Honduras market overview
Honduras offers businesses opportunities for Canadian companies to expand their reach and profits in the region in many sectors including agriculture, professional services, value-added food-processing and manufacturing, as well as commodity and resource-based industries. Thanks to the Canada-Honduras Free Trade Agreement that entered into force on October 1st 2014, Honduras has a favourable tax climate for Canadian companies that engage in these sectors.
Doing business in Honduras requires an understanding of the local market; from setting up a corporation, registering with tax authorities, and determining the best methods for marketing and distribution which can be challenging.
The Canadian Trade Commissioner Service (TCS) will assist Canadian companies who want to take advantage of niche opportunities in Honduras by providing with practical advice and on-the-ground intelligence that will support market entry.
Key facts about the Honduran market
- Honduras has maintained diplomatic relations with Canada since 1961.
- Honduras and Canada have a Free Trade Agreement which entered into force on October 01, 2014.
- Honduras and Canada also have bilateral agreements on both Environmental and Labour Cooperation (2014)
- GDP stood at US$28.49 billion in 2021 (The World Bank figures)
Trade between Honduras and Canada
- Bilateral merchandise trade from January to November 2022 reached CA$547,1 million.
- Merchandise exports from Canada to Honduras totaled CA$45.8 million.
- Imports from Honduras totalled CA$501,3 million.
Priority sectors active in the market
- Agriculture & Processed Foods
- Clean Technologies
- Information and Communication Technology
- Manufacturing
- Infrastructure, Building Products and Services
Leading imports into the Canadian market
- Clothing
- Coffee
- Optical fibre cable
- Fruits and vegetables
- Motor vehicle parts
Leading exports from the Canadian market
- Fertilisers
- Machinery, and mechanical appliances
- Pork
- Frozen vegetables
- Plastics and articles thereof
Market information
Secretary of State for Economic Development - Honduras (in Spanish only)
Provides information on Honduran's trade and investment policies, status of the free trade agreements and trade statistics.
Canada – Honduras Free Trade Agreement (in force)
Information on Canada - Honduras Free Trade Agreement
Contact a Trade Commissioner – Embassy of Canada in Honduras
Get help with export advice and guidance to help you achieve your international business goals. Our trade commissioners can provide you with key business insights and access to an unbeatable network of international contacts.
