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Honduras trade gap widened by high oil prices

Thursday, July 5, 2018

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.