Exporting cooked shrimp to Mexico becomes an important economic engine for Honduras

Value Added Shrimp & Prawn

Published Mar 22, 2024

Tridge summary

The Honduran government is fostering economic growth by promoting the export of cooked shrimp, with 645 metric tons already exported to Sinaloa, Mexico in 2023. This initiative, involving over 409 farms, has created approximately 10,000 jobs. To stimulate investment in this high-cost sector, the government has introduced tax incentives, considering a shrimp processing plant costs an estimated US$110 million. Strict health measures are enforced to ensure product quality and safety, and the exports are facilitated by trade agreements between Honduras and Mexico.

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Original content

Honduras' "LaPrensa" News Network reported on March 20 that exporting cooked shrimp is one of the measures taken by the Honduran government to promote the country's economic development. Choluteca and Valle provinces in southern Honduras are the main places to grow shrimp seedlings. province. Andah data shows that in 2023, Honduras exported approximately 645 metric tons of cooked shrimp to the Mexican state of Sinaloa, equivalent to 1.42 million pounds. Fredis Alonso Serrato Ballea, Secretary of State at the Office of Economic Development Fredis Alonso Cerrato Valladares said that this export activity involves more than 409 farms, directly creates about 10,000 jobs, and has become one of the important engines of the economy. The cultivation and export of shrimp require a large amount of investment. According to Valladares, the investment in a shrimp processing plant is estimated at US$110 million, and shrimp seedling laboratories and planting plants also require large-area land ...

Source: Foodmate