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2022
Flag → Flag
Exports $683kRnk 69 / 124
2022
Flag → Flag
Top Product $282kOther Plastic Products
2022
Flag → Flag
Exports $6.34MRnk 114 / 205
2022
Flag → Flag
Top Product $3.33MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Honduras-Hungary Trade: In 2022, Honduras exported $683k to Hungary. The main products that Honduras exported to Hungary were Other Plastic Products ($282k), Metal Insulating Fittings ($157k), and Electrical Power Accessories ($153k). Over the past 5 years the exports of Honduras to Hungary have increased at an annualized rate of 16.1%, from $324k in 2017 to $683k in 2022.

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

Hungary-Honduras Trade: In 2022, Hungary exported $6.34M to Honduras. The main products that Hungary exported to Honduras were Insulated Wire ($3.33M), Cellulose Fibers Paper ($1.81M), and Cars ($653k). Over the past 5 years the exports of Hungary to Honduras have decreased at an annualized rate of 6.7%,  from $8.97M in 2017 to $6.34M in 2022.

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

Comparison: In 2022,  Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $683k to Hungary. The main products exported from Honduras to Hungary were Other Plastic Products ($282k), Metal Insulating Fittings ($157k), and Electrical Power Accessories ($153k). During the last 5 years the exports of Honduras to Hungary have increased at an annualized rate of 16.1%, from $324k in 2017 to $683k in 2022.

In 2017, Hungary exported $6.34M to Honduras. The main products exported from Hungary to Honduras were Insulated Wire ($3.33M), Cellulose Fibers Paper ($1.81M), and Cars ($653k). During the last 5 years the exports of Hungary to Honduras have decreased at an annualized rate of 6.7%, from $8.97M in 2022 to $6.34M in 2017.

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

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

Latest Data

Trade between Honduras (Flag) and Hungary (Flag)

Honduras Exports

Hungary Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Hungary
Top DestinationGermany$35.5B

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

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

In 2022, countries that imported more from Hungary than Honduras included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Honduras - Hungary

Flow
Scale

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

During 2022, Honduras had a large net trade with Hungary in the exports of Machines ($343k), Plastics and Rubbers ($282k), and Foodstuffs ($58.2k).

During 2017, Hungary had a large net trade with Honduras in the exports of Machines ($3.52M), Paper Goods ($1.81M), and Transportation ($653k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Hungary+$378kOther Plastic Products
Top Product Potential Hungary Honduras+$1.69MInsulated 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 Honduras and Hungary. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Honduras.

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

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