Venezuela (VEN) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Venezuela-Honduras Trade: In 2021, Venezuela exported $565k to Honduras. The main products that Venezuela exported to Honduras were N/A. Over the past 5 years the exports of Venezuela to Honduras have decreased at an annualized rate of 15.7%, from $1.33M in 2016 to $565k in 2021.

In 2021, Venezuela did not export any services to Honduras.

Honduras-Venezuela Trade: In 2021, Honduras exported $257k to Venezuela. The main products that Honduras exported to Venezuela were N/A. Over the past 5 years the exports of Honduras to Venezuela have decreased at an annualized rate of 53.6%, from $11.9M in 2016 to $257k in 2021.

In 2021, Honduras did not export any services to Venezuela.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Venezuela exported $565k to Honduras. There were not main exports from Venezuela to Honduras in 2021. During the last 5 years the exports of Venezuela to Honduras have decreased at an annualized rate of 15.7%, from $1.33M in 2016 to $565k in 2021.

In 2016, Honduras exported $257k to Venezuela. There were not main exports from Honduras to Venezuela in 2016. During the last 5 years the exports of Honduras to Venezuela have decreased at an annualized rate of 53.6%, from $11.9M in 2021 to $257k in 2016.

Exports from Venezuela () to Honduras () (2021)

Exports from Honduras () to Venezuela () (2021)

Latest Data

Trade between Venezuela () and Honduras ()

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Venezuela than Honduras included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Honduras than Venezuela included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

Difference in imports from Honduras () and Venezuela () (2022)

Comparative Advantage Venezuela - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Venezuela had a large net trade with Honduras in the exports of .

During 2016, Honduras had a large net trade with Venezuela in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and Honduras. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Honduras () (2021)

Exports from Honduras () to Venezuela () (2021)

Latest Data

Trade between Venezuela () and Honduras ()

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and Venezuela () (2022)

Comparative Advantage Venezuela - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Honduras () (2021)

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