Honduras-USA Bilateral Trade Analysis 2023
Complete trade statistics: $11.95B total volume •Honduras deficit: $515.97M
Honduras → USA
$5.72B
Exports (2023)
USA → Honduras
$6.23B
Imports (2023)
Trade Balance
$515.97M
Deficit for Honduras
Total Trade
$11.95B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Honduras and USA. 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-USA commercial relationship and competitive positioning in global markets.
Honduras → USA Exports
Export Market Intelligence
🎯 Strategic Export Focus
Honduras's export portfolio to USA demonstrates strong diversification across multiple sectors, with insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships representing a key competitive advantage in this bilateral market.
USA → Honduras Imports
Import Dependency Profile
📦 Import Strategy Analysis
Honduras's import pattern from USA reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Honduras demonstrates competitive strength in exportinginsulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships to USA, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.95B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Honduras-USA Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.95 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Honduras maintains a deficit of $515.97 million
- Export Focus: Honduras's primary exports include insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, t-shirts, singlets and other vests: of cotton, knitted or crocheted, jerseys, pullovers, cardigans, waistcoats and similar articles: of man-made fibres, knitted or crocheted
- Import Dependencies: Key imports from USA include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale, yarn: (not sewing thread), of polyester staple fibres, mixed mainly or solely with cotton, not put up for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $11.95B 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 insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships.
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 insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or shipscomplements USA's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.95B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.95B 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 $11.95 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Honduras's trade deficit of $515.97 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 USA represents a total trade volume of $11.95 billion in 2023. This partnership demonstrates an unfavorable trade balance for Honduras, with imports exceeding exportsby $515.97 million.
Export Strengths
Honduras's exports to USA total $5.72 billion, with competitive advantages in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, representing $1.04B or18.2% of bilateral exports.
Import Dependencies
Imports from USA amount to $6.23 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising29.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Honduras's strategic sourcing from USA. 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 USA in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023