Honduras: Mining Exports Fall 16%

Between January and November 2019, mining sector exports totaled $153 million, 16% less than what was reported in the same period in 2018.

Friday, January 24, 2020

Exports of mining activity recorded a value of $152.8 million, $27.6 million below what was observed in November 2018, as a result of the reduction of $17.4 million in shipments of zinc, related to the fall in price and volume exported, also, gold sales showed a decrease of $6.7 million, resulting from operational problems in some of the extracting companies, informed the Central Bank of Honduras.

The document states that "... As of November 2019, a value of general merchandise exports for US$3,794.8 million was registered, lower by 4.5% (US$177.7 million) compared to the reported in the same period of 2018, because of lower sales abroad of coffee, bananas, palm oil and zinc; behavior influenced -in part by the fall in international prices.

In contrast, increases were observed in shipments abroad of melons and watermelons, soaps and used gold accessories.
"

In the case of imports, Ch$9,222 million were recorded for the period in question, which is equivalent to a drop of 4.4% with respect to the same period in 2018.

See full report (in Spanish).

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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.

Strong Rise in Mineral Exports

July 2018

Between January and April of 2018, the Honduran mining sector generated $88 million in sales abroad, 60% more than was reported in the first four months of last year.

The Central Bank of Honduras (BCH) reported that between the first four months of 2017 and the same period in 2018, sales in the mining sector abroad grew from $55 million to $88 million.

Honduras: Mining Exports Up 23%

June 2017

In the first quarter of the year, exports from the mining sector totaled $39 million, an increase of 23% compared to the same period in 2016.

From a report by the Central Bank of Honduras:

The products classified in the mining activity accounted for an exported value of US $39.0 million, US $7.4 million (23.3%) more than in relation to March 2016; brought about by an improvement in the price of minerals in the international market, which has encouraged the largest shipments. 

Honduras: Mining Exports Down 17%

October 2016

The decrease in the exports of gold, silver and lead accounted for most of the years drop of 17% in exports from the mining sector up to August 2016.

From a report entitled "Foreign Trade General Merchandise" by the Central Bank:

Mining activity was valued at $103.7 million, down US $21.4 million compared to the same period in 2015; mostly explained by lower sales of gold, silver and lead. 

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