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Honduras

Honduras Flag

On August 5, 2004, the United States signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). Under the Agreement, the Parties significantly liberalizes trade in goods and services.

The CAFTA-DR also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, transparency and labor and environmental protection.

The Agreement entered into force for the United States and El Salvador on March 1, 2006; for, Honduras and Nicaragua on Aril 1 2006; and for Guatemala on July 1, 2006. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009.

U.S.-Honduras Trade Facts

  • U.S. goods and services trade with Honduras totaled an estimated $11.2 billion in 2016 (latest data available). Exports were $6.0 billion; imports were $5.3 billion. The U.S. goods and services trade surplus with Honduras was $728 million in 2016.
  • Honduras is currently our 47th largest goods trading partner with $9.7 billion in total (two way) goods trade during 2017. Goods exports totaled $5.1 billion; goods imports totaled $4.6 billion. The U.S. goods trade surplus with Honduras was $498 million in 2017.
  • Trade in services with Honduras totaled an estimated $1.8 billion in 2016 (latest data available). Services exports totaled $1.2 billion; services imports totaled $634 million. The U.S. services trade surplus with Honduras was $518 million in 2016.
  • According to the Department of Commerce, U.S. exports of Goods and Services to Honduras supported an estimated 33 thousand jobs in 2015 (latest data available) (26 thousand supported by goods exports and 6 thousand supported by services exports).

Exports

  • Honduras was the United States' 41st largest goods export market in 2017.

  • U.S. goods exports to Honduras in 2017 were $5.1 billion, up 5.2% ($252 million) from 2016 and up 13.9% from 2007. U.S. exports to Honduras are up 56.1% from 2005 (pre-FTA). 

  • The top export categories (2-digit HS) in 2017 were: mineral fuels ($1.1 billion), cotton ($687 million), electrical machinery ($429 million), manmade staple fibers ($388 million), and special other (low value estimates) ($313 million).

  • U.S. total exports of agricultural products to Honduras totaled $598 million in 2017. Leading domestic export categories include: soybean meal ($86 million), corn ($85 million), pork & pork products ($54 million), wheat ($51 million), and rice ($45 million).

  • U.S. exports of services to Honduras were an estimated $1.2 billion in 2016 9.4% ($99 million) more than 2015.  Leading services exports from the U.S. to Honduras were in the travel, transport, and intellectual property (trademarks) sectors. 

Imports

  • Honduras was the United States' 49th largest supplier of goods imports in 2017.

  • U.S. goods imports from Honduras totaled $4.6 billion in 2017, down 0.8% ($36 million) from 2016, but up 17.1% from 2007. U.S. imports from Honduras are up 22.2% from 2005 (pre-FTA). 

  • The top import categories (2-digit HS) in 2017 were: knit apparel ($2.1 billion), electrical machinery ($546 million), woven apparel ($471 million), edible fruit & nuts (bananas, plantains)  ($354 million), and coffee, tea & spice (coffee) ($295 million).

  • U.S. total imports of agricultural products from Honduras totaled $808 million in 2017. Leading categories include: coffee, unroasted ($290 million), bananas and plantains ($222 million), other fresh fruit ($131 million), processed fruit & vegetables ($46 million), and fresh vegetables ($45 million).

  • U.S. imports of services to Honduras were an estimated $634 million in 2016 3.8% ($25 million) less than 2015.  Leading services imports from Honduras to the U.S. were in the travel, telecommunications, computer, and information services, and transport sectors. 

Trade Balance

  • The U.S. goods trade surplus with Honduras was $498 million in 2017, a 137.5% increase ($289 million) over 2016.

  • The United States has a services trade surplus of an estimated $518 million with Honduras in 2016 (latest data available), up 48.0% from 2015. 

Investment

  • U.S. foreign direct investment (FDI) in Honduras (stock) was $1.4 billion in 2017, a 9.5% increase from 2016. U.S. direct investment in Honduras is led by manufacturing, wholesale trade, and wholesale trade.

  • No data on Honduras's FDI in the U.S. are available. There is no information on the distribution of Honduras FDI in the U.S. 

  • Sales of services in Honduras by majority U.S.-owned affiliates were $534 million in 2015 (latest data available).