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2022
Exports $3.68BWorld Rnk 1 / 161
Flag Rnk 3 / 1017
2022
Destination $75.2M Russia
2021 - 2022
FASTEST GROWING MARKET $75.2MRussia
2022
PRODUCT COMPLEXITY IN Bananas-1.99Rnk 1001 / 1025
2022
Imports $591kWorld Rnk 118 / 196
Flag Rnk 846 / 1175
2022
Origin $41.6k United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $41.6kPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3.68B in Bananas, making it the 1st largest exporter of Bananas in the world. At the same year, Bananas was the 3rd most exported product in Ecuador. The main destination of Bananas exports from Ecuador are: Russia ($780M), United States ($561M), Netherlands ($263M), Turkey ($174M), and Argentina ($155M).

The fastest growing export markets for Bananas of Ecuador between 2021 and 2022 were Russia ($75.2M), Netherlands ($63.8M), and United States ($53.3M).

Imports In 2022, Ecuador imported $591k in Bananas, becoming the 118th largest importer of Bananas in the world. At the same year, Bananas was the 846th most imported product in Ecuador. Ecuador imports Bananas primarily from: United Arab Emirates ($518k), Peru ($41.6k), United States ($19.6k), Chile ($11.6k), and Brazil ($123).

The fastest growing import markets in Bananas for Ecuador between 2021 and 2022 were Peru ($41.6k), Chile ($6.87k), and Brazil ($96).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (5.97k), One Banana (1.34k), and Chiquita (228) were at the forefront of shipping Bananas from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Bananas exports accounted up to $322M and imports accounted up to $4.37k, resulting in a positive trade balance of $322M. Between December 2020 and December 2021 the exports of Ecuador's   Bananas have decreased by $-66.7M (-17.1%) from $389M to $322M, while imports decreased by $-32.6k (-88.2%) from $37k to $4.37k.

Destinations In December 2021, Bananas were exported mostly to Russia ($60.7M), United States ($51.8M), Netherlands ($21.4M), Turkey ($16.7M), and Italy ($16M), and were imported mostly from .

Growth In December 2021, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to Italy ($-41.9M or -73.6%), United States ($-30.4M or -37.3%), and Turkey ($-23.3M or -71.7%). In July 2019, the decrease in Bananas's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-66.7M(-17.1%)
IMPORT GROWTH (April 2015 - July 2019)$-32.6k(-88.2%)
MAIN DESTINATION (December 2021)Russia$60.7M

This section shows Bananas's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Bananas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.68B
IMPORTS (2022)$591k
NET TRADE (2022)$3.68B

In 2022, Ecuador exported $3.68B in Bananas. The main destinations of Ecuador exports on Bananas were Russia ($780M), United States ($561M), Netherlands ($263M), Turkey ($174M), and Argentina ($155M).

In 2022, Ecuador imported $591k in Bananas, mainly from United Arab Emirates ($518k), Peru ($41.6k), United States ($19.6k), Chile ($11.6k), and Brazil ($123).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Russia$75.2M (10.7%)
Netherlands$63.8M (32.1%)
United States$53.3M (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Ecuador WERE (2021 - 2022):
Ukraine-$66M (-81.3%)
Germany-$54.8M (-34.4%)
Algeria-$44.6M (-46%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Bananas were:
Philippines $1.41B
Costa Rica $1.22B
In 2022, Ecuador's main importing competitors in Bananas were:
United States $2.7B
China $1.06B
Japan $797M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $43.9M
TOP IMPORT POTENTIALPeru+ $67k

Bananas’s highest export potential is China. With an export gap of $43.9M.   Bananas’s highest import potential is Peru with an import gap of $67k.

See methodology.

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