Honduras trade gap widened by high oil prices
The price of oil imports have been increasing while those of coffee and bananas have slumped. The result has been a sharp widening of the trade gap of Honduras.
In the first four months of the year, merchandise exports grew by $1.7 billion, a 1.3 percent year-in-year increase. Imports increased by 9.8 percent to $3.3 billion.
This year the Central Bank of Honduras forecast $54 per barrel as the price of oil imports, but so far it has been running at close to $70 per barrel.