2022
Exports
$1.41BWorld Rnk 2 / 161
Flag Rnk 10 / 1127
2022
PRODUCT COMPLEXITY IN Bananas
-1.99Rnk 1001 / 1025
2022
Imports
$205kWorld Rnk 126 / 196
Flag Rnk 1112 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.41B in Bananas, making it the 2nd largest exporter of Bananas in the world. At the same year, Bananas was the 10th most exported product in Philippines. The main destination of Bananas exports from Philippines are: Japan ($653M), China ($406M), South Korea ($197M), Saudi Arabia ($22.9M), and Hong Kong ($21.2M).

The fastest growing export markets for Bananas of Philippines between 2021 and 2022 were Kuwait ($8.05M), New Zealand ($7.17M), and Iran ($5.05M).

Imports In 2022, Philippines imported $205k in Bananas, becoming the 126th largest importer of Bananas in the world. At the same year, Bananas was the 1112th most imported product in Philippines. Philippines imports Bananas primarily from: South Korea ($186k), United Arab Emirates ($16.2k), Brazil ($1.17k), Indonesia ($1.06k), and United States ($518).

The fastest growing import markets in Bananas for Philippines between 2021 and 2022 were South Korea ($99.9k), United Arab Emirates ($16.2k), and United States ($518).

COMPANIES In 2023, leading companies such as Walong Marketing (1) were at the forefront of shipping Bananas from Philippines to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bananas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.41B
IMPORTS (2022)$205k
NET TRADE (2022)$1.41B

In 2022, Philippines exported $1.41B in Bananas. The main destinations of Philippines exports on Bananas were Japan ($653M), China ($406M), South Korea ($197M), Saudi Arabia ($22.9M), and Hong Kong ($21.2M).

In 2022, Philippines imported $205k in Bananas, mainly from South Korea ($186k), United Arab Emirates ($16.2k), Brazil ($1.17k), Indonesia ($1.06k), and United States ($518).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$8.05M (99.4%)
New Zealand$7.17M (84.9%)
Iran$5.05M (42.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Philippines WERE (2021 - 2022):
Japan-$55.9M (-7.88%)
China-$22.5M (-5.24%)
Saudi Arabia-$11.8M (-34.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Bananas were:
In 2022, Philippines's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.91M
TOP IMPORT POTENTIALUnited Arab Emirates+ $6.9k

Bananas’s highest export potential is United States. With an export gap of $9.91M.   Bananas’s highest import potential is United Arab Emirates with an import gap of $6.9k.

See methodology.

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