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2022
Flag → Flag
Exports $54.6MRnk 27 / 163
2022
Flag → Flag
Top Product $19.1MRaw Tobacco
2022
Flag → Flag
Exports $140MRnk 12 / 124
2022
Flag → Flag
Top Product $28.2MScented Mixtures
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Dominican Republic-Honduras Trade: In 2022, Dominican Republic exported $54.6M to Honduras. The main products that Dominican Republic exported to Honduras were Raw Tobacco ($19.1M), Packaged Medicaments ($9.45M), and Scrap Plastic ($4.52M). Over the past 5 years the exports of Dominican Republic to Honduras have increased at an annualized rate of 12.8%, from $29.9M in 2017 to $54.6M in 2022.

In 2022, Dominican Republic did not export any services to Honduras.

Honduras-Dominican Republic Trade: In 2022, Honduras exported $140M to Dominican Republic. The main products that Honduras exported to Dominican Republic were Scented Mixtures ($28.2M), Raw Tobacco ($22.6M), and Prepared Cereals ($15.8M). Over the past 5 years the exports of Honduras to Dominican Republic have increased at an annualized rate of 15.3%,  from $68.5M in 2017 to $140M in 2022.

In 2022, Honduras did not export any services to Dominican Republic.

Comparison: In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B). 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
Value

In 2022, Dominican Republic exported $54.6M to Honduras. The main products exported from Dominican Republic to Honduras were Raw Tobacco ($19.1M), Packaged Medicaments ($9.45M), and Scrap Plastic ($4.52M). During the last 5 years the exports of Dominican Republic to Honduras have increased at an annualized rate of 12.8%, from $29.9M in 2017 to $54.6M in 2022.

In 2017, Honduras exported $140M to Dominican Republic. The main products exported from Honduras to Dominican Republic were Scented Mixtures ($28.2M), Raw Tobacco ($22.6M), and Prepared Cereals ($15.8M). During the last 5 years the exports of Honduras to Dominican Republic have increased at an annualized rate of 15.3%, from $68.5M in 2022 to $140M in 2017.

Exports from Dominican Republic (Flag) to Honduras (Flag) (2022)

Exports from Honduras (Flag) to Dominican Republic (Flag) (2022)

Latest Data

Trade between Dominican Republic (Flag) and Honduras (Flag)

Dominican Republic Exports

Honduras Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Dominican Republic than Honduras included Switzerland ($1.08B), Haiti ($1.02B), and United States ($6.85B).

In 2022, countries that imported more from Honduras than Dominican Republic included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

Difference in imports from Honduras (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Honduras

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Honduras in the exports of Foodstuffs ($20.9M), Chemical Products ($10.7M), and Plastics and Rubbers ($8.32M).

During 2017, Honduras had a large net trade with Dominican Republic in the exports of Foodstuffs ($57.3M), Chemical Products ($39.7M), and Textiles ($18.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Honduras+$3.15kKnit T-shirts
Top Product Potential Honduras Dominican Republic+$3.79kInsulated 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 Dominican Republic and Honduras. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Dominican Republic.

Product Space of Dominican Republic (Flag) and Honduras (Flag) (2022)

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