 During the 1950s—as a result of these improvements and the strong international export prices—beef, cotton, and coffee became significant export products for the first time.Honduran sugar, timber, and tobacco also were exported, and by 1960 bananas had declined to a more modest share (45 percent) of total exports.During the 1960s, industrial growth was stimulated by the establishment of the Central American Common Market (CACM—see Appendix B).