Honduras-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $190.03M total volume •Honduras deficit: $190.03M
Honduras → Thailand
$0
Exports (2023)
Thailand → Honduras
$190.03M
Imports (2023)
Trade Balance
$190.03M
Deficit for Honduras
Total Trade
$190.03M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Honduras and Thailand. Green line shows exports from Honduras, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Honduras-Thailand commercial relationship and competitive positioning in global markets.
Honduras → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Honduras's export portfolio to Thailand demonstrates strategic specialization, with ferrous waste and scrap: n.e.c. in heading no. 7204 representing a key competitive advantage in this bilateral market.
Thailand → Honduras Imports
Import Dependency Profile
📦 Import Strategy Analysis
Honduras's import pattern from Thailand reveals significant dependencyin vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Honduras demonstrates competitive strength in exportingferrous waste and scrap: n.e.c. in heading no. 7204 to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $190.03M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Honduras-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $190.03 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Honduras maintains a deficit of $190.03 million
- Export Focus: Honduras's primary exports include ferrous waste and scrap: n.e.c. in heading no. 7204, ferrous waste and scrap: of tinned iron or steel, t-shirts, singlets and other vests: of cotton, knitted or crocheted
- Import Dependencies: Key imports from Thailand include vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $190.03M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Honduras leveraging its comparative advantages in ferrous waste and scrap: n.e.c. in heading no. 7204.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Honduras's specialization in ferrous waste and scrap: n.e.c. in heading no. 7204complements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $190.03M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $190.03M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $190.03 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in ferrous waste and scrap: n.e.c. in heading no. 7204 and vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Honduras's trade deficit of $190.03 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Honduras and Thailand represents a total trade volume of $190.03 million in 2023. This partnership demonstrates an unfavorable trade balance for Honduras, with imports exceeding exportsby $190.03 million.
Export Strengths
Honduras's exports to Thailand total $0.00, with competitive advantages in ferrous waste and scrap: n.e.c. in heading no. 7204, representing $2.17M orInfinity% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $190.03 million, highlighting economic interdependence in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, with Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 comprising65.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Honduras's strategic sourcing from Thailand. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Honduras and Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023