 Despite its status as a beneficiary of both the Caribbean Basin Initiative (CBI) and the Generalized System of Preferences (GSP)--both of which confer duty-free status on Honduran imports to the United States—Honduras has run a long-standing trade deficit with the United States.Total exports of goods and services by Honduras in 1992 was $843 million, of which about 52 percent went to the United States.The current amount exported by Honduras as of 2017 is $8.675 billion (USD$), with 34.5% of the said exports now going to the United States.