Honduras Exports

In the first quarter of 2013 alone, Honduras exports achieved a total of 1,117.3 million dollars worth of goods, of which 35.75% was destined to the U.S. market, according to a figure by the Central Bank of Honduras (BCH – Banco Central de Honduras).

The Central Bank of Honduras reported that
Europe is the second largest buyer of
Honduras exports, with a 26.3% market share.

According to the economic activity, agribusiness accounted for 49.5% of total exports, highlighting coffee, bananas, palm oil and shrimp. It was followed by, in order of importance, manufacturing activities with 26.5%, agriculture with 17.5%, and mining with 6.4%.

By destination, or origin of business transactions, during the 1st quarter, 35.7% of exports went to the U.S. market, 26.3% to Europe and 20.2% to Central America.

The rest of the world recorded a 15% share; sales of iron oxide to China, nonferrous minerals to North Korea, paper and cardboard to Panama, and to Venezuela, palm oil.

Honduras Imports

The BCH said the CIF (Cost, Insurance and Freight) value of imports amounted to 2216.3 million, down by 160.1 million from those seen in the first quarter of the previous year.