Bananas0803 (Harmonized System 1992 for 4-digit)
2020 World Trade: $13.9B, Rnk 240 / 1217
2020 Top Exporter | Top Importer: $3.83B | $2.58B, Ecuador | United States
2020 Product Complexity: -2.03, Rnk 1008 / 1028
2019 - 2020 Export Growth (CAGR): 0.76%, Rnk 309 / 1217
2018 Mean Tariff: 16.4%, Rnk 153 / 1259
2020 Share of World Trade: 0.083%, Rnk 240 / 1217
Overview This page contains the latest trade data of Bananas. In 2020, Bananas were the world's 240th most traded product, with a total trade of $13.9B. Between 2019 and 2020 the exports of Bananas grew by 0.76%, from $13.7B to $13.9B. Trade in Bananas represent 0.083% of total world trade.
Bananas are a part of Edible fruits, nuts & fruit peels. They include Bananas, including plantains, fresh or dried.
Exports In 2020 the top exporters of Bananas were Ecuador ($3.83B), Philippines ($1.66B), Costa Rica ($1.28B), Guatemala ($1.16B), and Colombia ($1.07B).
Imports In 2020 the top importers of Bananas were United States ($2.58B), China ($959M), Japan ($902M), Germany ($796M), and Netherlands ($779M).
Tariffs In 2018 the average tariff for Bananas was 16.4%, making it the 153rd lowest tariff using the HS4 product classification.
Ranking Bananas ranks 1008th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Ecuador, $3.83B
Top Destination (2020): United States, $2.58B
Bananas are the world's 240th most traded product.
In 2020, the top exporters of Bananas were Ecuador ($3.83B), Philippines ($1.66B), Costa Rica ($1.28B), Guatemala ($1.16B), and Colombia ($1.07B).
In 2020, the top importers of Bananas were United States ($2.58B), China ($959M), Japan ($902M), Germany ($796M), and Netherlands ($779M).
Trade by country
Top Origin Growth (2019 - 2020): Ecuador, $414M
Top Destination Decrease (2019 - 2020): China, -$326M
Between 2019 and 2020, the exports of Bananas grew the fastest in Ecuador ($414M), Costa Rica ($111M), Belgium ($101M), Cambodia ($80M), and Colombia ($69.2M).
Between 2019 and 2020, the fastest declining importers of Bananas were China (-$326M), United Kingdom (-$37.2M), Vietnam (-$34.1M), Belgium (-$32.8M), and Belarus (-$30.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Bananas.
In 2020, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Bananas are explained by 16 countries.
TOP NET EXPORTER (2020): Ecuador, $3.83B
TOP NET IMPORTER (2020): United States, $2.33B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Bananas were Ecuador ($3.83B), Philippines ($1.66B), Costa Rica ($1.27B), Guatemala ($1.15B), and Colombia ($1.07B).
In 2020, the countries that had a largest trade value in imports than in exports of Bananas were United States ($2.33B), China ($945M), Japan ($902M), Russia ($668M), and United Kingdom ($553M).
In 2020, the world most traded Bananas, disaggragated by their HS6 level were Bananas, including plantains, fresh or dried ($13.9B)
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.
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.
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