Honduras: Foreign Trade at the End of 2019

During 2019, general merchandise exports totaled Ch$4.16 billion, 2.7% less than reported in 2018, a decrease that is explained by the reduction in coffee, banana and zinc sales.

Monday, February 24, 2020

Agro-industrial activity reported exports of $2,170.9 million, $142.9 million less than in 2018, mainly because of the decline in coffee exports by $168.5 million (15.1%), this result is associated with increased global supply of the grain, reported the Central Bank of Honduras (BCH).

The document states that "... The manufacturing activity generated exports worth US$991.0 million, higher by US$41.7 million than reported in 2018, explained by the increase in sales of soaps of US$24.8 million, products that were sent mainly to the Central American market, totaling US$97.9 million. Likewise, exports of used gold accessories increased US$19.6 million with respect to 2018; reaching an amount of US$40.6 million.

At the end of 2019, the exportations of products classified in the mining activity registered a value of US$179.1 million, reflecting a year on year reduction of US$18.8 million, explained in its majority by a drop of US$14.7 million in the external sales of zinc, effect of the decrease in the international price; in the same way, gold sales contracted by US$5.9 million, result of the adverse effects that caused operative problems in some of the extracting companies, which impacted in the exported volume.

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More on this topic

Honduras: Exports Fall 8% up to July 2019

October 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.

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.

Honduras: Trade Deficit Grows at 24%

May 2019

During the first two months of the year, the trade balance recorded a $914 million deficit, resulting in a 24.3% increase over the $735 million reported for the same period in 2018.

Up to February 2019, the general merchandise trade balance registered a $914.2 million deficit, $178.8 million higher than the accumulated in the same period of 2018, a change explained by the 14.6% drop in exports ($124 million) and a 3.5% increase in imports ($54.8 million), according to a report by 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).

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.

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