Exporting to Honduras
Growing import market
The import market has seen steady growth for the last six years. It is expected to continue growing until at least 2024 (IMF, 2019). UK exports to Honduras rose by 73.3% during the year up until 2019 (ONS, 2019). If you are thinking of exporting to Honduras or looking for a base to expand into the South American market, now could be a great time to do so.
Unemployment has fallen year on year since 2014, and this trend is expected to continue. GDP growth has remained positive for the same period, and GDP per capita is set to continue increasing until at least 2024 (IMF, 2019). This should lead to an increase in spending power for the local consumer.