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2023
Exports $4.51BWorld Rnk 1 / 163
Flag Rnk 3 / 1002
2023
Destination $89M Russia
2022 - 2023
FASTEST GROWING MARKET $89MPoland
2023
PRODUCT COMPLEXITY IN Bananas-1.96Rnk 995 / 1025
2023
Imports $5.39MWorld Rnk 87 / 203
Flag Rnk 468 / 1173
2023
Origin $4.8M United Arab Emirates
2022 - 2023
FASTEST GROWING ORIGIN $4.8MUnited Arab Emirates
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $4.51B in Bananas, making it the 1st largest exporter of Bananas in the world. At the same year, Bananas was the 3rd most exported product in Ecuador. The main destination of Bananas exports from Ecuador are: Russia ($758M), United States ($551M), Netherlands ($253M), Argentina ($185M), and Italy ($172M).

The fastest growing export markets for Bananas of Ecuador between 2022 and 2023 were Poland ($89M), Algeria ($82.6M), and United States ($72.2M).

Imports In 2023, Ecuador imported $5.39M in Bananas, becoming the 87th largest importer of Bananas in the world. At the same year, Bananas was the 468th most imported product in Ecuador. Ecuador imports Bananas primarily from: United Arab Emirates ($5.32M), United States ($45.2k), Chile ($14.7k), and Costa Rica ($10k).

The fastest growing import markets in Bananas for Ecuador between 2022 and 2023 were United Arab Emirates ($4.8M), United States ($25.6k), and Costa Rica ($10k).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (5.97k), One Banana (1.34k), and Chiquita (228) were at the forefront of shipping Bananas from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Bananas exports accounted up to $322M and imports accounted up to $4.37k, resulting in a positive trade balance of $322M. Between December 2020 and December 2021 the exports of Ecuador's   Bananas have decreased by $-66.7M (-17.1%) from $389M to $322M, while imports decreased by $-32.6k (-88.2%) from $37k to $4.37k.

Destinations In December 2021, Bananas were exported mostly to Russia ($60.7M), United States ($51.8M), Netherlands ($21.4M), Turkey ($16.7M), and Italy ($16M), and were imported mostly from .

Growth In December 2021, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to Italy ($-41.9M or -73.6%), United States ($-30.4M or -37.3%), and Turkey ($-23.3M or -71.7%). In July 2019, the decrease in Bananas's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-66.7M(-17.1%)
IMPORT GROWTH (April 2015 - July 2019)$-32.6k(-88.2%)
MAIN DESTINATION (December 2021)Russia$60.7M

This section shows Bananas's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Bananas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.51B
IMPORTS (2023)$5.39M
NET TRADE (2023)$4.5B

In 2023, Ecuador exported $4.51B in Bananas. The main destinations of Ecuador exports on Bananas were Russia ($758M), United States ($551M), Netherlands ($253M), Argentina ($185M), and Italy ($172M).

In 2023, Ecuador imported $5.39M in Bananas, mainly from United Arab Emirates ($5.32M), United States ($45.2k), Chile ($14.7k), and Costa Rica ($10k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Poland$89M (130%)
Algeria$82.6M (158%)
United States$72.2M (15.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Ecuador WERE (2022 - 2023):
Germany-$93.3M (-41.4%)
Turkey-$48.2M (-58.3%)
Belgium-$47.3M (-41.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Bananas were:
Costa Rica $1.74B
Guatemala $1.55B
In 2023, Ecuador's main importing competitors in Bananas were:
United States $2.99B
China $1.21B
Japan $940M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $43.9M
TOP IMPORT POTENTIALPeru+ $67k

Bananas’s highest export potential is China. With an export gap of $43.9M.   Bananas’s highest import potential is Peru with an import gap of $67k.

See methodology.

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