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Honduras

EDC Position-open select programs

EDC's Position

  • Responsive approach to business
  • Open under select programs, subject to regular approval criteria

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Country At A Glance

Flag of Honduras
Map of Honduras

Country Facts

Nominal GDP17.02 Billion USD
Population7.771 Million
Total Trade/GDP111.75%
CurrencyHonduran Lempira (HNL)
Merchandise Imports from Canada49.18 Million CAD
Main importsManufactured Goods & Raw Materials, Machinery & Transportation Equipment, Food & Animal Products

EDC in Honduras

Canadian companies assisted28
International buyers insured39
Business volume26.69 Million CAD

Business Environment

The size of the economy has been growing in Honduras. Due to its membership in the Central America Free trade Agreement (CAFTA), and with the assistance of debt relief, market conditions are improving. Trade is highly important to the country's economy, which relies on exports of resources. A Free Trade Agreement was signed with Canada in 2011. Recent investments in non-traditional export sectors are slowly diversifying the economy which is constrained by IMF program. Canada and Honduras have an established and growing trade and investment relationship. 

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Forestry (Lumber, Pulp & Paper)

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Honduras. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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