Honduras (HND) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Honduras-Mongolia Trade: In 2022, Honduras exported $18.9k to Mongolia. The main products that Honduras exported to Mongolia were Knit T-shirts ($7.89k), Other Processed Fruits and Nuts ($5.22k), and Cassava ($1.74k). Over the past 5 years the exports of Honduras to Mongolia have increased at an annualized rate of 29.1%, from $5.28k in 2017 to $18.9k in 2022.

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

Mongolia-Honduras In N/A, Mongolia did not export any products to Honduras.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $18.9k to Mongolia. The main products exported from Honduras to Mongolia were Knit T-shirts ($7.89k), Other Processed Fruits and Nuts ($5.22k), and Cassava ($1.74k). During the last 5 years the exports of Honduras to Mongolia have increased at an annualized rate of 29.1%, from $5.28k in 2017 to $18.9k in 2022.

Mongolia does not register exports to Honduras.

Exports from Honduras () to Mongolia () (2022)

Exports from Mongolia () to Honduras () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Mongolia
Top DestinationChina$10.6B

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

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

In 2022, countries that imported more from Mongolia than Honduras included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Honduras - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Honduras had a large net trade with Mongolia in the exports of Textiles ($7.92k), Foodstuffs ($5.22k), and Vegetable Products ($3.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Mongolia+$33.8kKnit T-shirts

Top Product Potential Mongolia Honduras+$2.44kCoal Briquettes

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

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Mongolia () (2022)

Exports from Mongolia () to Honduras () (2022)

Market Competitiveness

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

Comparative Advantage Honduras - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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