Singapore (SGP) and Honduras (HND) Trade | The Observatory of Economic Complexity

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Singapore-Honduras Trade: In 2022, Singapore exported $8.8M to Honduras. The main products that Singapore exported to Honduras were Aluminium Foil ($1.57M), Refined Petroleum ($1.08M), and Other Measuring Instruments ($869k). Over the past 5 years the exports of Singapore to Honduras have increased at an annualized rate of 0.72%, from $8.49M in 2017 to $8.8M in 2022.

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

Honduras-Singapore Trade: In 2022, Honduras exported $4.8M to Singapore. The main products that Honduras exported to Singapore were Knit T-shirts ($1.43M), Coffee ($1.16M), and Crustaceans ($509k). Over the past 5 years the exports of Honduras to Singapore have increased at an annualized rate of 13.9%, from $2.5M in 2017 to $4.8M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $8.8M to Honduras. The main products exported from Singapore to Honduras were Aluminium Foil ($1.57M), Refined Petroleum ($1.08M), and Other Measuring Instruments ($869k). During the last 5 years the exports of Singapore to Honduras have increased at an annualized rate of 0.72%, from $8.49M in 2017 to $8.8M in 2022.

In 2017, Honduras exported $4.8M to Singapore. The main products exported from Honduras to Singapore were Knit T-shirts ($1.43M), Coffee ($1.16M), and Crustaceans ($509k). During the last 5 years the exports of Honduras to Singapore have increased at an annualized rate of 13.9%, from $2.5M in 2022 to $4.8M in 2017.

Exports from Singapore () to Honduras () (2022)

Exports from Honduras () to Singapore () (2022)

Latest Data

Trade between Singapore () and Honduras ()

Singapore Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Singapore than Honduras included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Honduras in the exports of Machines ($3.45M), Metals ($1.57M), and Mineral Products ($1.08M).

During 2017, Honduras had a large net trade with Singapore in the exports of Textiles ($2.43M), Vegetable Products ($1.3M), and Animal Products ($509k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Honduras+$3.74MRefined Petroleum

Top Product Potential Honduras Singapore+$2.44MKnit 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 Singapore and Honduras. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Honduras () (2022)

Exports from Honduras () to Singapore () (2022)

Latest Data

Trade between Singapore () and Honduras ()

Singapore Exports

Honduras Exports

Market Competitiveness

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

Comparative Advantage Singapore - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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