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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
Honduras is currently our 42nd largest goods trading partner with $10.0 billion in total (two way) goods trade during 2015. Goods exports totaled $5.2 billion; goods imports totaled $4.8 billion. The U.S. goods trade surplus with Honduras was $480 million in 2015.
According to the Department of Commerce, U.S. exports of goods to Honduras supported an estimated 27 thousand jobs in 2014 (latest data available).
- Honduras was the United States' 42nd largest goods export market in 2015.
- U.S. goods exports to Honduras in 2015 were $5.2 billion, down 12% ($722 million) from 2014 but up 61% from 2005. U.S. exports to Honduras are up 61.0% from 2005 (pre-FTA).
- The top export categories (2-digit HS) in 2015 were: mineral fuels ($1.1 billion), cotton ($670 million), special other (low value estimates, articles donated for relief) ($434 million), electrical machinery ($423 million), and manmade staple fibers ($405 million).
- U.S. exports of agricultural products to Honduras totaled $592 million in 2015, our 37th largest agricultural export market. Leading categories include: soybean meal ($91 million), corn ($78 million), rice ($69 million), wheat ($55 million), and pork & pork products ($44 million).
- Honduras was the United States' 42nd largest supplier of goods imports in 2015.
- U.S. goods imports from Honduras totaled $4.8 billion in 2015, up 2.5% ($115 million) from 2014, and up 27% from 2005. U.S. imports from Honduras are up 26.9% from 2005 (pre-FTA). U.S. imports from Honduras are up 26.9% from 2005 (pre-FTA).
- The top import categories (2-digit HS) in 2015 were: knit apparel ($2.3 billion), electrical machinery ($591 million), woven apparel ($486 million), edible fruit & nuts (bananas) ($304 million), and coffee, tea & spice (coffee) ($217 million).
- U.S. imports of agricultural products from Honduras totaled $668 million in 2015, our 33rd largest supplier of agricultural imports. Leading categories include: bananas and plantains ($243 million), coffee, unroasted ($213 million), other fresh fruit ($60 million), fresh vegetables ($37 million), and processed fruit & vegetables ($33 million).
- The U.S. goods trade surplus with Honduras was $480 million in 2015, a 63.6% decrease ($838 million) over 2014.
- U.S. foreign direct investment (FDI) in Honduras (stock) was $754 million in 2014 (latest data available), a 2.3% decrease from 2013. U.S. direct investment in Honduras is led by manufacturing, finance/insurance, and wholesale trade.
- No data on Honduras's FDI in the U.S. are available.
- Sales of services in Honduras by majority U.S.-owned affiliates were $512 million in 2013 (latest data available).
NOTE: No services trade data with Honduras are available