Non-traditional Products Account for 45% of Exports

In the first five months of the year, Honduran exports of non-traditional products totaled $575 million.

Monday, August 9, 2010

According to the Honduran Central Bank's Foreign Trade Report, sales of non-traditional products totaled $1.27 billion in the period.

The general manager of the country's Federation of Agricultural Exporters (FPX) told Laprensa.hn that, "it's good news because it's important for Honduras to export more non-traditional products than coffee and bananas since prices of these fluctuate and non-traditional industries have historically had a buffering effect. However it is hoped that these products can increasingly take a more central role".

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The United States is the main market due to its proximity, but with new technologies for food preservation, lengthening their lifespans by up to four weeks, it is expected that more distant markets will be reached.

Non Traditional Exports On The Rise in Guatemala

April 2010

Exports of nontraditional products are growing at a faster pace than exports of traditional ones (coffee, banana, cardamom and sugar).

In 2009 total exports summed $7.23 billion. Of them, $5.41 billion corresponded to nontraditional goods (74.9%).

“Data from Banguat shows that in 1980 the country exported $1.52 billion, of which $633 million were traditional goods and $886.4 million were nontraditional ones (58.3%)”, reported Sigloxxi.com.

Non Traditional Exports Accounted for 55%

January 2010

Honduras exported $2.32 billion in 2009; 55.7% corresponded to non traditional exports.

According to data from the Central Bank of Honduras (BCH), the remaining $1.29 billion correspond to products classified as 'traditional' (coffee and banana, for example).

"The drop recorded in coffee, banana, wood, lobsters, zinc, silver and lead was compensated with increases in gold, cultivated shrimp, melons and cigarettes", reported Laprensa.hn.

9% Tariff for Non-Traditional Salvadoran Products

September 2009

Ethnic beverages, tiger nut milk and barley will now pay a 9% tariff when entering the United States.

Until last year, these products entered the country tariff-free.

"The Department of Internal Security analyzed the products and removed the tariff exoneration, arguing they are in the category of powder drinks with more than 29% sugar.

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