India (IND) and Honduras (HND) Trade | The Observatory of Economic Complexity

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India-Honduras In 2022, India exported $294M to Honduras. The main products that India exported to Honduras are Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). During the last 27 years the exports of India to Honduras have increased at an annualized rate of 19.7%, from $2.3M in 1995 to $294M in 2022.

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

Honduras-India In 2022, Honduras exported $15.8M to India. The main products that Honduras exported to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). During the last 27 years the exports of Honduras to India have increased at an annualized rate of 4.79%, from $4.45M in 1995 to $15.8M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Honduras ranked 86 in the Economic Complexity Index (ECI -0.59), and 97 in total exports ($12.3B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $18.1M and imported $4.05M from Honduras, resulting in a positive trade balance of $14.1M. Between January 2023 and January 2024 the exports of India have decreased by $-561k (-3.01%) from $18.7M to $18.1M, while imports increased by $3.5M (638%) from $549k to $4.05M.

Trade In January 2024, the top exports of India to Honduras were Dyes ($3.28M), Two And Three Wheelers ($2.52M), Aluminium, Products Of Aluminm ($2.48M), Motor Vehicle/Cars ($1.5M), and Drug Formulations, Biologicals ($1.42M). In January 2024 the top imports of India from Honduras were Iron And Steel ($254k), Aluminium, Products Of Aluminm ($168k), Paper, Paper Board And Product ($50.5k), Other Wood And Wood Products ($26.9k), and Electronics Components ($23.4k).

Growth In January 2024, the decrease in India's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Dyes ($-6.44M or -66.2%), Cotton Yarn ($-4.43M or -93.5%), and Indl. Machnry For Dairy Etc ($-1.36M or -64.8%). In January 2024, the increase in India's year-by-year imports from Honduras was explained primarily by an increase in product imports in Electronics Components ($22.4k or 2.08k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-561k(-3.01%)

IMPORT GROWTH (January 2023 - January 2024)$3.5M(638%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Honduras and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $294M to Honduras. The main products exported from India to Honduras were Synthetic Coloring Matter ($65.3M), Motorcycles and cycles ($42.7M), and Packaged Medicaments ($25.7M). During the last 27 years the exports of India to Honduras have increased at an annualized rate of 19.7%, from $2.3M in 1995 to $294M in 2022.

In 2022, Honduras exported $15.8M to India. The main products exported from Honduras to India were Scrap Iron ($4.83M), Scrap Aluminium ($3.84M), and Coffee ($3.65M). During the last 27 years the exports of Honduras to India have increased at an annualized rate of 4.79%, from $4.45M in 1995 to $15.8M in 2022.

Exports from India () to Honduras () (2022)

Exports from Honduras () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Honduras
Top DestinationUnited States$6.31B

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

In 2021, countries that imported more from India than Honduras were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Honduras than India were El Salvador ($940M) and Nicaragua ($1.02B).

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

Comparative Advantage India - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Honduras in the exports of Chemical Products ($107M), Transportation ($66.1M), and Textiles ($42M).

During 2022, Honduras had a large net trade with India in the exports of Metals ($8.79M), Vegetable Products ($3.65M), and Machines ($1.11M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Honduras () (2022)

Exports from Honduras () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Honduras

Economic Complexity

Competitive Landscape

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

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