Tanzania (TZA) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Tanzania-Honduras Trade: In 2023, Tanzania exported $190k to Honduras. The main products that Tanzania exported to Honduras were Sowing Seeds ($184k), Non-Knit Men's Suits ($4.36k), and Other Processed Fruits and Nuts ($749). Over the past 6 years the exports of Tanzania to Honduras have decreased at an annualized rate of 7.04%, from $294k in 2017 to $190k in 2023.

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

Honduras-Tanzania Trade: In 2023, Honduras exported $6.48k to Tanzania. The main products that Honduras exported to Tanzania were Bells and Other Metal Ornaments ($1.44k), Other Furniture ($771), and Used Clothing ($629). Over the past 6 years the exports of Honduras to Tanzania have decreased at an annualized rate of 22.9%, from $23.8k in 2017 to $6.48k in 2023.

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

Comparison: In 2023, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B). 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, Tanzania exported $190k to Honduras. The main products exported from Tanzania to Honduras were Sowing Seeds ($184k), Non-Knit Men's Suits ($4.36k), and Other Processed Fruits and Nuts ($749). During the last 6 years the exports of Tanzania to Honduras have decreased at an annualized rate of 7.04%, from $294k in 2017 to $190k in 2023.

In 2018, Honduras exported $6.48k to Tanzania. The main products exported from Honduras to Tanzania were Bells and Other Metal Ornaments ($1.44k), Other Furniture ($771), and Used Clothing ($629). During the last 5 years the exports of Honduras to Tanzania have decreased at an annualized rate of 22.9%, from $23.8k in 2023 to $6.48k in 2018.

Exports from Tanzania () to Honduras () (2023)

Exports from Honduras () to Tanzania () (2023)

Latest Data

Trade between Tanzania () and Honduras ()

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Tanzania
Top DestinationIndia$1.74B

Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from Tanzania than Honduras included India ($1.74B), United Arab Emirates ($1.62B), and Uganda ($1.35B).

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

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

Comparative Advantage Tanzania - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Tanzania had a large net trade with Honduras in the exports of Vegetable Products ($184k), Textiles ($4.45k), and Foodstuffs ($749).

During 2018, Honduras had a large net trade with Tanzania in the exports of Metals ($1.79k), Miscellaneous ($1.69k), and Textiles ($928).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Tanzania Honduras+$2.59kCorn

Top Product Potential Honduras Tanzania+$29.2kUsed Clothing

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

About

Historical Data

Bilateral Trade by Products

Exports from Tanzania () to Honduras () (2023)

Exports from Honduras () to Tanzania () (2023)

Latest Data

Trade between Tanzania () and Honduras ()

Honduras Exports

Market Competitiveness

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

Comparative Advantage Tanzania - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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