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 2016, Ecuador exported US$2.7 billion worth of bananas delivered to 71 countries worldwide. That dollar amount represents a 31.7% increase since 2012 but a -2.8% downtick from 2015 to 2016.

Despite the small year-over-year decline, the latest metrics solidify Ecuador’s position as the leading exporter of bananas ahead of Costa Rica, Belgium, Colombia, Guatemala and the Philippines

From a continental perspective, European countries bought $1.5 billion worth of exported Ecuadorean bananas which equals 55.6% of total import purchases. Asia was a distant second consuming 17.8% of Ecuador’s exported bananas closely followed by North American importers at 17.3%.

Below, you will discover more insights on 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 2016:

  1. Russia: US$568.6 million (20.7% of Ecuador’s exported bananas)
  2. United States: $472.6 million (17.2%)
  3. Germany: $328 million (12%)
  4. Italy: $170.5 million (6.2%)
  5. Argentina: $111.4 million (4.1%)
  6. Turkey: $105.3 million (3.8%)
  7. Belgium: $97.9 million (3.6%)
  8. China: $85.1 million (3.1%)
  9. Japan: $75 million (2.7%)
  10. Saudi Arabia: $72.6 million (2.6%)
  11. Netherlands: $65.9 million (2.4%)
  12. Chile: $63.5 million (2.3%)
  13. Ukraine: $55.1 million (2%)
  14. United Kingdom: $52.5 million (1.9%)
  15. Greece: $45.4 million (1.7%)

The listed 15 countries shipped 86.4% of bananas exported from Ecuador in 2016. 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 2012 are: Argentina (up 821.8%), Saudi Arabia (up 409.8%), China (up 358.7%), Japan (up 339.1%), Germany (up 96.5%) and Greece (up 38.2%).

Three top customers cutback on their Ecuadorean bananas purchases namely Chile (down -44.2%), Belgium (down -26%) and Italy (down -18.5%).

Europe

Twenty-two of Ecuador’s 28 trading partners in Europe purchased at least $1 million worth of Ecuadorean bananas in 2016. The 10 top customers below represent 93.9% of Ecuador’s total bananas exported to Europe.

  1. Russia: US$568.6 million (37.3% of Europe’s total)
  2. Germany: $328 million (21.5%)
  3. Italy: $170.5 million (11.2%)
  4. Belgium: $97.9 million (6.4%)
  5. Netherlands: $65.9 million (4.3%)
  6. Ukraine: $55.1 million (3.6%)
  7. United Kingdom: $52.5 million (3.4%)
  8. Greece: $45.4 million (3.0%)
  9. Slovenia: $24.6 million (1.6%)
  10. Sweden: $21.6 million (1.4%)
  11. Croatia: $18.8 million (1.2%)
  12. Norway: $10.4 million (0.7%)
  13. Bulgaria: $10.3 million (0.7%)
  14. Montenegro: $10.2 million (0.7%)
  15. Poland: $8.6 million (0.6%)
  16. Finland: $8.4 million (0.6%)
  17. Albania: $8.3 million (0.5%)
  18. Lithuania: $5.5 million (0.4%)
  19. Spain: $4 million (0.3%)
  20. France: $2.9 million (0.2%)
  21. Portugal: $2.2 million (0.1%)
  22. Malta: $1.1 million (0.1%)
  23. Cyprus: $945,000 (0.1%)
  24. Romania: $595,000 (0.04%)
  25. Moldova: $570,000 (0.04%)
  26. Ireland: $110,000 (0.01%)
  27. Czech Republic: $26,000 (0.002%)
  28. Denmark: $25,000 (0.002%)

The value of Ecuador’s exported bananas sent to Europe increased by 17.6% over the 5-year period starting in 2012 but depreciated by -0.4% from 2015 to 2016.

Asia

Seventeen of Ecuador’s 26 trading partners in Asia imported at least $1 million worth of Ecuadorean bananas in 2016. The 10 top customers below represent 94.5% of Ecuador’s total bananas exported to Asia.

  1. Turkey: US$105.3 million (21.6% of Asia’s total)
  2. China: $85.1 million (17.5%)
  3. Japan: $75 million (15.4%)
  4. Saudi Arabia: $72.6 million (14.9%)
  5. Kuwait: $31.7 million (6.5%)
  6. Iran: $22.3 million (4.6%)
  7. Iraq: $21.1 million (4.3%)
  8. United Arab Emirates: $19.4 million (4.0%)
  9. Georgia: $14.9 million (3.1%)
  10. South Korea: $13 million (2.7%)
  11. Kazakhstan: $7.6 million (1.6%)
  12. Hong Kong: $5.3 million (1.1%)
  13. Jordan: $4.7 million (1%)
  14. Singapore: $2.4 million (0.5%)
  15. Azerbaijan: $2.1 million (0.4%)
  16. Kyrgyzstan: $2.1 million (0.4%)
  17. Qatar: $1 million (0.2%)
  18. Syria: $800,000 (0.2%)
  19. Uzbekistan: $712,000 (0.1%)
  20. Tajikistan: $180,000 (0.04%)
  21. Oman: $48,000 (0.01%)
  22. India: $33,000 (0.01%)
  23. Mongolia: $18,000 (0.004%)
  24. Armenia: $10,000 (0.002%)
  25. Lebanon: $9,000 (0.002%)
  26. Malaysia: $2,000 (0.0004%)

The value of Ecuador’s exported bananas delivered in Asia increased by 31.7% over the 5-year period starting in 2012 but depreciated by -2.8% from 2015 to 2016.

NA

At US$472.6 million in 2016, the United States of America accounted for 99.8% of Ecuadorean bananas exported to North America.

No Ecuadorean bananas were bought by Mexico while the more distant Canada did purchase $907,000 worth of bananas directly from Ecuador during 2016.

The value of Ecuador’s exported bananas sent to North America increased by 25.% over the 5-year period starting in 2012 but depreciated by -1.7% from 2015 to 2016.

Latin

A total US$190.4 million worth of Ecuador’s bananas were delivered to Latin America (excluding Mexico but including the Caribbean) or 6.9% of Ecuador’s overall exported bananas.

Four of Ecuador’s 26 trading partners in Latin America (excluding Mexico but including the Caribbean) imported at least $1 million worth of Ecuadorean bananas in 2016.

  1. Argentina: US$111.4 million (58.5% of Latin America/Caribbean’s total)
  2. Chile: $63.5 million (33.4%)
  3. Uruguay: $10.9 million (5.7%)
  4. Colombia: $4.3 million (2.3%)
  5. Dominican Republic: $146,000 (0.1%)
  6. Panama: $95,000 (0.05%)

The value of Ecuador’s exported bananas sent to Latin America and the Caribbean increased by 43.6% over the 5-year period starting in 2012 encompassing a 5.7% gain from 2015 to 2016.

Other

Six countries in Africa imported a total US$37 million worth of Ecuadorean exported bananas in 2016.

  1. Algeria: US$11.8 million (31.9% of Africa’s total)
  2. Tunisia: $10.5 million (28.3%)
  3. Egypt: $9.2 million (24.9%)
  4. Morocco: $4 million (10.9%)
  5. South Africa: $1.3 million (3.5%)
  6. Libya: $218,000 (0.6%)

The value of Ecuador’s exported bananas sent to Africa declined by -54.1% over the 5-year period starting in 2012 including a -38.6% drop from 2015 to 2016.

Ecuador sold $30.4 million worth of bananas to New Zealand in 2016. The only other Oceanian country to import Ecuadorean bananas was Australia whose purchases amounted to just $2,000.

The overall value of Ecuador’s bananas exported to Oceania appreciated by 194.8% since 2012 and gained 17.2% year over year starting from 2015.



 
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 November 8, 2017

Wikipedia, Banana. Accessed on November 8, 2017

Wikipedia, Ecuador. Accessed on November 8, 2017