2022
Exports
$320MWorld Rnk 7 / 161
Flag Rnk 190 / 1193
2022
PRODUCT COMPLEXITY IN Bananas
-1.99Rnk 1001 / 1025
2022
Imports
$648kWorld Rnk 116 / 196
Flag Rnk 1115 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $320M in Bananas, making it the 7th largest exporter of Bananas in the world. At the same year, Bananas was the 190th most exported product in Mexico. The main destination of Bananas exports from Mexico are: United States ($235M), Japan ($47.2M), Canada ($22.6M), New Zealand ($8.53M), and Guatemala ($1.74M).

The fastest growing export markets for Bananas of Mexico between 2021 and 2022 were Canada ($13.9M), United States ($3.48M), and Japan ($1.73M).

Imports In 2022, Mexico imported $648k in Bananas, becoming the 116th largest importer of Bananas in the world. At the same year, Bananas was the 1115th most imported product in Mexico. Mexico imports Bananas primarily from: Ecuador ($294k), Peru ($141k), Costa Rica ($106k), United States ($91.2k), and Spain ($15.5k).

The fastest growing import markets in Bananas for Mexico between 2021 and 2022 were Ecuador ($246k), Costa Rica ($96.9k), and Spain ($9.3k).

COMPANIES In 2023, leading companies such as Chiquita (1.69k), Dekalb Farmers Market (486), and Fyffes (38) were at the forefront of shipping Bananas from Mexico to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bananas. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$320M
IMPORTS (2022)$648k
NET TRADE (2022)$320M

In 2022, Mexico exported $320M in Bananas. The main destinations of Mexico exports on Bananas were United States ($235M), Japan ($47.2M), Canada ($22.6M), New Zealand ($8.53M), and Guatemala ($1.74M).

In 2022, Mexico imported $648k in Bananas, mainly from Ecuador ($294k), Peru ($141k), Costa Rica ($106k), United States ($91.2k), and Spain ($15.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Canada$13.9M (159%)
United States$3.48M (1.5%)
Japan$1.73M (3.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Mexico WERE (2021 - 2022):
United Kingdom-$1.15M (-85.7%)
South Korea-$815k (-100%)
Romania-$656k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Bananas were:
In 2022, Mexico's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.2M
TOP IMPORT POTENTIALCosta Rica+ $164k

Bananas’s highest export potential is United States. With an export gap of $33.2M.   Bananas’s highest import potential is Costa Rica with an import gap of $164k.

See methodology.

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