Bananas in United States 2021 Exports | Imports : $268M | $2.44B, World Rnk 12 / 166 Rnk 504 / 1216 | World Rnk 1 / 203 Rnk 201 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $12.1M | $30.1M, Canada | Panama
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Bananas: -2.02, Rnk 1000 / 1024
Exports In 2021, United States exported $268M in Bananas, making it the 12th largest exporter of Bananas in the world. At the same year, Bananas was the 504th most exported product in United States. The main destination of Bananas exports from United States are: Canada ($257M), Bermuda ($4.72M), Bahamas ($2.89M), Turks and Caicos Islands ($1.21M), and Cayman Islands ($896k).
The fastest growing export markets for Bananas of United States between 2020 and 2021 were Canada ($12.1M), Bahamas ($207k), and South Korea ($149k).
Imports In 2021, United States imported $2.44B in Bananas, becoming the 1st largest importer of Bananas in the world. At the same year, Bananas was the 201st most imported product in United States. United States imports Bananas primarily from: Guatemala ($895M), Ecuador ($506M), Costa Rica ($389M), Mexico ($231M), and Colombia ($177M).
The fastest growing import markets in Bananas for United States between 2020 and 2021 were Panama ($30.1M), Mexico ($11.9M), and Colombia ($8.87M).
May 2023
Overview In May 2023 United States' Bananas exports accounted up to $47.4M and imports accounted up to $258M, resulting in a negative trade balance of $211M. Between May 2022 and May 2023 the exports of United States' Bananas have increased by $4.66M (10.9%) from $42.7M to $47.4M, while imports increased by $34.7M (15.5%) from $223M to $258M.
Destinations In May 2023, Bananas were exported mostly to Canada ($45.6M), Bermuda ($848k), Bahamas ($465k), Cayman Islands ($185k), and Turks and Caicos Islands ($178k), and were imported mostly from Guatemala ($103M), Costa Rica ($44.7M), Ecuador ($34.8M), Colombia ($25.2M), and Honduras ($24.1M).
Growth In May 2023, the increase in Bananas's year-by-year exports was explained primarily by an increase in exports to Bahamas ($87.7k or 41.6%), Cayman Islands ($72.4k or 103%), and Turks and Caicos Islands ($50.4k or 51.8%). In May 2023, the increase in Bananas's year-by-year imports was explained primarily by an increase in imports from Guatemala ($12.8M or 21.2%), Honduras ($3.16M or 37%), and Panama ($952k or 70.1%).
EXPORT GROWTH (May 2022 - May 2023): $4.66M, (10.9%)
IMPORT GROWTH (May 2022 - May 2023): $34.7M, (15.5%)
MAIN EXPORTER (May 2023): Delaware, $10.9M
MAIN DESTINATION (May 2023): Canada, $45.6M
This section shows Bananas's exports and imports data at subnational level for United States. 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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EXPORTS (2021): $268M
IMPORTS (2021): $2.44B
NET TRADE (2021): -$2.17B
In 2021, United States exported $268M in Bananas. The main destinations of United States exports on Bananas were Canada ($257M), Bermuda ($4.72M), Bahamas ($2.89M), Turks and Caicos Islands ($1.21M), and Cayman Islands ($896k).
In 2021, United States imported $2.44B in Bananas, mainly from Guatemala ($895M), Ecuador ($506M), Costa Rica ($389M), Mexico ($231M), and Colombia ($177M).
THE FASTEST GROWING Bananas EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Bananas were:
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