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Pricing

2022
Flag → Flag
Exports $16.9MRnk 28 / 124
2022
Flag → Flag
Top Product $8.91MTextile Scraps
2022
Flag → Flag
Exports $28.4MRnk 153 / 219
2022
Flag → Flag
Top Product $3.95MIron Blocks
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Honduras-Turkey Trade: In 2022, Honduras exported $16.9M to Turkey. The main products that Honduras exported to Turkey were Textile Scraps ($8.91M), Coffee ($2.33M), and Leather Footwear ($1.31M). Over the past 5 years the exports of Honduras to Turkey have increased at an annualized rate of 33.3%, from $4.01M in 2017 to $16.9M in 2022.

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

Turkey-Honduras Trade: In 2022, Turkey exported $28.4M to Honduras. The main products that Turkey exported to Honduras were Iron Blocks ($3.95M), Hot-Rolled Iron Bars ($3.45M), and Cement ($2.37M). Over the past 5 years the exports of Turkey to Honduras have increased at an annualized rate of 3.72%,  from $23.7M in 2017 to $28.4M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Honduras exported $16.9M to Turkey. The main products exported from Honduras to Turkey were Textile Scraps ($8.91M), Coffee ($2.33M), and Leather Footwear ($1.31M). During the last 5 years the exports of Honduras to Turkey have increased at an annualized rate of 33.3%, from $4.01M in 2017 to $16.9M in 2022.

In 2017, Turkey exported $28.4M to Honduras. The main products exported from Turkey to Honduras were Iron Blocks ($3.95M), Hot-Rolled Iron Bars ($3.45M), and Cement ($2.37M). During the last 5 years the exports of Turkey to Honduras have increased at an annualized rate of 3.72%, from $23.7M in 2022 to $28.4M in 2017.

Exports from Honduras (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Honduras (Flag) (2022)

Latest Data

Trade between Honduras (Flag) and Turkey (Flag)

Honduras Exports

Turkey Exports

Market Competitiveness

Color
Honduras
Top DestinationUnited States$6.31B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Honduras included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

Difference in imports from Turkey (Flag) and Honduras (Flag) (2022)

Comparative Advantage Honduras - Turkey

Flow
Scale

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

During 2022, Honduras had a large net trade with Turkey in the exports of Textiles ($10.2M), Footwear and Headwear ($2.83M), and Vegetable Products ($2.58M).

During 2017, Turkey had a large net trade with Honduras in the exports of Metals ($9.77M), Machines ($4.48M), and Foodstuffs ($2.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Honduras Turkey+$3.62MCoffee
Top Product Potential Turkey Honduras+$1.63MRefined Petroleum

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

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

Product Space of Honduras (Flag) and Turkey (Flag) (2022)

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