HS Icon Bananas

Bananas, including plantains; fresh or dried

0803 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Bananas. In 2021, Bananas were the world's 287th most traded product, with a total trade of $13.6B. Between 2020 and 2021 the exports of Bananas decreased by -2.51%, from $14B to $13.6B. Trade in Bananas represent 0.00065% of total world trade.

Bananas are a part of Edible fruits, nuts & fruit peels. They include Bananas, including plantains, fresh or dried.

Exports In 2021 the top exporters of Bananas  were Ecuador ($3.67B), Philippines ($1.49B), Costa Rica ($1.23B), Colombia ($1.07B), and Guatemala ($1.01B).

Imports In 2021 the top importers of Bananas were United States ($2.44B), China ($1.14B), Japan ($852M), Germany ($801M), and Russia ($748M).

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 1000th in the Product Complexity Index (PCI).

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Ecuador, $3.67B

Top Destination (2021): United States, $2.44B

Bananas are the world's 287th most traded product.

In 2021, the top exporters of Bananas were Ecuador ($3.67B), Philippines ($1.49B), Costa Rica ($1.23B), Colombia ($1.07B), and Guatemala ($1.01B).

In 2021, the top importers of Bananas were United States ($2.44B), China ($1.14B), Japan ($852M), Germany ($801M), and Russia ($748M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Cambodia, $69.3M

Top Destination Growth (2020 -  2021): Spain, $80.1M

Between 2020 and 2021, the exports of Bananas grew the fastest in Cambodia ($69.3M), Vietnam ($67.2M), India ($40.8M), Netherlands ($33.2M), and Latvia ($31.8M).

Between 2020 and 2021, the fastest growing importers of Bananas were Spain ($80.1M), Romania ($41.6M), Russia ($41.2M), Morocco ($31.7M), and Belarus ($27.5M).

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Market Concentration

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Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Bananas are explained by 17 countries.

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TOP NET EXPORTER (2021): Ecuador, $3.67B

TOP NET IMPORTER (2021): United States, $2.17B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Bananas were Ecuador ($3.67B), Philippines ($1.49B), Costa Rica ($1.23B), Colombia ($1.07B), and Guatemala ($1B).

In 2021, the countries that had a largest trade value in imports than in exports of Bananas were United States ($2.17B), China ($1.12B), Japan ($852M), Russia ($703M), and United Kingdom ($540M).

Disaggregation

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Value

In 2021, the world most traded Bananas, disaggragated by their HS6 level were Bananas, including plantains, fresh or dried ($13.6B)

Country Comparison

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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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.