NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Bananas, including plantains; fresh or dried

0803 (Harmonized System 1992 for 4-digit)

2023
World Trade $15.8BRnk 255 / 1217
2023
Top Exporter | Top Importer $4.51B | $2.99BEcuador | United States
2023
Product Complexity -1.88Rnk 1000 / 1044
2022 - 2023
Export Growth (CAGR) 5.72%Rnk 236 / 1217
2023
Share of World Trade 0.07%Rnk 255 / 1217

About

Overview This page contains the latest trade data of Bananas. In 2023, Bananas were the world's 255th most traded product, with a total trade of $15.8B. Between 2022 and 2023 the exports of Bananas grew by 5.72%, from $14.9B to $15.8B. Trade in Bananas represent 0.07% of total world trade.

Bananas are a part of Edible fruits, nuts & fruit peels. They include Bananas & Plantains (Fresh/Dried).

Exports In 2023 the top exporters of Bananas  were Ecuador ($4.51B), Costa Rica ($1.74B), Guatemala ($1.55B), Philippines ($1.52B), and Colombia ($1.3B).

Imports In 2023 the top importers of Bananas were United States ($2.99B), China ($1.21B), Japan ($940M), Netherlands ($851M), and France ($829M).

Ranking Bananas ranks 1000th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

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

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

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Ecuador$4.51B
Top Destination (2023)United States$2.99B

In 2023 Bananas were the world's 255th most traded product (out of 1,217).

In 2023, the top exporters of Bananas were Ecuador ($4.51B), Costa Rica ($1.74B), Guatemala ($1.55B), Philippines ($1.52B), and Colombia ($1.3B).

In 2023, the top importers of Bananas were United States ($2.99B), China ($1.21B), Japan ($940M), Netherlands ($851M), and France ($829M).

Explore Visualizations

Exporters of Bananas (2023)
[Click to Select a Country]

Importers of Bananas (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ecuador$412M
Top Destination Growth (2022 -  2023)United States$168M

Between 2022 and 2023, the exports of Bananas grew the fastest in Ecuador ($412M), Costa Rica ($159M), Burma ($157M), Guatemala ($109M), and Panama ($71.7M).

Between 2022 and 2023, the fastest growing importers of Bananas were United States ($168M), France ($129M), Netherlands ($113M), China ($103M), and Italy ($92.6M).

Explore Visualizations

Exporters of Bananas (2022 - 2023)

Importers of Bananas (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bananas.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Bananas are explained by 15 countries.

Explore Visualizations

Value of Exports in Bananas

Net Trade

TOP NET EXPORTER (2023)Ecuador$4.5B
TOP NET IMPORTER (2023)United States$2.94B

This map shows which countries export or import more of Bananas. Each country is colored based on the difference in exports and imports of Bananas during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bananas were Ecuador ($4.5B), Costa Rica ($1.74B), Guatemala ($1.55B), Philippines ($1.52B), and Colombia ($1.3B).

In 2023, the countries that had a largest trade value in imports than in exports of Bananas were United States ($2.94B), China ($1.2B), Japan ($940M), Russia ($754M), and France ($718M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Bananas.
It is possible to select the main countries that export or import Bananas in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bananas by percentage of total exports

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $12.2M
TOP IMPORT POTENTIALMexico+ $439k

Bananas’s highest export potential is Japan. With an export gap of $12.2M.  Bananas’s highest import potential is Mexico with an import gap of $439k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Bananas.

Country by Relatedness

The following visualization shows the relatedness of Bananas to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms