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Honduras

Honduras ranked No. 45 in total trade value through February with a total of $1.7 billion. Exports totaled $1.01 billion and Imports totaled $695.31 million, a surplus of $313.21 million.

January – February 2019

Top Trading Ports

Total Trade: $1.7 billion

RankPortTotal YTD
1Port Everglades, Fla. $295,782,411
2Port Miami $293,477,674
3Port of Gulfport, Miss. $173,527,593
4Port of New Orleans $134,628,150
5Port of Corpus Christi, Texas $112,299,743
6Port of Wilmington, N.C. $102,934,090
7Port of Pascagoula, Miss. $90,367,179
8Port of Houston $81,546,628
9Miami International Airport $57,321,191
10Low-Valued Imports and Exports $52,160,945

U.S. trade with Honduras rose to $1.7 billion through February

Honduras’s trade with the United States rose to $1.7 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.25 percent above its total trade during the same time period last year. Honduras’s exports increased 23.1 percent while imports fell 4.25 percent. The U.S. surplus with Honduras was $313.21 million.

Through February, 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 Corpus Christi, Texas. 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 59.26 percent of Honduras’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 12.77 percent to $295.78 million.
    Exports fell 5.04 percent to $121.83 million. Imports fell 17.48 percent to $173.95 million.
  • Trade with No. 2 Port Miami fell 6.13 percent to $293.48 million.
    Exports fell 0.97 percent to $122.05 million. Imports fell 9.48 percent to $171.43 million.
  • Trade with No. 3 Port of Gulfport, Miss. fell 9.56 percent to $173.53 million.
    Exports fell 5.79 percent to $96.88 million. Imports fell 13.92 percent to $76.65 million.
  • Trade with No. 4 Port of New Orleans rose 20.99 percent to $134.63 million.
    Exports rose 30.01 percent to $126.57 million. Imports fell 42.11 percent to $8.06 million.
  • Trade with No. 5 Port of Corpus Christi, Texas totaled $112.3 million.
    Exports totaled $112.3 million. There were no imports.

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. 49.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Honduras by value through February 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 54.17 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; Melons and papayas; and Bananas and plantains, fresh or dried –– accounted for 56.22 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 93.37 percent compared to last year to $294.6 million.
  • Cotton yarn rose 12.98 percent compared to last year to $97.69 million.
  • Synthetic yarn, not retail rose 47.58 percent compared to last year to $75.98 million.
  • Low value shipments rose 23.53 percent compared to last year to $52.16 million.
  • Petroleum gases, other gaseous hydrocarbons rose 11.7 percent compared to last year to $25.86 million.

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

  • Sweaters, pullovers, vests, knit or crocheted rose 11.52 percent compared to last year to $124.18 million.
  • T-shirts, tank tops, knit or crocheted rose 0.45 percent compared to last year to $105.52 million.
  • Insulated wire, cable fell 28.18 percent compared to last year to $67.25 million.
  • Melons and papayas rose 6.33 percent compared to last year to $55.68 million.
  • Bananas and plantains, fresh or dried rose 21.52 percent compared to last year to $38.29 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.