Honduras recorded a trade deficit of 323.89 USD Million in July of 2020.

Balance of Trade in Honduras averaged -246.04 USD Million from 1990 until 2020, reaching an all time high of 40.10 USD Million in February of 1997 and a record low of -660.28 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. Honduras Balance of Trade - values, historical data and charts - was last updated on October of 2020. source: Consejo Monetario Centroamericano

Balance of Trade in Honduras is expected to be -410.00 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 -410.00 USD Million in 2021 and -470.00 USD Million in 2022, according to our econometric models.

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Honduras Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-323.89 -290.52 40.10 -660.28 1990 - 2020 USD Million Monthly

Honduras Trade Last Previous Highest Lowest Unit
Balance of Trade -323.89 -290.52 40.10 -660.28 USD Million [+]
Current Account -326.00 153.30 214.70 -766.80 USD Million [+]
Current Account to GDP 0.70 -3.10 0.70 -15.20 percent [+]
Imports 656.53 661.00 953.14 58.70 USD Million [+]
Exports 332.64 370.49 499.74 44.90 USD Million [+]
External Debt 10795.90 10833.40 10833.40 2703.90 USD Million [+]
Remittances 415.80 332.70 514.60 11.90 USD Million [+]
Gold Reserves 0.69 0.69 0.69 0.67 Tonnes [+]
Foreign Direct Investment 314.20 -64.00 922.20 -194.70 USD Million [+]
Capital Flows 1100.80 -51.50 1188.20 -479.60 USD Million [+]
Terrorism Index 0.99 1.71 3.69 0.08 [+]

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.