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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