HS Icon Bananas

0803 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $14.2B, Rnk 251 / 1217

2019
Top Exporter | Top Importer
: $3.43B | $2.45B, Ecuador | United States

2019
Product Complexity
: -1.9, Rnk 929 / 961

2018 - 2019
Export Growth (CAGR)
: 1.94%, Rnk 271 / 1217

2018
Mean Tariff
: 16.1%, Rnk 166 / 1259

 2019
Share of World Trade
: 0.079%, Rnk 251 / 1217

Overview:  This page contains the latest trade data of Bananas. In 2019, Bananas were the world's 251st most traded product, with a total trade of $14.2B. Between 2018 and 2019 the exports of Bananas grew by 1.94%, from  $14B to $14.2B. Trade in Bananas represent 0.079% of total world trade.

Exports: In 2019 the top exporters of Bananas  were Ecuador ($3.43B), Philippines ($1.93B), Costa Rica ($1.18B), Guatemala ($1.16B), and Colombia ($997M).

Imports: In 2019 the top importers of Bananas were United States ($2.45B), China ($1.24B), Germany ($939M), Japan ($882M), and Netherlands ($788M).

Tariffs: In 2018 the average tariff for Bananas was 16.1%, making it the 166th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bananas are Cyprus (175%), Turkey (145%), Thailand (113%), Taiwan (99.3%), and Belize (76.3%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Oman (0%).

Ranking: Bananas ranks 929th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Ecuador, $3.43B

Top Destination (2019): United States, $2.45B

Bananas are the world's 251st most traded product.

In 2019, the top exporters of Bananas were Ecuador ($3.43B), Philippines ($1.93B), Costa Rica ($1.18B), Guatemala ($1.16B), and Colombia ($997M).

In 2019, the top importers of Bananas were United States ($2.45B), China ($1.24B), Germany ($939M), Japan ($882M), and Netherlands ($788M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Guatemala, $215M

Top Destination Growth (2018 - 2019): China, $308M

Between 2018 and 2019, the exports of Bananas grew the fastest in Guatemala ($215M), Netherlands ($76M), Philippines ($75.3M), Vietnam ($70M), and Laos ($62M).

Between 2018 and 2019, the fastest growing importers of Bananas were China ($308M), Canada ($144M), Turkey ($89.7M), United States ($80.2M), and Algeria ($67.3M).

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Market Concentration

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Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Bananas are explained by 17 countries.

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TOP NET EXPORTER (2019): Ecuador, $3.43B

TOP NET IMPORTER (2019): United States, $2.2B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Bananas were Ecuador ($3.43B), Philippines ($1.93B), Costa Rica ($1.17B), Guatemala ($1.16B), and Colombia ($996M).

In 2019, the countries that had a largest trade value in imports than in exports of Bananas were United States ($2.2B), China ($1.22B), Japan ($882M), Germany ($699M), and Russia ($609M).

Disaggregation

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Value

In 2019, the world most traded Bananas, disaggragated by their HS6 level were Bananas, including plantains, fresh or dried ($14.2B)

Import Tariffs

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In 2018, the average tariff for importing Bananas was 16.1%.  The countries with the highest tariffs for importing Bananas were Cyprus (175%), Turkey (145%), Thailand (113%), Taiwan (99.3%), and Belize (76.3%).

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Product Complexity

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Diversification Frontier

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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.