Honduras remains at the forefront of Central American economic integration efforts. In May 1992, Honduras signed several trade agreements with its neighbors, including Free Trade Agreements with Guatemala and El Salvador, and a Honduran/Salvadoran/Guatemalan Northern Triangle Accord, with the intent of accelerating regional integration. Honduras is also a member of the WTO, and the CACM. Free trade agreements were under discussion with Chile, Panama, Mexico, the Andean Community, Taiwan, and the Dominican Republic in 1999.
The most important export from Honduras is coffee (33%), followed by printed matter (13%), and the cultivation of fruits and nuts (10%). Other major exports include shrimp and lobster (3.5%), wood and logging products, including paper (4.1%), and tobacco (2.4%).
In 2000 Honduras's imports were distributed among the following categories:
Consumer goods | 16.9% |
Food | 13.1% |
Fuels | 13.1% |
Industrial supplies | 28.5% |
Machinery | 16.7% |
Transportation | 11.5% |
Other | 0.2% |
Principal trading partners in 2000 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United States | 600 | 1,393 | -793 |
El Salvador | 107 | 180 | -73 |
Guatemala | 65 | 231 | -166 |
Germany | 62 | 38 | 24 |
Japan | 54 | 123 | -69 |
Belgium | 17 | n.a. | n.a. |
Nicaragua | 14 | 26 | -12 |
Spain | 13 | 36 | -23 |
France | 12 | 29 | -17 |
Trinidad and Tobago | 9 | 36 | -27 |
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