Synthetic Coloring Matter ($1.15M). Over the past 5 years the exports of Honduras to Turkey have increased at an annualized rate of 12.1%, from $3.57M in 2018 to $12.5M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $48.9M to Honduras. The main products exported from Turkey to Honduras were Iron Blocks ($5.91M), Other Firearms ($2.44M), and Hot-Rolled Iron Bars ($2.05M). During the last 5 years the exports of Turkey to Honduras have increased at an annualized rate of 4.43%, from $39.4M in 2018 to $48.9M in 2023.

In 2018, Honduras exported $12.5M to Turkey. The main products exported from Honduras to Turkey were Textile Scraps ($5.68M), Coffee ($2.78M), and Synthetic Coloring Matter ($1.15M). During the last 5 years the exports of Honduras to Turkey have increased at an annualized rate of 12.1%, from $3.57M in 2023 to $12.5M in 2018.

Exports from Turkey () to Honduras () (2023)

Exports from Honduras () to Turkey () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Turkey than Honduras included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

In 2023, countries that imported more from Honduras than Turkey included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

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

Comparative Advantage Turkey - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Honduras in the exports of Metals ($12.1M), Textiles ($8.74M), and Machines ($8.61M).

During 2018, Honduras had a large net trade with Turkey in the exports of Textiles ($6.29M), Vegetable Products ($2.93M), and Chemical Products ($1.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Honduras+$1.63MRefined Petroleum

Top Product Potential Honduras Turkey+N/AN/A

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Honduras () (2023)

Exports from Honduras () to Turkey () (2023)

Market Competitiveness

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

Comparative Advantage Turkey - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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