Honduras: Exports Fall 8% up to July 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.

Tuesday, October 1, 2019

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.

The report states that "... In January-July 2019, manufacturing activity accumulated exports worth US$580.7 million, US$50.7 million less than that observed in the same period of the previous year, related to the decrease in paper and cardboard sales of US$46.9 million (-64.6% in volume); however, sales of iron and its manufactures and used gold accessories showed increases of US$9.9 million and US$9.4 million, respectively, mostly to Central America and the United States.

The mining activity reported an exported amount of US$83.2 million, US$53.6 million lower to the observed in January-July 2018; due to the decrease in foreign sales of gold (US$28.7 million), basically due to the lower extraction of the mineral, caused by the operative problems that were presented in some of the extracting companies. While zinc exports were of US$18.6 million, lower by US$19.8 million in interannual terms, consequence of both the decrease in volumes and in the price of this good.

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More on this topic

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).

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.

Nicaragua: Exports Down 4%

September 2018

Between January and July of this year, sales abroad totaled $1.609 billion, which represents a contraction of almost 4% compared to the same period in 2017.

At the end of July, the trade deficit of goods totaled 1.4307 billion dollars, lower by 69.4 million dollars than the deficit observed in the same period in 2017 (-4.6%), reported the Central Bank of Nicaragua.

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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