*Honduras’ central bank (BCH) has released new figures showing that in the first ten months of 2024, the country’s trade deficit was US$7.05bn, up 11.3% on the same period in 2023. Exports totalled US$9.44bn, down 3.1% on the same period in 2023, due to fewer sales of products such as bananas, coffee, and palm oil which have been affected by climate events, agricultural pests and lower international prices, among other factors. Meanwhile imports totalled US$16.49bn, up 2.6% on the same period in 2023. The US remains Honduras’ main trading partner, buying 52.4% of its exports, in particular clothes, automotive wiring harnesses, and agricultural products such as bananas and coffee. Imports from the US represented 33.5% of Honduras’ total imports, including supplies for production, fuel, and food.
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