Honduran Exports Decrease 7%

Consistent with the behavior recorded since the beginning of the year, from January to September 2019 Honduran companies sold abroad $3.247 million, 7% less than reported in the same period of 2018.

Friday, November 22, 2019

From the Central Bank of Honduras report:

General merchandise exports reached a value of US$3,247.4 million at the end of September 2019, lower by 7.1% (US$246.7 million) year on year. Such behavior is explained by the decrease in external sales of coffee, paper and cardboard, bananas and gold; partially compensated by the increase in exports of melons and watermelons, soaps and accessories used in gold.

Up to September 2019, the value of CIF importations totaled US$7,510.0 million, showing a 4.2% year-on-year fall (US$330.5 million), because of the decrease in the acquisition of raw materials, consumer goods and capital goods.

At the end of the third quarter of 2019, a commercial deficit of US$4,262.6 million was observed, lower by US$83.8 million than the registered in the same period of the previous year (US$4,346.4 million); result mainly associated to lower imports.

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More on this topic

Honduras: Foreign Trade at the End of 2019

February 2020

During 2019, general merchandise exports totaled Ch$4.16 billion, 2.7% less than reported in 2018, a decrease that is explained by the reduction in coffee, banana and zinc sales.

Agro-industrial activity reported exports of $2,170.9 million, $142.9 million less than in 2018, mainly because of the decline in coffee exports by $168.5 million (15.1%), this result is associated with increased global supply of the grain, reported the Central Bank of Honduras (BCH).

Honduras: Exports Fall 8% up to July 2019

October 2019

Lower foreign sales of coffee, paper and cardboard, bananas and gold explain the 8% decrease in accumulated exports from January to July 2019, compared to the same period in 2018.

Up to July 2019, exports of agro-industrial products worth $1,439.9 million were recorded, $130.9 million less than that observed in the same period of the previous year, behavior mostly attributed to the deterioration in coffee exports ($128.2 million), as a consequence of the 12.6% decrease in the international average price, together with a decrease of 1.4% in volume, according to an official report.

Honduras: Trade Deficit Up 19%

February 2019

Last year, the trade balance registered a deficit of $6.122 million, resulting in a 19% increase over the $5.149 million reported in 2017.

From the Central Bank of Honduras report:

At the end of 2018, FOB exportations of general merchandise accumulated a value of US$4,373.2 million, lower by 3.6% (US$162.6 million) regarding the shown in 2017, mainly because of the decrease in sales of coffee, palm oil, sugar, gold and shrimp; behavior fundamentally associated to the decrease experienced in international prices.

Honduras: Exports Go Down 3%

December 2018

Between January and October of this year, sales abroad totaled $3.785 million, registering a decrease of almost 3% compared to the total accumulated in the same period of 2017.

The Central Bank of Honduras reported that in the first ten months of the year the value of exports totaled US$3,784.6 million, showing a 2.8% decrease (US$107.9 million) compared to October 2017, evolution basically related to the reduction in sales of coffee, palm oil, used gold accessories and shrimp, partly reduced by greater external shipments of paper and cardboard, zinc and plastic and their manufactures.

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