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2022
Exports $291MWorld Rnk 11 / 161
Flag Rnk 508 / 1217
2022
Destination $17.6M Canada
2021 - 2022
FASTEST GROWING MARKET $17.6MCanada
2022
PRODUCT COMPLEXITY IN Bananas-1.99Rnk 1001 / 1025
2022
Imports $2.7BWorld Rnk 1 / 196
Flag Rnk 200 / 1216
2022
Origin $133M Guatemala
2021 - 2022
FASTEST GROWING ORIGIN $133MHonduras
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $291M in Bananas, making it the 11th largest exporter of Bananas in the world. At the same year, Bananas was the 508th most exported product in United States. The main destination of Bananas exports from United States are: Canada ($274M), Bermuda ($7.21M), Bahamas ($3.82M), Cayman Islands ($2.14M), and Turks and Caicos Islands ($2.09M).

The fastest growing export markets for Bananas of United States between 2021 and 2022 were Canada ($17.6M), Bermuda ($2.46M), and Cayman Islands ($1.25M).

Imports In 2022, United States imported $2.7B in Bananas, becoming the 1st largest importer of Bananas in the world. At the same year, Bananas was the 200th most imported product in United States. United States imports Bananas primarily from: Guatemala ($1.01B), Ecuador ($561M), Costa Rica ($338M), Honduras ($278M), and Mexico ($235M).

The fastest growing import markets in Bananas for United States between 2021 and 2022 were Honduras ($133M), Guatemala ($112M), and Ecuador ($53.3M).

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

August 2024

About

Overview In August 2024 United States' Bananas exports accounted up to $46.5M and imports accounted up to $228M, resulting in a negative trade balance of $181M. Between August 2023 and August 2024 the exports of United States'   Bananas have increased by $3.26M (7.54%) from $43.2M to $46.5M, while imports decreased by $-12.8M (-5.32%) from $241M to $228M.

Destinations In August 2024, Bananas were exported mostly to Canada ($44.6M), Bermuda ($931k), Bahamas ($359k), Turks and Caicos Islands ($312k), and Cayman Islands ($194k), and were imported mostly from Guatemala ($85.9M), Ecuador ($46.3M), Costa Rica ($34.4M), Colombia ($27.3M), and Honduras ($15.6M).

Growth In August 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 ($52.5k or 35.6%). In August 2024, the decrease in Bananas's year-by-year imports was explained primarily by a decrease in imports from Peru ($-712k or -25.4%), Guatemala ($-327k or -0.45%), and Nicaragua ($-303k or -61.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.26M(7.54%)
IMPORT GROWTH (August 2023 - August 2024)$-12.8M(-5.32%)
MAIN EXPORTER (August 2024)Delaware$12M
MAIN DESTINATION (August 2024)Canada$44.6M

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 (2022)$291M
IMPORTS (2022)$2.7B
NET TRADE (2022)-$2.41B

In 2022, United States exported $291M in Bananas. The main destinations of United States exports on Bananas were Canada ($274M), Bermuda ($7.21M), Bahamas ($3.82M), Cayman Islands ($2.14M), and Turks and Caicos Islands ($2.09M).

In 2022, United States imported $2.7B in Bananas, mainly from Guatemala ($1.01B), Ecuador ($561M), Costa Rica ($338M), Honduras ($278M), and Mexico ($235M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$17.6M (6.87%)
Bermuda$2.46M (51.8%)
Cayman Islands$1.25M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY United States WERE (2021 - 2022):
Qatar-$196k (-100%)
South Korea-$75.5k (-27%)
United Kingdom-$63.9k (-76.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Bananas were:
Ecuador $3.68B
Philippines $1.41B
Costa Rica $1.22B
In 2022, United States's main importing competitors in Bananas were:
China $1.06B
Japan $797M

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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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