Honduras recorded a trade deficit of 641.14 USD Million in October of 2019.

Balance of Trade in Honduras averaged -243.39 USD Million from 1990 until 2019, reaching an all time high of 40.10 USD Million in February of 1997 and a record low of -652.43 USD Million in November of 2018. This page provides the latest reported value for - Honduras Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Consejo Monetario Centroamericano

Balance of Trade in Honduras is expected to be -430.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Honduras to stand at -410.00 in 12 months time. In the long-term, the Honduras Balance of Trade is projected to trend around -470.00 USD Million in 2020, according to our econometric models.

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Honduras Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-641.14 -509.74 40.10 -652.43 1990 - 2019 USD Million Monthly

Honduras Balance of Trade
Honduras' systemic trade deficit is the consequence of the country's need to import fuels and high added value goods. The country is a net exporter of agricultural products such as coffee, bananas and cultivated shrimps. Honduras' main trading partner is the United States with 34 percent of imports and 41 percent of exports. Others include Mexico, Guatemala and El Salvador.

Honduras Trade Last Previous Highest Lowest Unit
Balance of Trade -641.14 -509.74 40.10 -652.43 USD Million [+]
Current Account 90.70 98.20 214.70 -766.80 USD Million [+]
Current Account to GDP -4.20 -1.80 -1.60 -15.30 percent [+]
Imports 895.78 807.69 951.91 58.70 USD Million [+]
Exports 254.64 297.96 499.74 44.90 USD Million [+]
External Debt 9031.00 9051.40 9051.40 2703.90 USD Million [+]
Remittances 459.70 501.80 514.60 11.90 USD Million [+]
Gold Reserves 0.69 0.69 0.69 0.67 Tonnes [+]
Terrorism Index 0.99 1.71 3.69 0.08 [+]
Capital Flows -2.60 137.20 1188.20 -479.60 USD Million [+]
Foreign Direct Investment -64.00 -54.10 922.20 -194.70 USD Million [+]