Frequent question: What goods are imported from Honduras?

Honduras’ main imports are fuels, consumer goods and cereals. Honduras’ main imports partner is the United States with 34 percent of total imports. Others include: Guatemala, El Salvador and Mexico.

What do we import from Honduras?

The 6 biggest import products from Honduras by value are refined petroleum oils, cotton yarn, medication mixes in dosage, non-retail yarn of synthetic staple fibers, insulated wire or cable, and phone system devices including smartphones.

What are the major exports from Honduras?

Honduras’ exports mainly agricultural products such as coffee and bananas. Other exports include: shrimp, lobster, olive oil and clothes. Honduras’ main export partner is the United States with 41 percent of total exports. Others include: Mexico, Canada, Guatemala, El Salvador and the European Union.

What are imports and exports of Honduras?

Honduras Exports and Imports of Product Groups 2019

Honduras Raw materials exports are worth US$ 1,792 million, product share of 57.97%. Honduras Raw materials imports are worth US$ 544 million, product share of 5.94%. Honduras Intermediate goods exports are worth US$ 564 million, product share of 18.25%.

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What products come from Honduras?

Main agricultural export products are: coffee (47 percent), shrimps (21 percent), bananas (11 percent), melon (7 percent), lobsters (6 percent) and pineapples (3 percent).

What do we trade with Honduras?

The top export categories (2-digit HS) in 2019 were: mineral fuels ($1.3 billion), cotton ($719 million), manmade staple fibers ($527 million), electrical machinery ($374 million), and special other (returns) ($319 million).

What are El Salvador’s main exports?

El Salvador exports mainly manufactured products (97 percent of total sales), such as textiles, chemicals ,rubber and plastics and metallic products. The country is also a traditional exporter of sugar and coffee. The main export partner is the United States with 45 percent of total sales.

What products does Honduras export to the US?

The main products that Honduras exported to United States were Knit Sweaters ($1.05B), Knit T-shirts ($476M), and Insulated Wire ($266M). During the last 24 years the exports of Honduras to United States have increased at an annualized rate of 5.8%, from $1.07B in 1995 to $4.15B in 2019.

What type of economy is Honduras?

Honduras has a mixed economic system which includes a variety of emerging private freedom, combined with centralized economic planning and government regulation.

Who is the richest man in Honduras?

Net worth $ 2.31 billion Fredy Antonio Nasser Selman (born June 4, 1956) is a Honduran businessman, head of the Terra Group (Terra Group).

Why is Honduras poor?

The main problems that cause poverty in Honduras are wealth distribution and low income. These issues impact an alarmingly high percentage of the country’s population. According to the World Bank, about 48% of the population lives below the poverty line, which includes over 60% in rural areas.

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Does Honduras grow cotton?

Cotton consumption in Honduras has more than tripled in one decade, amounting to 38 thousand 480-pound bales in 2019. Consumption was expected to continue rising in 2020, reaching 40 thousand bales that year.

What are 3 interesting facts about Honduras?

7 Interesting Facts About Honduras

  • There’s a huge collection of Mayan ruins in Honduras. …
  • It’s home to a sacred bird. …
  • It was the first country to ban smoking in your own home. …
  • Its nickname was the Banana Republic. …
  • Honduras owns one of the oldest clocks in the world. …
  • There are a lot of bats in Honduras.

What Honduras famous for?

Honduras is known for its rich natural resources, including minerals, coffee, tropical fruit, and sugar cane, as well as for its growing textiles industry, which serves the international market.

Where do Honduras exports go?

The country mainly exports to Mexico, the United States and countries in the Caribbean.