2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 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 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 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

Nicaragua-Honduras In 2022, Nicaragua exported $541M to Honduras. The main products that Nicaragua exported to Honduras are Knit T-shirts ($259M), Knit Sweaters ($79.1M), and Dried Legumes ($20.1M). During the last 27 years the exports of Nicaragua to Honduras have increased at an annualized rate of 14%, from $15.8M in 1995 to $541M in 2022.

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

Honduras-Nicaragua In 2022, Honduras exported $1.02B to Nicaragua. The main products that Honduras exported to Nicaragua were Knit T-shirts ($455M), Knit Sweaters ($138M), and Insulated Wire ($40.3M). During the last 27 years the exports of Honduras to Nicaragua have increased at an annualized rate of 14%, from $29.5M in 1995 to $1.02B in 2022.

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

Comparison In 2022,  Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B). 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, Nicaragua exported $541M to Honduras. The main products exported from Nicaragua to Honduras were Knit T-shirts ($259M), Knit Sweaters ($79.1M), and Dried Legumes ($20.1M). During the last 27 years the exports of Nicaragua to Honduras have increased at an annualized rate of 14%, from $15.8M in 1995 to $541M in 2022.

In 2022, Honduras exported $1.02B to Nicaragua. The main products exported from Honduras to Nicaragua were Knit T-shirts ($455M), Knit Sweaters ($138M), and Insulated Wire ($40.3M). During the last 27 years the exports of Honduras to Nicaragua have increased at an annualized rate of 14%, from $29.5M in 1995 to $1.02B in 2022.

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

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

Latest Data

Trade between Nicaragua (Flag) and Honduras (Flag)

Nicaragua Exports

Honduras Exports

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Honduras
Top Destination
United States$6.31B

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

In 2021, countries that imported more from Nicaragua than Honduras were Mexico ($943M), Spain ($157M), and Costa Rica ($230M).

In 2021, countries that imported more from Honduras than Nicaragua were United States ($6.31B), El Salvador ($940M), and Germany ($462M).

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

Comparative Advantage Nicaragua - Honduras

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Honduras in the exports of Textiles ($395M), Foodstuffs ($43M), and Vegetable Products ($40.3M).

During 2022, Honduras had a large net trade with Nicaragua in the exports of Textiles ($680M), Foodstuffs ($111M), and Machines ($41.9M).

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 Nicaragua has comparative advantage over Honduras. Similarly, the more yellow a dot/product is, the more Honduras has comparative advantage over Nicaragua.

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

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