Weekly Report - 10 March 2011 (WR-11-10)

HONDURAS | Trade. The trade deficit grew by 15% to US$4.38bn in 2010 on the previous year, despite a significant increase in exports, the central bank announced. Exports increased by 19.3% to US$2.75bn, while imports climbed by 16.7% to US$7.13bn. The increase in exports owed in large part to higher prices for traditional products - coffee, bananas, palm oil and gold - the sales of which were up by 27.3%. The US is by far the largest trading partner for Honduras, taking US$1.00bn (36.5%) of the total. Exports to Europe came to US$659m, 24% of the total, mainly coffee, shrimps, melons and water melons. Exports to other countries in Central America totalled US$606.9m, 22% of the total.

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