Honduras

Honduras ranked No. 47 in total trade value through May with a total of $3.11 billion. Exports totaled $1.65 billion and Imports totaled $1.46 billion, a surplus of $196.56 million.

U.S. trade with Honduras rose to $2.75 billion through May

Honduras’s trade with the United States rose to $2.75 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 20.36 percent below its total trade during the same time period last year. U.S. exports to Honduras decreased 23.41 percent while U.S. imports from Honduras fell 16.58 percent. The U.S. surplus with Honduras was $175.29 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Port of New Orleans; No. 4 Port of Gulfport, Miss.; and No. 5 Port of Houston. 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 Wilmington, N.C.. In the current time period, the top five accounted for 61.35 percent of Honduras’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 26.72 percent to $580.35 million.
    Exports fell 22.38 percent to $244.54 million. Imports fell 29.58 percent to $335.81 million.
  • Trade with No. 2 Port Everglades, Fla. fell 34.4 percent to $533.06 million.
    Exports fell 29.09 percent to $227.46 million. Imports fell 37.86 percent to $305.59 million.
  • Trade with No. 3 Port of New Orleans fell 15.49 percent to $290.21 million.
    Exports fell 19.01 percent to $258.83 million. Imports rose 31.75 percent to $31.38 million.
  • Trade with No. 4 Port of Gulfport, Miss. fell 43.61 percent to $255.86 million.
    Exports fell 43.28 percent to $128.55 million. Imports fell 43.95 percent to $127.32 million.
  • Trade with No. 5 Port of Houston rose 1.65 percent to $247.29 million.
    Exports rose 12.67 percent to $164.15 million. Imports fell 14.8 percent to $83.14 million.

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

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Honduras by value through May were the categories of Gasoline, other fuels; Cotton yarn; Synthetic yarn, not retail; Low value shipments; and Corn, respectively. They accounted for 40.95 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; Coffee; Insulated wire, cable; and Melons and papayas –– accounted for 51.44 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 50.34 percent compared to last year to $284.36 million.
  • Cotton yarn fell 38.81 percent compared to last year to $153.7 million.
  • Synthetic yarn, not retail fell 51.62 percent compared to last year to $87.49 million.
  • Low value shipments fell 30.89 percent compared to last year to $84.03 million.
  • Corn rose 44.13 percent compared to last year to $67.16 million.

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

  • Sweaters, pullovers, vests, knit or crocheted fell 42.23 percent compared to last year to $213.5 million.
  • T-shirts, tank tops, knit or crocheted fell 39.08 percent compared to last year to $191.04 million.
  • Coffee rose 9.8 percent compared to last year to $139.64 million.
  • Insulated wire, cable fell 41.48 percent compared to last year to $104.91 million.
  • Melons and papayas fell 19.64 percent compared to last year to $99.77 million.

In the latest annual figures available, Honduras recorded $10.3 billion in trade with the United States. Total U.S. exports to Honduras were $ 5.48 billion and imports from Honduras were $4.83 billion. The U.S. surplus with Honduras was $649.12 million.