Honduras: Exports Go Down 3%

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.

Wednesday, December 19, 2018

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.

The exported value of agro-industrial products was US$2,071.2 million up to October 2018, lower by US$222.0 million (9.7%) regarding the presented in the same period of 2017; that behavior is caused by the fall of the international price and the contraction  in the coffee and palm oil demand.

From manufacturing activity US$868.5 million was exported, higher by US$71.4 million (9.0%) compared to the presented up to October 2017. Within this group of products, the sales of paper and cardboard, and plastics and their manufactures were highlighted, that together showed a US$66.7 million increase compared to the reported in the same period of the previous year; behavior resulting from a combined effect of price and volume, being the main destination of such goods the USA and Central America.

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More on this topic

Honduras: Exports increase 3% up to September 2018

December 2018

Between January and September of this year, sales abroad totaled $3,499 million, registering a decrease of almost 3% compared to the cumulative figure for the same period in 2017.

The Central Bank of Honduras reported that by the third quarter of 2018, FOB exports of general merchandise totaled US$3,499.2 million, lower by 2.8% (US$101.6 million) compared to September 2017, mostly because of a decrease in sales of coffee, palm oil, used gold accessories and shrimp; a result that was partially balanced by the increase in external shipments of paper and cardboard, zinc and plastic and their manufactures.

Salvadoran Exports up 3%

November 2018

Because of the sales behavior of the manufacturing industry, from January to October, the country's sales abroad totaled $5.008 million, 3% more than what was reported in the same period of 2017.

The manufacturing industry, including maquila goods, reached US$4,845.7 million exported up to October 2018, which shows a growth of 3.4% of the sector, reported the Central Reserve Bank.

Honduran Exports: 3% Decline Up to July 2018

October 2018

Between January and July of this year, sales abroad reached $2.846 million, recording a decrease of almost 3% with respect to the cumulative figure for the same period in 2017.

From the report of the Central Bank of Honduras:

Honduras: Exports Down 2%

July 2018

Between January and May of this year, sales abroad totaled $2.091 billion, registering a decrease of almost 2% with respect to the amount accumulated in the same period in 2017.

A report of the Central Bank of Honduras states that "... Agroindustrial activities generated foreign currency of US $1.137 billion, which represents a decrease of US $142.7 million in relation to the amount obtained in the interval from January to May in the previous year; essentially because of a reduction of US $133.3 million in coffee exports, a fact linked to the 14.6% drop in the international price of coffee (existence of an oversupply of coffee in the world market and the speculation of a better harvest by Brazil)."

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