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Honduras EXTERNAL SECTOR
Trade
In the early 1990s, the United States was by far
Honduras's
leading trading partner, with Japan a distant second.
United States
exports to Honduras in 1992 were valued at US$533 million,
about 54
percent of the country's total imports of US$983 million.
Most of
the rest of Honduras's imports come from its Central
American
neighbors (see
table 6, Appendix A). Despite its status as
beneficiary of both the Caribbean Basin Initiative (CBI)
and the
Generalized System of Preferences (GSP)--both of which
confer dutyfree status on Honduran imports to the United
States--Honduras has
run a long-standing trade deficit with the United States.
Total
exports of goods and services by Honduras in 1992 were
US$843
million, of which about 52 percent went to the United
States (see
table 7, Appendix A). The current account deficit,
however,
continues to rise, from US$264 million in 1992 to an
estimated
US$370 million deficit in 1993.
Data as of December 1993
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