2022
Flag  
GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP
$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH
71.2%CURRENT US$
Rnk 28 / 186
2022
Flag
GDP PC 
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC
$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH
44.3%CURRENT US$
Rnk 42 / 186

About

Guatemala-Honduras In 2022, Guatemala exported $1.58B to Honduras. The main products that Guatemala exported to Honduras are Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). During the last 27 years the exports of Guatemala to Honduras have increased at an annualized rate of 9.71%, from $129M in 1995 to $1.58B in 2022.

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

Honduras-Guatemala In 2022, Honduras exported $596M to Guatemala. The main products that Honduras exported to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). During the last 27 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.62%, from $49.9M in 1995 to $596M in 2022.

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

Comparison In 2022,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.24), and 84 in total exports ($16.4B). That same year, Honduras ranked 86 in the Economic Complexity Index (ECI -0.59), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $1.58B to Honduras. The main products exported from Guatemala to Honduras were Packaged Medicaments ($85.4M), Baked Goods ($61.7M), and Flavored Water ($57.4M). During the last 27 years the exports of Guatemala to Honduras have increased at an annualized rate of 9.71%, from $129M in 1995 to $1.58B in 2022.

In 2022, Honduras exported $596M to Guatemala. The main products exported from Honduras to Guatemala were Soap ($49M), Scrap Iron ($33.8M), and Baked Goods ($32.9M). During the last 27 years the exports of Honduras to Guatemala have increased at an annualized rate of 9.62%, from $49.9M in 1995 to $596M in 2022.

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

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

Latest Data

Trade between Guatemala (Flag) and Honduras (Flag)

Guatemala Exports

Honduras Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.23B
Honduras
Top Destination
United States$6.31B

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

In 2021, countries that imported more from Guatemala than Honduras were El Salvador ($2.03B), Costa Rica ($641M), and Netherlands ($658M).

In 2021, countries that imported more from Honduras than Guatemala were United States ($6.31B), Germany ($462M), and Canada ($372M).

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

Comparative Advantage Guatemala - Honduras

Flow
Scale

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

During 2022, Guatemala had a large net trade with Honduras in the exports of Foodstuffs ($351M), Chemical Products ($334M), and Metals ($225M).

During 2022, Honduras had a large net trade with Guatemala in the exports of Textiles ($149M), Metals ($121M), and Foodstuffs ($107M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guatemala has comparative advantage over Honduras. Similarly, the more yellow a dot/product is, the more Honduras has comparative advantage over Guatemala.

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

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