Manufacturing and Agricultural Exports Increase 8%

Between January and August of this year, Honduran exports of manufacturing and agricultural products reached $1.284 million, 8% more than the same period in 2017.

Thursday, October 25, 2018

Mostly explained by the increase in exports of paper and cardboard, plastics and their products, bananas, melons and watermelons, sales of manufacturing and agricultural products that together reached US$1,284.3 million were 8.1% higher than the US$96.6 million accumulated in the same period of 2017.

According to the Central Bank of Honduras, from the products classified within the manufacturing activity a value of US$719.6 million was exported, exceeding in US$78.8 million (12.3%) to the registered in the same period of the previous year. Sales of paper and cardboard outstand with US$108.7 million, higher by US$49.6 million compared to August of the previous year, due to higher exports of containers and cardboard boxes to the U.S., Nicaragua and Costa Rica.

From plastics and their products, foreign currency was generated for a value of US$78.9 million, reflecting an increase of US$16.1 million (25.7%) in inter-annual terms; behavior linked to the increase of 15.9% in the exported volume, mostly to the US, added to an improvement in the price of 8.4%. On the other hand, the exportations of iron and its products totaled US$122.8 million, higher by US$15.8 million to the amount observed in the same period of the previous year; partially associated with the increase in the price by 11.9% (US$13.1 million), highlighting Guatemala and El Salvador as receivers of these products.

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From a report by the Central Bank of Honduras:

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