HS Icon Bananas in  Flag Ecuador

2019
Exports | Imports
: $3.43B | $1.05M, World Rnk 1 / 156
Flag Rnk 3 / 942 | World Rnk 107 / 198
Flag Rnk 716 / 1165

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $92.7M | $515k, China |  United Arab Emirates

2019
ECONOMIC COMPLEXITY of Ecuador
: -0.7, Rnk 109 / 147

2019
PRODUCT COMPLEXITY  IN Bananas
: -1.81, Rnk 992 / 1029

Exports In 2019, Ecuador exported $3.43B 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 ($649M), United States ($484M), Turkey ($226M), China ($221M), and Germany ($173M).

The fastest growing export markets for Bananas of Ecuador between 2018 and 2019 were China ($92.7M), Turkey ($72.4M), and Algeria ($66.1M).

Imports In 2019, Ecuador imported $1.05M in Bananas, becoming the 107th largest importer of Bananas in the world. At the same year, Bananas was the 716th most imported product in Ecuador. Ecuador imports Bananas primarily from: United Arab Emirates ($515k), United States ($283k), Turkey ($214k), Peru ($25.2k), and Russia ($8.49k).

The fastest growing import markets in Bananas for Ecuador between 2018 and 2019 were United Arab Emirates ($515k), Turkey ($214k), and United States ($175k).

Tariffs In 2018, the average tariff for Ecuador in Bananas was 21.4%. The countries with the highest import tariffs for Bananas were Angola (Most Favoured Nation duty rate treatement, 25%), Burundi (Most Favoured Nation duty rate treatement, 25%), Benin (Most Favoured Nation duty rate treatement, 25%), Burkina Faso (Most Favoured Nation duty rate treatement, 25%), and Botswana (Most Favoured Nation duty rate treatement, 25%).

Historical Data

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EXPORTS (2019): $3.43B

IMPORTS (2019): $1.05M

NET TRADE (2019): $3.43B

In 2019, Ecuador exported $3.43B in Bananas. The main destinations of Ecuador exports on Bananas were Russia ($649M), United States ($484M), Turkey ($226M), China ($221M), and Germany ($173M).

In 2019, Ecuador imported $1.05M in Bananas, mainly from United Arab Emirates ($515k), United States ($283k), Turkey ($214k), Peru ($25.2k), and Russia ($8.49k).

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IN 2019, Ecuador HAD A POSITIVE NET TRADE IN Bananas WITH:

IN 2019, Ecuador HAD A NEGATIVE NET TRADE IN Bananas WITH:: Peru , -$19.8k ($5.42k - $25.2k)

Flow

THE FASTEST GROWING Bananas EXPORT MARKETS FOR Ecuador WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Ecuador WERE (2018 - 2019):

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Market Concentration

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In 2019, Ecuador's main exporting competitors in Bananas were:

In 2019, Ecuador's main importing competitors in Bananas were:

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Bananas was 21.4%.

The countries with the highest tariffs for Bananas in Ecuador were Angola (Most Favoured Nation duty rate treatement, 25%), Burundi (Most Favoured Nation duty rate treatement, 25%), Benin (Most Favoured Nation duty rate treatement, 25%), Burkina Faso (Most Favoured Nation duty rate treatement, 25%), and Botswana (Most Favoured Nation duty rate treatement, 25%).