Business Between Honduras and Costa Rica

At $500 million a year, the balance of trade between the two countries has risen, with growth in Honduran exports of cocoa and coffee to Costa Rica.

Monday, May 22, 2017

Although historically the trade balance has been a surplus for Costa Rica, with an average of $350 million in goods and services sold annually to the Honduran market, authorities have reported a steady increase in sales of Honduran coffee and cocoa to the Costa Rican market.

Latribuna.hn reports that "...The boom in sales of the aromatic is due to the fact that in Costa Rica, other crops have displaced coffee farms, while cocoa has been used to boost the sweet and chocolate industry."

On the Costa Rican side, the food industry, especially the bakery and dairy sectors, remain the main exporters of goods to Honduras.

"... To increase trade, the two countries have instruments to promote foreign trade, including an alliance between the Costa Rican diplomatic authorities and the Chamber of Commerce and Industry of Tegucigalpa (CCIT).  The Costa Rican embassy stated:   "..."Here we have opened an Foreign Trade Promotion Office where all Honduran businessmen can come to be advised on the products that we need to import." At the CCIT, interested parties also receive support in the export process."  

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