Excluding plantains, the global average export price for bananas reached US$614 per metric ton in 2024, marking a 5.3% increase compared with the US$583 per ton recorded in 2023.

Bananas intended for fresh consumption are often referred to as dessert bananas, distinguishing them from plantains, which are primarily used in cooking and food processing.

In 2024, Benin recorded the lowest average export price for bananas worldwide, at just US$103 per ton, reflecting its position as a low-cost West African supplier.

By contrast, Armenia, a landlocked country in southern Eurasia, ranked as the most expensive banana exporter, with an exceptionally high average price of US$25,000 per ton.

Measured by volume, global exports of fresh or dried bananas (excluding plantains) totaled approximately 24.66 million tons in 2024. This represents a year-on-year decline of 11.3% compared with 2023, and a relatively flat 0.3% decrease over the five-year period since 2020.

The largest banana exporters by shipment weight were Ecuador, Guatemala, the Philippines, Colombia, and Costa Rica. Together, these five countries accounted for nearly 66% of total global banana exports, highlighting their dominant role in the international banana trade.

For customs and trade analysis, bananas (excluding plantains) are classified under HS code 0803.

Countries with the Lowest Banana Export Prices

Ecuador, the world’s largest banana exporter by volume, reported an average export price of US$589 per ton, slightly below the global average due to large-scale production and logistics efficiencies.

The following countries recorded the lowest average export prices per ton in 2024 (ranked from lowest to higher prices):

· Benin: US$103 per ton

· Tanzania: US$104 per ton

· Zambia: US$138 per ton

· Oman: US$147 per ton

· Pakistan: US$166 per ton

· Malawi: US$167 per ton

· Zimbabwe: US$192 per ton

· Samoa: US$250 per ton

· Nicaragua: US$279 per ton

· Eswatini: US$307 per ton

· Malaysia: US$311 per ton

· Bolivia: US$329 per ton

· Senegal: US$333 per ton

· Kazakhstan: US$340 per ton

· Chile: US$346 per ton

· Paraguay: US$358 per ton

· Mozambique: US$359 per ton

· Botswana: US$400 per ton

· Tonga: US$400 per ton

· Indonesia: US$401 per ton

Among these exporters, the sharpest price declines compared with 2023 were observed in Oman, Chile, Botswana, Samoa, and Senegal.

Countries with the Highest Banana Export Prices

At the opposite end of the price spectrum, the following countries exported bananas at the highest average unit prices in 2024:

· Armenia: US$25,000 per ton

· Myanmar: US$9,426 per ton

· Serbia: US$7,035 per ton

· Togo: US$6,000 per ton

· Australia: US$4,952 per ton

· Trinidad and Tobago: US$3,933 per ton

· Uruguay: US$3,032 per ton

· Afghanistan: US$3,000 per ton

· Canada: US$2,964 per ton

· Bulgaria: US$2,867 per ton

· Rwanda: US$2,786 per ton

· El Salvador: US$2,500 per ton

· Ukraine: US$2,500 per ton

· Kenya: US$2,481 per ton

· Switzerland: US$2,346 per ton

· Montenegro: US$2,000 per ton

· South Korea: US$1,905 per ton

· Iceland: US$1,864 per ton

· New Zealand: US$1,857 per ton

· Bangladesh: US$1,759 per ton

The most significant year-on-year price increases were recorded by Myanmar, Serbia, Afghanistan, Armenia, and Kenya.

Top Banana Export Companies in 2025

According to Tendata global trade data, the leading banana exporters by company value in 2025 were:

1. AGZULASA CIA LTDA – US$2.90 billion (16.9%)

2. Exportadora de Banano Levexport S.A. – US$2.77 billion (16.12%)

3. Interbanana Export Interbananaexport S.A. – US$1.87 billion (10.91%)

4. Union de Bananeros Ecuatorianos S.A. (UBESA) – US$1.13 billion (6.56%)

5. Dole Philippines Inc – US$437.4 million (2.55%)

6. CI Union de Bananeros de Uraba S.A. (UNIBAN) – US$372.4 million (2.17%)

7. Sumifru Philippines Corporation – US$253.61 million (1.48%)

8. Reybanpac Rey Banano del Pacifico C.L. – US$244.6 million (1.43%)

9. CI Tecnicas Baltime de Colombia S.A.S – US$244.24 million (1.42%)

10. Banexcel S.A. – US$182.04 million (1.06%)