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Export News
05-02-2025
In 2023, global exports of bananas reached a total value of $14.4 billion.
This figure marks a 4.1% increase from the five-year period starting in 2019, when the total value of banana shipments stood at $13.9 billion.
From 2022 to 2023, the value of banana exports worldwide grew by 6.7%, rising from $13.5 billion.
The top five exporters of bananas—Ecuador, the Philippines, Costa Rica, Guatemala, and the Netherlands—accounted for nearly 60% (57.4%) of the global banana trade.
From a continental perspective, Latin America (excluding Mexico) and the Caribbean emerged as the largest banana exporters in 2023, contributing $8 billion worth of banana shipments, representing 55.5% of global exports. European exporters followed with 19.4%, while Asia contributed 15.7%.
Smaller shares came from North American exporters (5.3%), African exporters (4.1%), and Oceania, which accounted for a minimal 0.003%, led by Australia and Pitcairn.
For classification purposes, fresh or dried bananas and plantains are designated under the 4-digit Harmonized Tariff System code prefix 0803.
Top 15 Banana Exporters by Country
The following are the 15 countries that exported the highest dollar value of bananas in 2023:
1.Ecuador: $3.8 billion (26.3% of global banana exports)
2.Philippines: $1.22 billion (8.5%)
3.Costa Rica: $1.19 billion (8.2%)
4.Guatemala: $1.15 billion (8%)
5.Netherlands: $926.3 million (6.4%)
6.Colombia: $915.2 million (6.3%)
7.Belgium: $753.8 million (5.2%)
8.United States: $527.1 million (3.7%)
9.Germany: $314.2 million (2.2%)
10.Vietnam: $312 million (2.2%)
11.Honduras: $303.2 million (2.1%)
12.India: $251.4 million (1.7%)
13.Cameroon: $249.4 million (1.7%)
14.Mexico: $240.5 million (1.7%)
15.France: $205.7 million (1.4%)
Together, these 15 countries accounted for 85.6% of total global banana exports in 2023.
Among the leading exporters, the countries with the most significant growth in banana exports were India (up 54.4% compared to 2022), Germany (up 24.8%), Netherlands (up 16.9%), Costa Rica (up 16.8%), France (up 14%), and the Philippines (up 11.2%).
On the other hand, Colombia experienced the largest decline, with exports dropping by 14.7% from 2022, followed by Cameroon (-9.5%) and Mexico (-9%).
Leading Banana Exporting Companies in 2024
According to global trade data provider Tendata, the following companies are the top banana exporters:
1.AGZULASA CIA LTDA - 24.33% market share, $3.16 billion
2.UNION DE BANANEROS ECUATORIANOS S A (UBESA) - 9.42%, $1.22 billion
3.INTERBANANA EXPORT INTERBANANAEXPORT S A - 3.82%, $495.97 million
4.C I UNION DE BANANEROS DE URABA S A (UNIBAN) - 3.16%, $409.73 million
5.ASOCIACION DE AGRICULTORES BANANEROS DEL LITORAL (ASOAGRIBAL) - 3.12%, $404.68 million
6.DOLE PHILIPPINES INC - 2.03%, $263.43 million
7.REYBANPAC REY BANANO DEL PACIFICO CL - 1.8%, $233.19 million
8.EXPORTADORA DE FRUTAS EXPORTVAL S A - 1.45%, $188.52 million
9.C I TECNICAS BALTIME DE COLOMBIA S A - 1.4%, $181.78 million
10.LUDERSON S A - 1.39%, $180.38 million
These companies represent the major players in the global banana export market and hold a significant share of the industry's supply chain.
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