Kuwait (KWT) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Kuwait-Honduras Trade: In 2021, Kuwait exported $224 to Honduras. The main products that Kuwait exported to Honduras were N/A. Over the past 6 years the exports of Kuwait to Honduras have decreased at an annualized rate of 36.3%, from $3.34k in 2015 to $224 in 2021.

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

Honduras-Kuwait Trade: In 2021, Honduras exported $2.98M to Kuwait. The main products that Honduras exported to Kuwait were Knit T-shirts ($790k), Knit Sweaters ($286k), and Knit Men's Suits ($260k). Over the past 6 years the exports of Honduras to Kuwait have increased at an annualized rate of 20.8%, from $1.16M in 2015 to $2.98M in 2021.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $224 to Honduras. There were not main exports from Kuwait to Honduras in 2021. During the last 6 years the exports of Kuwait to Honduras have decreased at an annualized rate of 36.3%, from $3.34k in 2015 to $224 in 2021.

In 2017, Honduras exported $2.98M to Kuwait. The main products exported from Honduras to Kuwait were Knit T-shirts ($790k), Knit Sweaters ($286k), and Knit Men's Suits ($260k). During the last 5 years the exports of Honduras to Kuwait have increased at an annualized rate of 20.8%, from $1.16M in 2022 to $2.98M in 2017.

Exports from Kuwait () to Honduras () (2022)

Exports from Honduras () to Kuwait () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Kuwait than Honduras included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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

Comparative Advantage Kuwait - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Honduras had a large net trade with Kuwait in the exports of Textiles ($2.09M), Transportation ($236k), and Vegetable Products ($192k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Honduras+$5.39kRefined Petroleum

Top Product Potential Honduras Kuwait+$1.51MKnit T-shirts

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Honduras () (2022)

Exports from Honduras () to Kuwait () (2022)

Market Competitiveness

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

Comparative Advantage Kuwait - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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