Honduras: Maquila Exports up to the Q3 2018

In the first nine months, sales of transformation goods totaled $3.220 million, of which $2.637 million came from the textile industry.

Friday, November 23, 2018

The result of the commercial balance of goods for transformation (Maquila), accumulated to the third quarter of 2018, showed a surplus of US$1,024.1 million; behavior derived from the year-on-year increase of 4.0% in exportations, which totaled US$3,219.7 million in the mentioned period, partly counteracted by imports of raw materials of US$2,195.5 million, informed the Central Bank of Honduras.

The impulse of the maquila industry is mainly explained by the dynamism in sales of textile products, basically directed to Central America; and of electrical parts and transport equipment mainly to the United States of America (USA). As a result, Honduras is the third largest exporter in this area to that market worldwide and the second largest in Latin America, surpassed only by Mexico.

The report adds that the expenses generated in the period January-September 2018 by the import of inputs for the transformation of goods reached US$2,195.5 million, reporting an increase of US$123.9 million (6.0%) when comparing it with a similar period in 2017; derived from the acquisitions of textile materials that added up to US$1,717.9 million, coming mostly from the USA, surpassing by US$42.6 million (2.5%) to that observed in September 2017.

See full report "Foreign trade of goods for transformation (maquila)".

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More on this topic

Maquila: More production in Honduras

October 2018

Basically explained by the rebound in external demand, the Gross Production Value of the maquiladora industry in the country increased by 3.9% between 2016 and 2017.

According to the results of the annual survey 2017 directed to the companies of the Industry of Transformation Goods (Maquila) and Related Activities, the Gross Value of Production in the current values of the maquiladora industry increased in 3.9% inter-annually (-0.1% in 2016), basically explained by the rebound in external demand. On the other hand, foreign direct investment in maquila activities increased 21.3%, associated with greater capital contributions for the construction of new textile plants and the expansion of the harness industry, reported the Central Bank of Honduras BCH.

Honduras: Maquila Exports up to the Second Quarter of 2017

August 2017

Exports of goods for processing in the first half of 2017 totaled $1,992 million, of which $1,624 million corresponded to the textile industry.

From the report "Foreign trade of goods for transformation up to the second quarter of 2017" by the Central Bank:

Salvadoran Textile Exports Rebound

October 2011

In the first eight months of the year maquila exports reported an increase in volume of 22.3% and 10.9% in value.

Data from the Central Reserve Bank shows that total exports reached $822.4 million up to August 2011.

"The executive director of the Chamber of the Textiles, Clothing and Free Zones (CAMTEX), Patricia Figueroa, said exports this year have already surpassed the levels recorded in 2008, which was considered to be an excellent year for the sector.

Maquila Exports Down 17% in Honduras

July 2009

$743.1 million were exported in the first quarter of this year, 17.2% less than the same period of 2008.

United States became the main destination this quarter, purchasing $585.1 million.

From Elheraldo.com: "Top exported goods to the U.S. where ladies undergarment, t-shirts, trousers, harnesses, surgical gowns and overalls, shorts, socks, sweatshirts, gloves, children's clothing and electrical and automotive parts."

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