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Trade between Honduras and Nicaragua

In 2024, Honduras exported $990 million to Nicaragua and imported $309 million. Honduras ran a surplus of $681 million with Nicaragua, compared with a surplus of $407 million in 2019. Nicaragua was Honduras’ 6th largest trading partner (5% of its trade), and Honduras was Nicaragua’s 4th (6%).

Summary

Honduras → Nicaragua
$990million
Nicaragua → Honduras
$309million
Honduras’ balance
$681million

Balance

Honduras’ trade balance with Nicaragua

Trade between Honduras and Nicaragua grew 27.3-fold since 1995

USD billions (current). Honduras’ exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1
  • Imports 0.3
  • Balance +0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$32 million$16 million$16 million
1996$48 million$20 million$28 million
1997$110 million$29 million$81 million
1998$99 million$23 million$77 million
1999$79 million$29 million$50 million
2000$28 million$36 million-$8 million
2001$24 million$36 million-$12 million
2002$14 million$39 million-$25 million
2003$36 million$44 million-$9 million
2004$55 million$59 million-$4 million
2005$63 million$70 million-$8 million
2006$42 million$41 million$1 million
2007$109 million$118 million-$8 million
2008$98 million$120 million-$23 million
2009$132 million$106 million$26 million
2010$144 million$63 million$81 million
2011$155 million$59 million$97 million
2012$177 million$111 million$67 million
2013$154 million$132 million$21 million
2014$200 million$134 million$66 million
2015$203 million$136 million$67 million
2016$452 million$117 million$335 million
2017$498 million$133 million$365 million
2018$548 million$158 million$390 million
2019$584 million$177 million$407 million
2020$472 million$140 million$332 million
2021$656 million$233 million$422 million
2022$1 billion$541 million$484 million
2023$978 million$273 million$705 million
2024$990 million$309 million$681 million

What they sell each other

What Honduras sells to Nicaragua

The top 10 headings in 2024, with their share of the total.

  1. T-shirts$341 million · 34.5%
    60 thousand tonnes
  2. Sweaters and pullovers$128 million · 13%
    24 thousand tonnes
  3. Cables and wire$67 million · 6.8%
    6 thousand tonnes
  4. Other knitted fabric$46 million · 4.7%
    5 thousand tonnes
  5. 7 thousand tonnes
  6. Pet and animal feed$25 million · 2.5%
    18 thousand tonnes
  7. Palm oil$21 million · 2.1%
    16 thousand tonnes
  8. Soap$19 million · 1.9%
    7 thousand tonnes
  9. Plastic packaging$17 million · 1.7%
    7 thousand tonnes
  10. Bread, biscuits and pastries$17 million · 1.7%
    6 thousand tonnes

What Nicaragua sells to Honduras

The top 10 headings in 2024, with their share of the total.

  1. T-shirts$95 million · 30.7%
    22 thousand tonnes
  2. Blended synthetic fabric$30 million · 9.8%
    4 thousand tonnes
  3. Sweaters and pullovers$30 million · 9.6%
    4 thousand tonnes
  4. 22 thousand tonnes
  5. Bananas$14 million · 4.5%
    21 thousand tonnes
  6. Beer$13 million · 4.3%
    24 thousand tonnes
  7. Blended cotton yarn$10 million · 3.2%
    2 thousand tonnes
  8. Cotton yarn$10 million · 3.1%
    2 thousand tonnes
  9. Raw tobacco$7 million · 2.2%
    676 tonnes
  10. Palm oil$6 million · 1.8%
    5 thousand tonnes

How it travels

Honduras and Nicaragua traded $1.3 billion in 2024 (both directions together). They trade mostly over land: 89% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$145 million · 11.2%
  2. Land$1.2 billion · 88.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Nicaragua was Honduras’ 6th largest trading partner (5% of its trade), and Honduras was Nicaragua’s 4th (6%).

Nicaragua in Honduras’ trade
4.5%
Nicaragua’s rank among Honduras’ partners
6th
Honduras in Nicaragua’s trade
6.3%
Honduras’ rank among Nicaragua’s partners
4th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.