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Bananas, including plantains; fresh or dried

0803 (Harmonized System 1992 for 4-digit)

2022
World Trade $13.5BRnk 305 / 1218
2022
Top Exporter | Top Importer $3.68B | $2.7BEcuador | United States
2022
Product Complexity -1.95Rnk 999 / 1033
2021 - 2022
Export Growth (CAGR) -0.99%Rnk 907 / 1218
2022
Share of World Trade 0.057%Rnk 305 / 1218

About

Overview This page contains the latest trade data of Bananas. In 2022, Bananas were the world's 305th most traded product, with a total trade of $13.5B. Between 2021 and 2022 the exports of Bananas decreased by -0.99%, from $13.7B to $13.5B. Trade in Bananas represent 0.057% of total world trade.

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

Exports In 2022 the top exporters of Bananas  were Ecuador ($3.68B), Philippines ($1.41B), Costa Rica ($1.22B), Colombia ($1.16B), and Guatemala ($1.12B).

Imports In 2022 the top importers of Bananas were United States ($2.7B), China ($1.06B), Japan ($797M), Russia ($794M), and Germany ($731M).

Ranking Bananas ranks 999th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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.

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* 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.

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Historical Data

Exporters and Importers

Top Origin (2022)Ecuador$3.68B
Top Destination (2022)United States$2.7B

In 2022 Bananas were the world's 305th most traded product (out of 1,218).

In 2022, the top exporters of Bananas were Ecuador ($3.68B), Philippines ($1.41B), Costa Rica ($1.22B), Colombia ($1.16B), and Guatemala ($1.12B).

In 2022, the top importers of Bananas were United States ($2.7B), China ($1.06B), Japan ($797M), Russia ($794M), and Germany ($731M).

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Exporters of Bananas (2022)
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Importers of Bananas (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Honduras$156M
Top Destination Growth (2021 -  2022)United States$254M

Between 2021 and 2022, the exports of Bananas grew the fastest in Honduras ($156M), Guatemala ($112M), Vietnam ($80.1M), Colombia ($62.4M), and Cote d'Ivoire ($59.4M).

Between 2021 and 2022, the fastest growing importers of Bananas were United States ($254M), Canada ($55.7M), Russia ($45.1M), Argentina ($30.5M), and Switzerland ($28.3M).

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Exporters of Bananas (2021 - 2022)

Importers of Bananas (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Bananas are explained by 16 countries.

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Value of Exports in Bananas

Net Trade

TOP NET EXPORTER (2022)Ecuador$3.68B
TOP NET IMPORTER (2022)United States$2.41B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bananas were Ecuador ($3.68B), Philippines ($1.41B), Costa Rica ($1.21B), Colombia ($1.15B), and Guatemala ($1.12B).

In 2022, the countries that had a largest trade value in imports than in exports of Bananas were United States ($2.41B), China ($1.04B), Japan ($797M), Russia ($779M), and United Kingdom ($534M).

Net Trade (2022)

Country Comparison

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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

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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.

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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 (2022)

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 (2022)

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