Ecuador’s Bananas Exports by Country

Ecuador bananas harvest (courtesy of Pixabay.com)

Ecuador’s bananas harvest

Blessed with plantations located in the northwestern part of South America, Ecuador is the world’s number one exporter of bananas including plantains.

During 2017, Ecuador exported US$3 billion worth of bananas delivered to 71 countries worldwide. That dollar amount reflects a 30.6% increase since 2013 and a 11.1% upswing from 2016 to 2017.

The latest metrics solidify Ecuador’s position as the leading exporter of bananas ahead of the Philippines, Belgium, Costa Rica, Colombia and Guatemala.

From a continental perspective, European countries bought $1.7 billion worth of exported bananas from Ecuador equaling 55.1% of overall such import purchases. Asia was a distant second consuming 18.4% of Ecuador’s exported bananas trailed by North American importers at 17.2%, Latin America at 7.4% then Oceania at 1.1% and Africa at 0.7%.

Below, you will discover more insights on worldwide demand for Ecuador’s bananas exports both at the country and continent level.

Ecuador’s Bananas Exports by Country

Top 15

Below are the 15 countries that spent the most on exported bananas from Ecuador during 2017.

  1. Russia: US$638.9 million (21% of Ecuador’s exported bananas)
  2. United States: $523.8 million (17.2%)
  3. Italy: $268.3 million (8.8%)
  4. Germany: $262 million (8.6%)
  5. Argentina: $136.7 million (4.5%)
  6. Turkey: $104.6 million (3.4%)
  7. Belgium: $95.1 million (3.1%)
  8. Saudi Arabia: $81.7 million (2.7%)
  9. Chile: $76.3 million (2.5%)
  10. Japan: $71.4 million (2.3%)
  11. Netherlands: $70 million (2.3%)
  12. United Kingdom: $69.7 million (2.3%)
  13. China: $67.2 million (2.2%)
  14. Iran: $62.9 million (2.1%)
  15. Iraq: $56.4 million (1.9%)

The listed 15 countries shipped 84.9% of bananas exported from Ecuador in 2017. All told, Ecuador exported bananas to an overall total of 71 different countries or territories.

Among the top 15 countries, the fastest-growing markets for Ecuadorean bananas since 2013 are: Iraq (up 3,279%), China (up 349%), Saudi Arabia (up 258.1%), Japan (up 246.5%) then Argentina (up 221.2%).

Three countries posted declines in their purchases of bananas from Ecuador namely Turkey (down -51.6%), Chile (down -37.3%) and Belgium (down -33.6%).

Europe

Twenty-three of Ecuador’s 27 trading partners in Europe purchased at least $1 million worth of Ecuadorean bananas in 2017. The 10 top customers below consumed 97.9% of Ecuadorian bananas exported to Europe.

  1. Russia: US$638.9 million (38.1% of Europe’s total)
  2. Italy: $268.3 million (16%)
  3. Germany: $262 million (15.6%)
  4. Belgium: $95.1 million (5.7%)
  5. Netherlands: $70 million (4.2%)
  6. United Kingdom: $69.7 million (4.2%)
  7. Ukraine: $52.1 million (3.1%)
  8. Greece: $51.9 million (3.1%)
  9. Sweden: $41.2 million (2.5%)
  10. Poland: $23.9 million (1.4%)
  11. Slovenia: $19 million (1.1%)
  12. Norway: $14.2 million (0.8%)
  13. Croatia: $14 million (0.8%)
  14. Bulgaria: $12 million (0.7%)
  15. Albania: $10.3 million (0.6%)
  16. Lithuania: $9.5 million (0.6%)
  17. Finland: $6.6 million (0.4%)
  18. Montenegro: $5.1 million (0.3%)
  19. France: $4.4 million (0.3%)
  20. Spain: $4.4 million (0.3%)
  21. Portugal: $2.3 million (0.1%)
  22. Malta: $1.2 million (0.1%)
  23. Cyprus: $1.1 million (0.1%)
  24. Romania: $850,000 (0.1%)
  25. Moldova: $278,000 (0.02%)
  26. Czech Republic: $23,000 (0.001%)
  27. Latvia: $10,000 (0.0006%)

The value of Ecuador’s exported bananas sent to Europe increased by 30.8% over the 5-year period starting in 2013 and improved by 10.2% from 2016 to 2017.

Asia

Seventeen of Ecuador’s 26 trading partners in Asia imported at least $1 million worth of Ecuadorean bananas in 2017. The 10 top customers below represent 99% of Ecuador’s total bananas exported to Asia.

  1. Turkey: US$104.6 million (18.6% of Asia’s total)
  2. Saudi Arabia: $81.7 million (14.6%)
  3. Japan: $71.4 million (12.7%)
  4. China: $67.2 million (12%)
  5. Iran: $62.9 million (11.2%)
  6. Iraq: $56.4 million (10%)
  7. United Arab Emirates: $31.5 million (5.6%)
  8. South Korea: $20.7 million (3.7%)
  9. Kuwait: $20.4 million (3.6%)
  10. Georgia: $19 million (3.4%)
  11. Azerbaijan: $5.9 million (1.1%)
  12. Hong Kong: $4.7 million (0.8%)
  13. Jordan: $4.2 million (0.7%)
  14. Kazakhstan: $2.9 million (0.5%)
  15. Uzbekistan: $2.4 million (0.4%)
  16. Singapore: $2.4 million (0.4%)
  17. Qatar: $1.5 million (0.3%)
  18. Tajikistan: $559,000 (0.1%)
  19. Bahrain: $449,000 (0.1%)
  20. Oman: $276,000 (0.05%)
  21. Syria: $182,000 (0.03%)
  22. Mongolia: $112,000 (0.02%)
  23. Kyrgyzstan: $51,000 (0.01%)
  24. Israel: $27,000 (0.005%)
  25. Malaysia: $26,000 (0.005%)
  26. Armenia: $20,000 (0.004%)

The value of Ecuador’s exported bananas delivered in Asia increased by 77.5% over the 5-year period starting in 2013 and gained 15.2% from 2016 to 2017.

NA

Buying US$523.8 million worth in 2017, the United States of America consumed 99.8% of Ecuadorean bananas exported to North America as measured in US dollars.

No Ecuadorean bananas were bought by Mexico while the more distant Canada did purchase $920,000 worth of bananas from Ecuador during 2017.

The value of Ecuador’s exported bananas sent to North America increased by 25% over the 5-year period starting in 2013 and improved by 10.8% from 2016 to 2017.

Latin

A total US$224.6 million worth of Ecuador’s bananas were delivered to Latin America (excluding Mexico but including the Caribbean) or 7.4% of Ecuador’s worldwide exported bananas.

Four of Ecuador’s 7 trading partners in Latin America (excluding Mexico but including the Caribbean) imported at least $1 million worth of Ecuadorean bananas in 2017.

  1. Argentina: US$136.7 million (60.9% of Latin American/Caribbean total)
  2. Chile: $76.3 million (34%)
  3. Uruguay: $9.5 million (4.2%)
  4. Colombia: $1.4 million (0.6%)
  5. Panama: $667,000 (0.3%)
  6. Brazil: $34,000 (0.02%)
  7. Peru: $8,000 (0.004%)

The value of Ecuador’s exported bananas sent to Latin America and the Caribbean increased by 31.9% over the 5-year period starting in 2013 encompassing an 18% gain from 2016 to 2017.

Other

Seven countries in Africa imported a total US$22.7 million worth of Ecuadorean exported bananas in 2017.

  1. Algeria: US$7.2 million (31.7% of Africa’s total)
  2. Tunisia: $4.8 million (21.4%)
  3. Morocco: $4.1 million (18.1%)
  4. South Africa: $3.8 million (16.7%)
  5. Egypt: $1.7 million (7.6%)
  6. Libya: $993,000 (4.4%)
  7. Mauritania: $9,000 (0.04%)

The value of Ecuador’s exported bananas sent to Africa declined by -66.6% over the 5-year period starting in 2013 including a -38.7% drop from 2016 to 2017.

Ecuador sold $33.4 million worth of bananas to New Zealand in 2017. The only other Oceanian country to import Ecuadorean bananas was Australia whose purchases totaled $14,000.

The overall value of Ecuador’s bananas exported to Oceania appreciated by 144.6% since 2013 and gained 10% year over year from 2016.



 
See also Ecuador’s Top 10 Exports, Ecuador’s Top 10 Imports, Bananas Exports by Country and Bananas Imports by Country

Research Sources
International Trade Centre, Trade Map. Accessed on August 29, 2018

Wikipedia, Banana. Accessed on August 29, 2018

Wikipedia, Ecuador. Accessed on August 29, 2018