Mexico (MEX) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Mexico-Honduras Trade: In 2022, Mexico exported $578M to Honduras. The main products that Mexico exported to Honduras were Insulated Wire ($102M), Toilet Paper ($43.9M), and Malt Extract ($29M). Over the past 5 years the exports of Mexico to Honduras have decreased at an annualized rate of 2.9%, from $670M in 2017 to $578M in 2022.

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

Honduras-Mexico Trade: In 2022, Honduras exported $441M to Mexico. The main products that Honduras exported to Mexico were Insulated Wire ($187M), Knit T-shirts ($84.2M), and Knit Sweaters ($33.6M). Over the past 5 years the exports of Honduras to Mexico have increased at an annualized rate of 14.9%, from $220M in 2017 to $441M in 2022.

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

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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 2022, Mexico exported $578M to Honduras. The main products exported from Mexico to Honduras were Insulated Wire ($102M), Toilet Paper ($43.9M), and Malt Extract ($29M). During the last 5 years the exports of Mexico to Honduras have decreased at an annualized rate of 2.9%, from $670M in 2017 to $578M in 2022.

In 2017, Honduras exported $441M to Mexico. The main products exported from Honduras to Mexico were Insulated Wire ($187M), Knit T-shirts ($84.2M), and Knit Sweaters ($33.6M). During the last 5 years the exports of Honduras to Mexico have increased at an annualized rate of 14.9%, from $220M in 2022 to $441M in 2017.

Exports from Mexico () to Honduras () (2022)

Exports from Honduras () to Mexico () (2022)

Latest Data

Trade between Mexico () and Honduras ()

Mexico Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Mexico than Honduras included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Honduras than Mexico included Nicaragua ($1.02B).

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

Comparative Advantage Mexico - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Honduras in the exports of Machines ($208M), Chemical Products ($101M), and Foodstuffs ($77.8M).

During 2017, Honduras had a large net trade with Mexico in the exports of Machines ($211M), Textiles ($177M), and Animal and Vegetable Bi-Products ($20.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Honduras+$11.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Honduras Mexico+$70.2MInsulated 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Honduras () (2022)

Exports from Honduras () to Mexico () (2022)

Latest Data

Trade between Mexico () and Honduras ()

Mexico Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Mexico - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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