Honduran Exports Decline 5%

From January to October 2019, Honduras' foreign sales totaled $3,502 million, 4.8% less than in the same period of 2018.

Monday, December 16, 2019

The drop-in exports derives from the decline in shipments abroad of goods such as coffee, bananas, palm oil and zinc, which were affected in part by lower international prices. However, there was an increase in the export value of melons and watermelons, soaps and used gold accessories.

The Central Bank of Honduras reported that "... As of October 2019, exports of agro-industrial products totaled US$1,866.6 million, lower by US$173.6 million year-on-year. The US$169.2 million (16.1%) decrease registered in foreign sales of coffee stands out, as a result of the combination of a fall in the international average price of US$13.70 per 46 kg bag (11.3%) and the reduction of 467.1 thousand 46 kg bags (5.4%); the above, attributed to the increase in global supply of the grain, especially because of the greater production obtained by Brazil.

CIF imports registered a total amount of US$8,400.6 million, reflecting a fall of US$293.1 million (3.4%) with respect to the same month of the previous year; product of lower purchases of raw materials, consumer goods and capital goods.

From capital goods, an amount of US$1,291.3 million was acquired, lower by US$64.7 million than presented in October 2018, because of the fall in the import of capital goods for industry (cranes brought from China; electric converters from Holland; and washing machinery from Italy and China). Additionally, imports of capital goods for transportation were at US$390.1 million, showing a decrease of US$5.0 million, mainly because of lower purchases of vehicles for the transfer of goods from the U.S. and Thailand.

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More on this topic

Honduras: Exports Fall 9% up to May 2019

July 2019

In the first five months of the year, Honduran exports totaled $1,914 million, 9% less than reported in the same period of 2018.

From January to May 2019, as a result of general merchandise trade transactions abroad, a deficit of $2,272.4 million was generated, $142.3 million more than the accumulated in the same period of 2018, informed the Central Bank of Honduras.

Honduras: Exports Decline 10% up to April 2019

July 2019

In the first quarter of the year Honduran exports totaled $1.506 million, 10% less than reported in the same period of 2018.

From the Central Bank of Honduras report:

The lower foreign sales of coffee, gold and bananas, because of the fall in international prices, determined the reduction of 10.3% (US$173.1 million) observed up to April 2019 in the exports of general merchandise compared to what was reported in the same period of the previous year, reaching a total value of US$1,505.9 million. This was partially compensated by the dynamism in foreign sales of melons and watermelons and shrimp.

Honduras: Trade Deficit Increases 18%

January 2019

Between January and November 2018, the trade balance recorded a deficit of $5.540 million, 18% more than the $4.683 million recorded in the same period of 2017.

The Central Bank of Honduras reported that "... At the end of November 2018, the trade balance recorded a deficit of US$5,540.4 million, higher by US$857.5 million than that recorded in the same period of the previous year.

Nicaragua: Exports Fall 2%

December 2018

Because of the decline in sales in the agricultural sector, up to September of this year exports totaled $2.000 million, 2.3% less than what was reported in the same period of 2017.

The Central Bank of Nicaragua (BCN) reported that in the case of exports, reductions were registered in the agricultural (-7.8%) and manufacturing (-3.0%) sectors; in contrast, growth was noted in: mining (14.4%) and fishery products (4.1%), continuing with the positive trend observed in recent months.

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