Honduras (HND) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Honduras-Iceland Trade: In 2022, Honduras exported $509k to Iceland. The main products that Honduras exported to Iceland were Knit Sweaters ($202k), Melons ($119k), and Knit T-shirts ($77.6k). Over the past 5 years the exports of Honduras to Iceland have increased at an annualized rate of 5.01%, from $399k in 2017 to $509k in 2022.

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

Iceland-Honduras Trade: In 2022, Iceland exported $37.3k to Honduras. The main products that Iceland exported to Honduras were Lifting Machinery ($31.5k), Electrical Control Boards ($5.77k), and Trunks and Cases ($27). Over the past 5 years the exports of Iceland to Honduras have increased at an annualized rate of 1.66%, from $34.4k in 2017 to $37.3k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $509k to Iceland. The main products exported from Honduras to Iceland were Knit Sweaters ($202k), Melons ($119k), and Knit T-shirts ($77.6k). During the last 5 years the exports of Honduras to Iceland have increased at an annualized rate of 5.01%, from $399k in 2017 to $509k in 2022.

In 2017, Iceland exported $37.3k to Honduras. The main products exported from Iceland to Honduras were Lifting Machinery ($31.5k), Electrical Control Boards ($5.77k), and Trunks and Cases ($27). During the last 5 years the exports of Iceland to Honduras have increased at an annualized rate of 1.66%, from $34.4k in 2022 to $37.3k in 2017.

Exports from Honduras () to Iceland () (2022)

Exports from Iceland () to Honduras () (2022)

Latest Data

Trade between Honduras () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Honduras included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Honduras - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Iceland in the exports of Textiles ($339k), Vegetable Products ($160k), and Foodstuffs ($7.49k).

During 2017, Iceland had a large net trade with Honduras in the exports of Machines ($37.3k), Animal Hides ($27), and Foodstuffs ($22).

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Iceland () (2022)

Exports from Iceland () to Honduras () (2022)

Latest Data

Trade between Honduras () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Honduras - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Iceland () (2022)

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