Honduras: Trade Deficit Grows at 24%

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.

Friday, May 3, 2019

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.

The Central Bank document explains that "... Up to February 2019, the value of FOB merchandise exports was US$725.5 million, reflecting a 14.6% drop (US$124.0 million) compared to the observed in the same period of 2018. Such behavior was essentially linked to the reduction in foreign sales of coffee, gold, palm oil, paper and cardboard, banana and zinc; mainly associated to an effect of lower international prices. Notwithstanding, the increase in the exportations of melons and watermelons, shrimp, textiles and sugar are highlighted.

To the second month of 2019, the CIF importations registered a US$1,639.7 million value, with an inter-annual increase of 3.5% (US$54.8 million), mainly attributed to the increase in foreign purchases of fuels, lubricants and electric energy, raw materials for industry and capital goods.
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More on this topic

Honduras: Exports Fall 9% up to May 2019

July 2019

In the first five months of the year, Honduran exports totaled $1,914 million, 9% less than reported in the same period of 2018.

From January to May 2019, as a result of general merchandise trade transactions abroad, a deficit of $2,272.4 million was generated, $142.3 million more than the accumulated in the same period of 2018, informed 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: Trade Deficit Increases 18%

January 2019

Between January and November 2018, the trade balance recorded a deficit of $5.540 million, 18% more than the $4.683 million recorded in the same period of 2017.

The Central Bank of Honduras reported that "... At the end of November 2018, the trade balance recorded a deficit of US$5,540.4 million, higher by US$857.5 million than that recorded in the same period of the previous year.

Honduras: Slight Improvement in Export Figures

May 2018

Explained by the results of the agro-industrial sector, between January and March of this year the country registered $1.272 billion in sales abroad, 2% more than in the first quarter of 2017.

From a report by the Central Bank of Honduras:

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