From January to October 2019, Honduras' foreign sales totaled $3,502 million, 4.8% less than in the same period of 2018.
The drop-in exports derives from the decline in shipments abroad of goods such as coffee, bananas, palm oil and zinc, which were affected in part by lower international prices. However, there was an increase in the export value of melons and watermelons, soaps and used gold accessories.
Consistent with the behavior recorded in recent months, from January to August 2019 Honduran companies sold abroad $2.949 million, 8% less than reported in the same period of 2018.
The downward trend registered in August is due to the reduction in external sales of coffee, paper and cardboard, bananas and zinc, according to the report of the Central Bank of Honduras.
In the first six months of the year, companies in Honduras traded abroad $2.275 million, 8% less than reported in the same period in 2018.
The reported decline is mainly related to the decrease in foreign sales of coffee, paper and cardboard, gold and bananas; in the case of coffee and bananas, the reduction is mainly a consequence of the fall in the international average price, explained the Central Bank of Honduras.
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.
In the first quarter of the year Honduran exports totaled $1.506 million, 10% less than reported in the same period of 2018.
From the Central Bank of Honduras report:
The lower foreign sales of coffee, gold and bananas, because of the fall in international prices, determined the reduction of 10.3% (US$173.1 million) observed up to April 2019 in the exports of general merchandise compared to what was reported in the same period of the previous year, reaching a total value of US$1,505.9 million. This was partially compensated by the dynamism in foreign sales of melons and watermelons and shrimp.
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.
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.
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).
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.
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:
General merchandise transactions with foreign countries registered a deficit of US $1.1261 billion in the first quarter of 2018, resulting from imports that totaled US $2.398 billion, US $142.5 million (6.3%) more than in March 2017; while exports totaled US $1.2719 billion, increasing US $25.1 million (2.0%) when compared with those of the same period in the previous year.
The trade balance in the region recorded a deficit of $37.150 billion, compared with a deficit of $35.272 billion recorded in the same period in 2012.
From a report issued by the Secretariat for Central American Economic Integration (SIECA):
Total Central American exports accumulated from January to November 2013 amounted to U.S. $27.611 billion, representing a decrease of 1.8% compared to data from the same period last year; such variation, originated from a combination of a decline in coffee sales and lower demand for Central American products from important partners such as Mexico, the European Union, Canada and the United States. In November 2013, 38.0% of Central American exports were made by Costa Rica; 23.2% by Guatemala; 14.6% by El Salvador; followed by Honduras with 13.0%; Nicaragua with 8.2% and Panama with 2.9 percent.
The trade deficit of $ 4.384 million in 2010, was 15% higher than 2009.
In 2010, exports totaled $ 2.749 million, while imports reached $ 7.133 million.
According to a Central Bank report, "At the end of 2010 the trade deficit was $ 4.384.2 million, $ 577.2 million higher than December 2009.”
“The increase in exports is due in part to higher prices of traditional Honduran products - such as coffee, bananas, palm oil and gold - whose sales rose 27.3%," reported Elheraldo.hn.