Key Highlights:
Bananas are widely accessible and affordable, making them a staple in diets in emerging and developed nations. Top banana-producing countries like Ecuador, China, and India supply this superfood worldwide.
In this blog, we will review the biggest banana exporters, banana HS codes, and brief insights into global banana export data.
So let's start by exploring the banana market size!
With exports leading the way in Latin America and the Caribbean, the worldwide banana sector, estimated at USD 64.06 billion in 2023, is expected to grow to USD 76.76 billion by 2030.
By taking advantage of their ideal temperatures and environmentally friendly methods, Ecuador, Guatemala, the Philippines, Costa Rica, and Colombia control the market.
A move towards sustainable farming, rising demand for speciality and organic bananas, and a developing market for value-added products are the primary drivers of the banana market.
The sector is robust in facing obstacles like disease outbreaks and climate change, concentrating on sustainability, quality, and ethical labour practices to satisfy changing consumer demands.
Around 135 million metric tonnes of bananas are produced every year. Here are the nations that have the significant contributions to banana production:
Rank |
Banana producing countries |
Annual Production (Tonnes) |
1 |
India |
30.5 million |
2 |
China |
12.1 million |
3 |
Indonesia |
7.2 million |
4 |
Brazil |
7.0 million |
5 |
Ecuador |
6.5 million |
6 |
Philippines |
6.4 million |
7 |
Guatemala |
3.9 million |
8 |
Colombia |
3.5 million |
9 |
Thailand |
3.1 million |
10 |
Uganda |
2.8 million |
So, India is the largest banana producer in the world. Still, it is the 9th biggest exporter of bananas. Only a small portion of India's banana production is exported due to mismanagement and high domestic consumption. China, Indonesia, and Brazil are the other top banana producing countries in the world.
Now it's time to check out the data on banana exports from the world!
The value of banana exports worldwide increased 6.7% from 2022 to $14.4 billion in 2023.
Ecuador, the Philippines, Costa Rica, Guatemala, and the Netherlands were the biggest banana exporters in 2023.
Based on banana export data, with an export value of USD 944.09 million, Guatemala's main export flow in 2023 was to the United States.
Here are the prominent banana HS codes
For more details on banana HS codes and banana export data, connect with us on Eximepdia.app
Here are the top banana exporting countries:
Rank |
Biggest banana exporters |
Banana export data (Export Value in USD) |
---|---|---|
1 |
Ecuador |
US$ 3.6 billion |
2 |
Philippines |
US$ 1.2 billion |
3 |
Costa Rica |
US$ 1.2 billion |
4 |
Guatemala |
US$ 980 million |
5 |
Netherlands |
US$ 906.5 million |
6 |
Colombia |
US$ 810.8 million |
7 |
United States |
US$ 490 million |
8 |
Germany |
US$ 314.2 million |
9 |
India |
US$ 250.7 million |
10 |
Honduras |
US$ 234.3 million |
Now, let's discuss each of the biggest banana exporters in detail:
As per banana export data, Ecuador exports around 25% of the world's bananas, making it the top exporter in the world. The United States, Russia, and Europe are the leading destinations for its banana exports.
A significant provider of bananas to Asian markets, especially China and Japan, is the Philippines. Cavendish bananas dominate its export market, making the nation 2nd biggest banana exporter in the world.
Costa Rica export quality bananas primarily to North America and Europe. Its agricultural economy is based on this industry.
Large multinational corporations that operate in the region are the main drivers of Guatemala's banana exports to the United States.
In Europe, the Netherlands serves as a significant hub for banana reexports. Bananas from Latin America enter through its ports, and it has been one of the top exporter of bananas over the years.
Being one of the world's largest banana exporters, Colombia primarily export quality bananas to the US and European markets. The sector employs thousands of people and is essential to the coastal areas.
Despite not being a big producer, the United States is the top exporter of bananas as it re-exports them in large quantities, with ports handling the distribution of imported bananas domestically and overseas.
Germany is a major market in the banana trade since it imports and reexports a lot of bananas throughout Europe, making the nation the 8th biggest banana exporter in the world.
India produces more bananas than any other country in the world, but only a tiny portion is exported. The main market for Indian banana exports is the Middle East.
The United States and Europe are Honduras' top export destinations for bananas. As it is included in the world's largest banana exporters, this fruit sector has been its primary source of foreign income and jobs.
So, Encuquor is the largest banana exporter in the world. Apart from Enduquor, the biggest banana exporters are essential in producing and exporting bananas in large quantities. A few more main banana exporters export bananas in reasonable quantities. To get the complete list of top banana exporting countries or banana HS codes, click here.
Here are the top markets for the world's largest exporter of bananas:
Rank |
Top banana export destinations |
Banana export data (Value in USD) |
1 |
United States |
$2.76 billion |
2 |
Germany |
$1.14 billion |
3 |
China |
$1.08 billion |
4 |
Japan |
$957.67 million |
5 |
Netherlands |
$888.82 million |
6 |
France |
$831.31 million |
7 |
United Kingdom |
$695.17 million |
8 |
Italy |
$597.34 million |
9 |
Canada |
$469.08 million |
10 |
Poland |
$376.06 million |
As these are the most prominent export destinations for the biggest banana exporters, they play a vital role in driving the banana demand. For more details on main banana exporters, banana HS codes, and top markets for banana export, obtain banana export data at Eximpedia.app
Below are the biggest banana exporters companies:
Main banana exporters companies |
Company origin |
Details |
ChiquitaFyffes |
Ireland |
180 million boxes of bananas are exported annually by the largest banana company following the 2014 merger. |
Dole Food Company |
United States |
Sources bananas from Peru, Ecuador, Honduras, and Colombia before exporting them all over the world. |
Favorita Fruit Company |
Ecuador |
Renowned for sustainable methods and a top exporter of bananas of the highest caliber. |
Fresh Del Monte Produce |
United States |
Significant international player with a focus on producing high-quality bananas. |
Grupo Noboa S.A. |
Ecuador |
One of Ecuador's biggest exporters of bananas, it sells its products all over the world under the Bonita brand. |
Chiquita |
United States |
Helping to become the nation the world's top exporter of bananas. |
Union De Bananeros Ecuatoriano |
Ecuador |
Contributing to the country’s position as a global leader in banana exports.. |
Operaciones Tropicales |
United States |
Focuses on finding and selling bananas. |
Standard Fruit De Honduras |
Honduras |
Operates under Dole and makes a substantial contribution to Honduras' exports of bananas. |
Reybanpac |
Ecuador |
Vertical integration guarantees bananas of the highest caliber for international markets. |
ChiquitaFyffes, an Ireland-based fresh banana exporters has the largest turnover in 2023. To get a details list of the shipment value of all the biggest banana exporters, banana HS codes, and more banana export data, visit Eximpedia.app
The export cycle includes learning about India's foreign trade policies, customs clearance processes, documentation, terms and conditions, risk management, market analysis, packaging overview, company formation, obtaining HS code of bananas, identifying and establishing connections with foreign banana buyers, establishing connections with international partners to ensure seamless export operations, and more.
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Also Read:
Rising Demand for Banana Powder Export from India
The Final Remarks!
In 2025, the biggest banana exporters, including Ecuador, the Philippines, and Guatemala, and industry titans Chiquita and Dole, will be driving the global banana trade's prosperity.
Despite ongoing issues like trade regulations and climate change, innovation and sustainability initiatives guarantee that bananas will remain a vital global trade product. To get engaged in this lucrative venture or to be the world's largest exporter of bananas, click here!
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