Honduras: Exports Fall 9% up to May 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.

Tuesday, July 30, 2019

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.

The report explains that "... Up to May 2019, merchandise exports totaled US$1,913.5 million, lower by 8.6% (US$179.3 million) regarding the registered in the same period of 2018. The above reflects the impact of the decrease in foreign sales of coffee, gold and bananas, mostly as a result of the reduction in international prices; this fall was mitigated in part by the rise in volumes sold abroad of melons and watermelons, palm oil and shrimp.

The products of the agro-industrial activity generated foreign currency for US$1,024.2 million, US$111.4 million less than the reported up to May 2018, especially because of the fall of US$111.1 million in coffee exports, attributed to a 12.9% reduction in the international average price and of 3.7% in the exported volume; influenced by the greater supply of the grain worldwide, particularly by the favorable conditions that allowed Brazil to register a historic production.

In the January-May 2019 period, CIF imports reached a US$4,186.0 million value, reflecting a 0.9% year-on-year decrease (US$37.0 million), especially explained by the decrease in external purchases of consumer goods and capital goods, partially offset by the increase in fuels and construction materials
."

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More on this topic

Honduran Exports Decline 5%

December 2019

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

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.

Honduras: Exports Go Down 8% up to June 2019

August 2019

In the first six months of the year, companies in Honduras traded abroad $2.275 million, 8% less than reported in the same period in 2018.

The reported decline is mainly related to the decrease in foreign sales of coffee, paper and cardboard, gold and bananas; in the case of coffee and bananas, the reduction is mainly a consequence of the fall in the international average price, explained the Central Bank of Honduras.

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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