Honduras: Trade Deficit Up 19%

Last year, the trade balance registered a deficit of $6.122 million, resulting in a 19% increase over the $5.149 million reported in 2017.

Wednesday, February 27, 2019

From the Central Bank of Honduras report:

At the end of 2018, FOB exportations of general merchandise accumulated a value of US$4,373.2 million, lower by 3.6% (US$162.6 million) regarding the shown in 2017, mainly because of the decrease in sales of coffee, palm oil, sugar, gold and shrimp; behavior fundamentally associated to the decrease experienced in international prices.

On the other hand, CIF imports totaled US$10,495.2 million, reflecting a year on year increase of 8.4% (US$810.8 million); particularly because of the increase in foreign purchases of raw materials and capital goods for industry, as well as fuels.

Because of the commercial exchange and the less favorable exchange terms, during 2018 the general merchandise balance registered a deficit of US$6,121.9 million, higher by US$973.3 million than the observed in 2017. Regarding the regional destination, the United States of America (USA) continues to be the main plaintiff of general merchandise, with 35.3% of the total exported, and the supplier of 42.2% of the imported goods.

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More on this topic

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 increase 3% up to September 2018

December 2018

Between January and September of this year, sales abroad totaled $3,499 million, registering a decrease of almost 3% compared to the cumulative figure for the same period in 2017.

The Central Bank of Honduras reported that by the third quarter of 2018, FOB exports of general merchandise totaled US$3,499.2 million, lower by 2.8% (US$101.6 million) compared to September 2017, mostly because of a decrease in sales of coffee, palm oil, used gold accessories and shrimp; a result that was partially balanced by the increase in external shipments of paper and cardboard, zinc and plastic and their manufactures.

Nicaragua: Exports Fall 2%

December 2018

Because of the decline in sales in the agricultural sector, up to September of this year exports totaled $2.000 million, 2.3% less than what was reported in the same period of 2017.

The Central Bank of Nicaragua (BCN) reported that in the case of exports, reductions were registered in the agricultural (-7.8%) and manufacturing (-3.0%) sectors; in contrast, growth was noted in: mining (14.4%) and fishery products (4.1%), continuing with the positive trend observed in recent months.

Slight Improvement in Honduran Exports

July 2018

In the first four months of the year, the country counted $1.686 billion earned from sales abroad, registering an increase of just 1.3% compared to the same period in 2017.

The Central Bank of Honduras reported that the increase recorded is largely due to an " ...

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