• Honduras

    Honduras

    Development Challenges 

    The economyof Honduras is mainly based on agriculture. The country’s principle income comes from the traditional exports of coffee, bananas, cultivated shrimp and, more recently, apparel and automobile wire harnessing. Honduras is also the country with the third- largest maquiladora sector in the world. Despite its continuing growth and important inward foreign direct investment, Honduras is the second poorest country of Central America. Honduras faces development challenges, including:

    • Hurricanes, climate change and other natural disasters 
    • 50% of the population living below the poverty line 
    • Underemployment 
    • Widespread “slash-and–burn” agricultural methods that continue to destroy Honduran forests 
    • Unequal distribution of income 
    • Physical and political insecurity, corruption and crime  

    Key Trade Issues 

    • High inflation
    • High dependence on the US market
    • Concentration of the export base Need to industrialize the manufacturing sector, which has been inhibited by the small domestic market and competition from more industrially-advanced countries in the region  

    Government Priorities 

    • To join the DR-CAFTA and other free trade agreements
    • To integrate into the region
    • To sign partnership agreements with the European Union and United States
    • To set price controls on petrol and other basic commodities
    • To improve tax collection
    • To cut expenditures
    • To attract foreign investment
    • To socialize the General Budget
    • To create jobs through public work

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.