The old continent is the main destination for foreign sales made by the country.
Monday, September 26, 2011
Coffee, farmed shrimp, bananas and sugar are the leading products in Honduran exports to the European Union, accounting for 35% of the total in the first half of the year.
The increase in reported sales to Europe has been significant, going from $546 million in 2008 to $818 million in the first six months of the year alone.
It is hoped that with the Association Agreement signed with the Central European Union, which comes into effect next year, exports will grow even more.
According to an article in Elheraldo.hn: "Germany is listed as the top destination for Honduran exports to the EU, with $309.3 million worth in the first half of 2011.
It is followed by Belgium ($208 million), Italy ($58.5 million), France ($52.4 million), The United Kingdom ($40.8 million), Netherlands ($35.7 million), Sweden ($27.2 million), Spain ($21.6 million), Russia ($20.6 million) and others ($44.4million). "
During the first eight months of the year, the Central American country generated $600 million in sales to Eurozone countries, 4% more than reported in the same period of 2017.
According to figures from the Bank of Guatemala, the Netherlands is the destination of Guatemalan exports that showed the greatest dynamism between January and August, with sales of $235 million, an increase of 14% over what was reported in 2017.
In the last ten years, exports from Costa Rica to countries in the European Union grew from $840 million in 2007, to $1.678 billion in the third quarter of this year.
Medical devices, bananas, pineapples, and coffee are some of the products responsible for most of the growth in exports to European countries in recent years. For example, as of September of this year, Procomer figures indicate that "... the European Continent represented 22% of sales this third quarter, with a total of US $1.753 billion (+ US $146 million). Among the main drivers, were: banana, with exports to Belgium, the United Kingdom and Ukraine; medical devices, which boosted exports to Belgium and the Netherlands; as well as greater exports of pineapples to Portugal and coffee to the Netherlands." See "Costa Rica: Foreign trade figures as of September 2017"
Holland was the country that bought the most goods sold by Guatemala to the European Union between January and September, which totaled $684.76 million, 17% more than in the same period in 2013.
The goods most exported to the European Union (EU) are textiles, nickel, vegetables and coffee, with the main destinations being the Netherlands which recorded purchases of $219 million, followed by Belgium with $86 million, Germany with $79.5 million and Spain with $78.6 in the first nine months of the year.
The old continent has become an important destination for Guatemalan exports.
The fairs organized by European countries and trade missions by Guatemalan businessmen, together with the government, are two of the reasons for the increase in exports to countries like Germany, Italy and Belgium, among others.
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