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2022
Flag → Flag
Exports $372MRnk 7 / 124
2022
Flag → Flag
Top Product $69.8MCoffee
2022
Flag → Flag
Exports $35.4MRnk 115 / 215
2022
Flag → Flag
Top Product $7.57MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Honduras-Canada Trade: In 2022, Honduras exported $372M to Canada. The main products that Honduras exported to Canada were Coffee ($69.8M), Knit T-shirts ($58.6M), and Knit Sweaters ($52.4M). Over the past 5 years the exports of Honduras to Canada have increased at an annualized rate of 11.8%, from $213M in 2017 to $372M in 2022.

In 2022, Honduras did not export any services to Canada.

Canada-Honduras Trade: In 2022, Canada exported $35.4M to Honduras. The main products that Canada exported to Honduras were Potassic Fertilizers ($7.57M), Pig Meat ($4.2M), and Rubberworking Machinery ($1.41M). Over the past 5 years the exports of Canada to Honduras have decreased at an annualized rate of 4.91%,  from $45.5M in 2017 to $35.4M in 2022.

In 2020, Canada exported services to Honduras worth $6.71M, with Travel ($6.71M) being the largest in terms of value.

Comparison: In 2022,  Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $372M to Canada. The main products exported from Honduras to Canada were Coffee ($69.8M), Knit T-shirts ($58.6M), and Knit Sweaters ($52.4M). During the last 5 years the exports of Honduras to Canada have increased at an annualized rate of 11.8%, from $213M in 2017 to $372M in 2022.

In 2017, Canada exported $35.4M to Honduras. The main products exported from Canada to Honduras were Potassic Fertilizers ($7.57M), Pig Meat ($4.2M), and Rubberworking Machinery ($1.41M). During the last 5 years the exports of Canada to Honduras have decreased at an annualized rate of 4.91%, from $45.5M in 2022 to $35.4M in 2017.

Exports from Honduras (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Honduras (Flag) (2022)

Latest Data

Trade between Honduras (Flag) and Canada (Flag)

Honduras Exports

Canada Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Honduras included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Canada

Flow
Scale

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

During 2022, Honduras had a large net trade with Canada in the exports of Textiles ($152M), Vegetable Products ($145M), and Machines ($46.8M).

During 2017, Canada had a large net trade with Honduras in the exports of Chemical Products ($8.82M), Machines ($7.46M), and Animal Products ($5.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Canada+$29.4MInsulated Wire
Top Product Potential Canada Honduras+$2.79MPotassic Fertilizers

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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Bilateral Service Trade

In 2020, Canada exported services to Honduras worth $6.71M, with Travel ($6.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Honduras (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Honduras (Flag) and Canada (Flag) (2022)

Keep Exploring

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