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Honduras

Honduras ranked No. 45 in total trade value through August with a total of $6.94 billion. Exports totaled $3.7 billion and Imports totaled $3.24 billion, a surplus of $465.71 million.

January – August 2019

Top Trading Ports

Total Trade: $6.94 billion

RankPortTotal YTD
1Port Everglades, Fla. $1,334,924,303
2Port Miami $1,304,126,944
3Port of Gulfport, Miss. $700,371,068
4Port of New Orleans $554,217,488
5Port of Wilmington, N.C. $517,700,209
6Port of Houston $409,591,659
7Port of Pascagoula, Miss. $292,243,214
8Miami International Airport $226,357,104
9Low-Valued Imports and Exports $191,085,192
10Port of Los Angeles $163,710,628

U.S. trade with Honduras rose to $6.94 billion through August

Honduras’s trade with the United States rose to $6.94 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.4 percent above its total trade during the same time period last year. U.S. exports to Honduras increased 0.85 percent while U.S. imports from Honduras rose 2.04 percent. The U.S. surplus with Honduras was $465.71 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Port Miami; No. 3 Port of Gulfport, Miss.; No. 4 Port of New Orleans; and No. 5 Port of Wilmington, N.C.. During the same period the previous year, the top five were No. 1 Port Everglades, Fla. No. 2 Port Miami No. 3 Port of Gulfport, Miss. No. 4 Port of New Orleans and No. 5 Port of Houston. In the current time period, the top five accounted for 63.54 percent of Honduras’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 3.33 percent to $1.33 billion.
    Exports fell 1.67 percent to $533.54 million. Imports fell 4.41 percent to $801.39 million.
  • Trade with No. 2 Port Miami fell 2.75 percent to $1.3 billion.
    Exports fell 1.28 percent to $514.07 million. Imports fell 3.68 percent to $790.06 million.
  • Trade with No. 3 Port of Gulfport, Miss. fell 15.52 percent to $700.37 million.
    Exports fell 12.24 percent to $347.95 million. Imports fell 18.52 percent to $352.42 million.
  • Trade with No. 4 Port of New Orleans rose 0.54 percent to $554.22 million.
    Exports rose 3.33 percent to $507.45 million. Imports fell 22.22 percent to $46.76 million.
  • Trade with No. 5 Port of Wilmington, N.C. rose 56.02 percent to $517.7 million.
    Exports rose 53.75 percent to $259.44 million. Imports rose 58.37 percent to $258.26 million.

Honduras ranked No. 45 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 47.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Honduras by value through August were the categories of Gasoline, other fuels; Cotton yarn; Synthetic yarn, not retail; Low value shipments; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 49.49 percent of total exports to Honduras.

The value of the top five categories of U.S. imports from Honduras –– Sweaters, pullovers, vests, knit or crocheted; T-shirts, tank tops, knit or crocheted; Insulated wire, cable; Coffee; and Bananas and plantains, fresh or dried –– accounted for 56.25 percent of all inbound shipments.

Looking more closely at U.S. exports to Honduras:

  • Gasoline, other fuels rose 10.03 percent compared to last year to $807.2 million.
  • Cotton yarn rose 18.66 percent compared to last year to $422.41 million.
  • Synthetic yarn, not retail rose 13.67 percent compared to last year to $294.71 million.
  • Low value shipments rose 0.78 percent compared to last year to $191.09 million.
  • Petroleum gases, other gaseous hydrocarbons fell 1.24 percent compared to last year to $117.88 million.

Looking more closely at U.S. imports from Honduras:

  • Sweaters, pullovers, vests, knit or crocheted rose 17.83 percent compared to last year to $660.03 million.
  • T-shirts, tank tops, knit or crocheted rose 9.79 percent compared to last year to $514.99 million.
  • Insulated wire, cable fell 24.73 percent compared to last year to $284.4 million.
  • Coffee rose 15.11 percent compared to last year to $212.38 million.
  • Bananas and plantains, fresh or dried rose 3.24 percent compared to last year to $149.87 million.

In the latest annual figures available, Honduras recorded $9.66 billion in trade with the United States. At year’s end, its were Miami; Mobile; Houston; New Orleans; and Wilmington. Total U.S. exports to Honduras were $ 5.08 billion and imports from Honduras were $4.58 billion. The U.S. surplus with Honduras was $501.49 million.