2023
Exports
$1.52BWorld Rnk 4 / 163
Flag Rnk 11 / 1123
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$74.9kWorld Rnk 146 / 203
Flag Rnk 1137 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.52B in Bananas, making it the 4th largest exporter of Bananas in the world. At the same year, Bananas was the 11th most exported product in Philippines. The main destination of Bananas exports from Philippines are: Japan ($759M), China ($423M), South Korea ($165M), Saudi Arabia ($40.1M), and Iran ($28.6M).

The fastest growing export markets for Bananas of Philippines between 2022 and 2023 were Japan ($72.2M), Saudi Arabia ($4.18M), and Bahrain ($2.97M).

Imports In 2023, Philippines imported $74.9k in Bananas, becoming the 146th largest importer of Bananas in the world. At the same year, Bananas was the 1137th most imported product in Philippines. Philippines imports Bananas primarily from: United Arab Emirates ($72.2k), Sri Lanka ($1.14k), Mozambique ($1k), and Brazil ($559).

The fastest growing import markets in Bananas for Philippines between 2022 and 2023 were United Arab Emirates ($55.9k), Mozambique ($946), and Sri Lanka ($599).

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

Dec 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 (2023)$1.52B
IMPORTS (2023)$74.9k
NET TRADE (2023)$1.52B

In 2023, Philippines exported $1.52B in Bananas. The main destinations of Philippines exports on Bananas were Japan ($759M), China ($423M), South Korea ($165M), Saudi Arabia ($40.1M), and Iran ($28.6M).

In 2023, Philippines imported $74.9k in Bananas, mainly from United Arab Emirates ($72.2k), Sri Lanka ($1.14k), Mozambique ($1k), and Brazil ($559).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$72.2M (10.5%)
Saudi Arabia$4.18M (11.6%)
Bahrain$2.97M (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Philippines WERE (2022 - 2023):
China-$45.8M (-9.78%)
South Korea-$41.2M (-20%)
Iran-$11.1M (-27.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Bananas were:
In 2023, 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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