Honduras: Exports Decline 10% up to April 2019

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

Monday, July 1, 2019

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.

The export of agro-industrial goods was of US$795.2 million, US$121.9 million less than those recorded in April of the previous year, mainly because of the fall of 20.5% (US$115.8 million) in coffee shipments, totaling US$450.3 million. This result is the result of the 12.1% decrease in the average international price, equivalent to US$61.9 million, and by volume effect, a contraction of US$53.9 million; consequence of the greater world supply, basically from Brazil and Vietnam. Nevertheless, the aromatic grain continued to be the most important export product of the country with a participation of 29.9% of the total, acquired -to a great extent- by Germany, the USA and Belgium.

The greater purchases of fuels and raw materials for the industry explain in great part the year-on-year increase of CIF imports of general merchandise of US$44.4 million, registering a total value of US$3,315.5 million.

The imported value of capital goods added up to US$499.2 million, presenting a 4.5% year-on-year decrease (US$23.5 million); mainly because of less purchases of capital goods for the industry in US$25.0 million (7.0%), specifically in communication devices, machines for the textile industry and devices for printing.

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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.

Nicaragua: Exports Decline 6%

July 2019

In the first quarter of the year, sales abroad totaled $928 million, 6% less than in the same period in 2018, mainly because of the export performance of the agricultural and manufacturing sectors.

Total exports to April totaled $928.3 million, where the agricultural sector contributed 35.1% $326.2 million.

Honduras: Trade Deficit up 11%

March 2019

During the first month of the year, the trade balance recorded a deficit of $473 million, resulting in a 10.7% increase over the $427 million reported in January 2018.

In January 2019, the general merchandise trade balance registered a deficit of $472.5 million, $45.4 million higher than that recorded in the same month of 2018, as a result of: imports that totaled $823 million ($15.8 million less than those of January 2018), compared to exports that reflected a value of $350.5 million ($61.2 million lower than those of the same month of the previous year), informed the Central Bank of Honduras (BCH).

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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