Table of Contents
- 1 What are the main industries in Honduras?
- 2 What goods and services does Honduras produce?
- 3 What is the most important industry in Honduras?
- 4 What do we trade with Honduras?
- 5 What are 3 natural resources in Honduras?
- 6 What are Honduras natural resources?
- 7 What kind of economy does Honduras have now?
- 8 What kind of crops are grown in Honduras?
- 9 How does the government of Honduras help farmers?
What are the main industries in Honduras?
Economy of Honduras
| Statistics | |
|---|---|
| Main industries | sugar processing, coffee, woven and knit apparel, wood products, cigars |
| Ease-of-doing-business rank | 133rd (medium, 2020) |
| External | |
| Exports | $8.675 billion (2017 est.) |
What goods and services does Honduras produce?
Main agricultural export products are: coffee (47 percent), shrimps (21 percent), bananas (11 percent), melon (7 percent), lobsters (6 percent) and pineapples (3 percent).
What is the most important industry in Honduras?
Honduras: Economy
| Economic Trivia | Honduras has had one of the highest economic growth rates in Latin America over the past few years. |
|---|---|
| Top Industries | Sugar; Coffee; Woven and Knit Apparel; Wood Products |
What are some examples of the service sector?
Examples of service sector jobs include housekeeping, tours, nursing, and teaching. By contrast, individuals employed in the industrial or manufacturing sectors produce tangible goods, such as cars, clothes, or equipment.
What are major resources in Honduras?
The country is known for resources such as mineral (such as gold, silver, and copper), textiles, tropical fruits, sugar cane, and coffee. All the resources are utilized locally while others are exported.
What do we trade with Honduras?
The top export categories (2-digit HS) in 2019 were: mineral fuels ($1.3 billion), cotton ($719 million), manmade staple fibers ($527 million), electrical machinery ($374 million), and special other (returns) ($319 million).
What are 3 natural resources in Honduras?
Natural resources include timber, gold, silver, copper, lead, zinc, iron ore, antimony, coal, fish, shrimp, and hydropower.
What are Honduras natural resources?
Who are Honduras main trading partners?
Honduras top 5 Export and Import partners
| Exporter | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 3,318 | 36.23 |
| China | 1,476 | 16.12 |
| Mexico | 726 | 7.93 |
| Guatemala | 488 | 5.33 |
Which is the most important industry in Honduran?
The Fishing Industry. The Honduran fishing industry is one of the nation’s most vital industries in the country since it employs a large section of the workforce. The well-developed component of the fishing industry in the country is shrimp and lobster fishing.
What kind of economy does Honduras have now?
Trade is an essential component of the Honduran economy, and some of their main trading partners include the US, Guatemala, and Mexico. Agriculture is one of the main industries in Honduras since it contributed 14% of the country’s GDP in 2013.
What kind of crops are grown in Honduras?
The growth of banana cultivation in Honduras attracted investment from foreign governments and several companies such as the Standard Fruit Company, and the United Fruit Company were established. Apart from bananas, other crops grown in the country included coffee, melons, and pineapples.
How does the government of Honduras help farmers?
The government of Honduras has put in place several strategies to increase agricultural production in the country such as giving farmers title deeds for their land and improving infrastructure in the agricultural regions. Despite the reforms implemented by the government, constant violence in the country has slowed down agricultural development.