Nicaragua: Mining Exports Continue to Decline

In the first four months of the year foreign sales fell by 5.5% year-on-year, affected by lower volume and lower average international prices.

Tuesday, June 21, 2016

The Foreign Trade report by the Central Bank of Nicaragua said that exports in the mining sector contracted by 5.5% in the period from January to April compared with the same period in 2015, reaching $107.4 million.

In the case of gold, the report states that "...recovery was observed in the contracted price of gold, since it averaged $1243.4 per troy ounce in April 2016, the highest since February 2015. " Laprensa.com.ni reports that "...This improvement, according to Raul Amador, a specialist in international markets is due to the uncertainty that has been seen in the international markets, which has forced investors to take refuge in that asset. "

Amador said "...The sales price for gold has been rising and has remained in ranges of stability, what we have seen is that production levels have fallen in the country and thus affected income, which suggests that advantage is not being taken of the opportunity to do business in the upward trend seen."



More on this topic

Mining: Engine of Growth in Nicaragua

October 2017

Mining activities have grown at an annual average of 9% in the last ten years, mainly due to growing foreign investment, an increase in production and favorable international prices.

A report presented by the Nicaraguan Mining Chamber states that between 2006 and 2016, foreign direct investment totaled $793 million, having an annual average of $79 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. 

Honduras: Bad Times for Mining

September 2016

The 150% plummet that exports have suffered in the last two years is attributed to a fall in international prices of metals.

The fall in international prices of metals is the main reason behind the drop of almost 150% in foreign sales in the mining sector from 2015 to date.

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