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2023
Exports $46.8MWorld Rnk 28 / 163
Flag Rnk 843 / 1217
2023
Destination $7.78M Canada
2022 - 2023
FASTEST GROWING MARKET $7.78MBermuda
2023
PRODUCT COMPLEXITY IN Bananas-1.96Rnk 995 / 1025
2023
Imports $2.99BWorld Rnk 1 / 203
Flag Rnk 171 / 1215
2023
Origin $83.1M Guatemala
2022 - 2023
FASTEST GROWING ORIGIN $83.1MCosta Rica
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $46.8M in Bananas, making it the 28th largest exporter of Bananas in the world. At the same year, Bananas was the 843rd most exported product in United States. The main destination of Bananas exports from United States are: Canada ($24.4M), Bermuda ($9.49M), Bahamas ($5.78M), Turks and Caicos Islands ($2.97M), and Cayman Islands ($2.53M).

The fastest growing export markets for Bananas of United States between 2022 and 2023 were Bermuda ($7.78M), Bahamas ($1.03M), and Turks and Caicos Islands ($877k).

Imports In 2023, United States imported $2.99B in Bananas, becoming the 1st largest importer of Bananas in the world. At the same year, Bananas was the 171st most imported product in United States. United States imports Bananas primarily from: Guatemala ($1.18B), Ecuador ($551M), Costa Rica ($478M), Honduras ($261M), and Mexico ($228M).

The fastest growing import markets in Bananas for United States between 2022 and 2023 were Costa Rica ($83.1M), Ecuador ($72.2M), and Guatemala ($60.6M).

COMPANIES In 2023, leading companies such as Chiquita (10.4k), Del Monte Foods (9.86k), and Dole Fresh Fruit (7.74k) were at the forefront of shipping Bananas to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Bananas exports accounted up to $43.6M and imports accounted up to $204M, resulting in a negative trade balance of $161M. Between November 2023 and November 2024 the exports of United States'   Bananas have increased by $139k (0.32%) from $43.4M to $43.6M, while imports decreased by $-8.52M (-4%) from $213M to $204M.

Destinations In November 2024, Bananas were exported mostly to Canada ($42.2M), Bermuda ($666k), Bahamas ($266k), Turks and Caicos Islands ($259k), and Cayman Islands ($125k), and were imported mostly from Guatemala ($79.7M), Ecuador ($36.3M), Costa Rica ($30.8M), Colombia ($19.9M), and Honduras ($16.7M).

Growth In November 2024, the increase in Bananas's year-by-year exports was explained primarily by an increase in exports to Canada ($3.56M or 9.57%), Bermuda ($95.9k or 19.2%), and Turks and Caicos Islands ($52.5k or 35.6%). In November 2024, the decrease in Bananas's year-by-year imports was explained primarily by a decrease in imports from Peru ($-712k or -25.4%), Guatemala ($-327k or -0.45%), and Nicaragua ($-303k or -61.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$139k(0.32%)
IMPORT GROWTH (November 2023 - November 2024)$-8.52M(-4%)
MAIN EXPORTER (November 2024)Delaware$12M
MAIN DESTINATION (November 2024)Canada$42.2M

This section shows Bananas's exports and imports data at subnational level for United States. 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 (2023)$46.8M
IMPORTS (2023)$2.99B
NET TRADE (2023)-$2.94B

In 2023, United States exported $46.8M in Bananas. The main destinations of United States exports on Bananas were Canada ($24.4M), Bermuda ($9.49M), Bahamas ($5.78M), Turks and Caicos Islands ($2.97M), and Cayman Islands ($2.53M).

In 2023, United States imported $2.99B in Bananas, mainly from Guatemala ($1.18B), Ecuador ($551M), Costa Rica ($478M), Honduras ($261M), and Mexico ($228M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR United States WERE (2022 - 2023):
Bermuda$7.78M (454%)
Bahamas$1.03M (21.8%)
Turks and Caicos Islands$877k (41.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY United States WERE (2022 - 2023):
Bahrain-$236k (-99.6%)
Honduras-$174k (-92.5%)
Belgium-$162k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Bananas were:
Ecuador $4.51B
Costa Rica $1.74B
Guatemala $1.55B
In 2023, United States's main importing competitors in Bananas were:
China $1.21B
Japan $940M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $643k
TOP IMPORT POTENTIALColombia+ $59.7M

Bananas’s highest export potential is South Korea. With an export gap of $643k.   Bananas’s highest import potential is Colombia with an import gap of $59.7M.

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