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Honduras

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 $11.5 billion in 2017 (latest data available). Exports were $6.3 billion; imports were $5.2 billion. The U.S. goods and services trade surplus with Honduras was $1.0 billion in 2017.

Honduras is currently our 47th largest goods trading partner with $10.3 billion in total (two way) goods trade during 2018. Goods exports totaled $5.6 billion; goods imports totaled $4.7 billion. The U.S. goods trade surplus with Honduras was $897 million in 2018.

Trade in services with Honduras (exports and imports) totaled an estimated $1.9 billion in 2017 (latest data available). Services exports were $1.2 billion; services imports were $666 million. The U.S. services trade surplus with Honduras was $541 million in 2017 (latest data available).

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 2018.
     
  • U.S. goods exports to Honduras in 2018 were $5.6 billion, up 10.2% ($521 million) from 2017 and up 15.6% from 2008. U.S. exports to Honduras are up 72.1% from 2005 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2018 were: mineral fuels ($1.4 billion), cotton ($622 million), manmade staple fibers ($480 million), electrical machinery ($391 million), and special other (low value estimates) ($342 million).
     
  • U.S. total exports of agricultural products to Honduras totaled $720 million in 2018. Leading domestic export categories include: soybean meal ($108 million), corn ($107 million), wheat ($77 million), pork & pork products ($59 million), and rice ($57 million).
     
  • U.S. exports of services to Honduras were an estimated $1.2 billion in 2017 (latest data available), 4.6% ($53 million) more than 2016, and 62.4% greater than 2007 levels. Leading services exports from the U.S. to Honduras were in the travel, transport, and professional and management services sectors.

Imports

  • Honduras was the United States' 51st largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Honduras totaled $4.7 billion in 2018, up 2.7% ($122 million) from 2017, and up 16.4% from 2008. U.S. imports from Honduras are up 25.4% from 2005 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2018 were: knit apparel ($2.2 billion), electrical machinery ($575 million), woven apparel ($487 million), edible fruit & nuts (bananas, plantains)  ($363 million), and coffee, tea & spice (coffee) ($210 million).
     
  • U.S. total imports of agricultural products from Honduras totaled $755 million in 2018. Leading categories include: bananas and plantains ($227 million), coffee, unroasted ($206 million), other fresh fruit ($136 million), fresh vegetables ($56 million), and processed fruit & vegetables ($55 million).
     
  • U.S. imports of services from Honduras were an estimated $666 million in 2017 (latest data available), 4.1% ($26 million) more than 2016, and 42.9% greater than 2007 levels. Leading services imports from Honduras to the U.S. were in the travel, transport, and professional and management services sectors.

Trade Balance

  • The U.S. goods trade surplus with Honduras was $897 million in 2018, a 80.0% increase ($399 million) over 2017.
     
  • The United States has a services trade surplus of an estimated $541 million with Honduras in 2017 (latest data available), up 5.3% from 2016.

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 $555 million in 2016 (latest data available).