Banana Exports from Philippines – Filipino Exporters of Bananas

23 September 2020
Philippines Export Data

Philippines banana exports valued USD 1,930 million in 2019, an increase of about 0.4 million as compared to the previous year. Philippines exported about 4,351,975 tons of bananas in 2019. According to Philippines export data, the country shipped bananas the most to Japan, which recorded share in value of 37%. Philippines stood as the 2nd largest banana exporter in the world. Get a larger picture of Philippines banana export market with Philippines export statistics.


Philippines Banana Exports 2010-2019 (Value-wise)


In terms of value, Philippines banana exports recorded an increase in the value of shipments from 2011 to 2014. Exports of banana from the Philippines declined drastically in 2015, 2016 and 2017. The export value of banana shipments rose in 2018 and 2019. The highest value of banana exports from Philippines and lowest value recorded in 2019 and 2010 respectively. Below given chart and table shows dollar amount of Philippines banana exports in the last 10 years.



Year

Value USD Million

2010

319

2011

471

2012

647

2013

963

2014

1,137

2015

439

2016

618

2017

687

2018

1,504

2019

1,930

 


Philippines Banana Exports 2010-2019 (Quantity-wise)


In terms of quantity, Philippines exported the highest quantity of bananas in 2019 and the lowest quantity in 2016 since the last 10 years. Below given chart and table shows quantity of bananas exported from the Philippines from 2010-2019.


Year

Quantity Tons

2010

1,590,066

2011

2,046771

2012

2,648,399

2013

3,267,968

2014

3,982,044

2015

1,409,931

2016

1,397,451

2017

1,663,430

2018

3,388,832

2019

4,351,975

 


Philippines Top 10 Export Partners of Bananas 2019


According to Philippines trade statistics of bananas, Philippines largest export partner of bananas in 2019 was Japan, with 37% share in value. Philippines’ top 10 export partners of bananas in 2019 accounted for 97.9% to overall value of shipments. Check percentage share of countries.


Country

Value USD %

Japan

37.0

China

33.7

South Korea

13.4

Saudi Arabia

3.4

Iran

3.0

United Arab Emirates

2.9

Hong Kong

1.5

Singapore

1.5

Iraq

0.9

Qatar

0.6

 


Philippines Stood at 2nd Position in World’s Banana Exports


Worldwide banana exports by country totaled an estimated USD 14.7 billion in 2019, up by an average 43.3% for all banana shippers over the five-year period starting in 2015 when bananas shipments were valued at USD 10.2 billion. Ecuador stood as the largest supplier of bananas in the world, with share in value of 22.6%. Philippines was the second largest banana exporter globally with share in value of 13.2% in 2019. The UN Food and Agriculture Organization (FAO) has projected that the Philippines would be the world’s second-largest exporter of bananas in the next nine years. 


Country

Value USD %

Ecuador

22.6

Philippines

13.2

Colombia

11.0

Costa Rica

6.8

Guatemala

6.4

Netherlands

5.4

Belgium

5.3

United States

3.1

Dominican Republic

3.0

Panama

2.6

 


According to market research reports, Philippines banana exports for the first quarter of 2020 grew by 10.71%. As per statement of Pilipino Banana Growers and Exporters Association (PBGEA), Philippines’ banana exports to China declined due to erratic prices in the spot market coupled by the temporary shutdown of the market due to Covid-19 pandemic. Besides Philippines, other banana banana-exporting countries, particularly Ecuador and other Latin American nations, also face trade challenges due to coronavirus.

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