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Biggest Banana Exporters: Global Trade Insights 2025

Bananas are one of the most consumed fruits worldwide, making them a crucial part of the global agricultural trade. The banana export industry is dominated by a few key players, with Ecuador, the Philippines, and Guatemala leading the market. In this article, we will explore the biggest banana exporters, banana HS codes, and banana export data, providing valuable insights for businesses looking to enter the banana export market.

Global Banana Industry Overview

The global banana trade was valued at USD 64.06 billion in 2023 and is expected to grow to USD 76.76 billion by 2030. Latin America and the Caribbean remain the dominant regions in banana exports, leveraging their ideal climate and large-scale farming practices.

Key Drivers of the Banana Market:

Increasing demand for organic and fair-trade bananas.

Expansion of global trade networks.

Advancements in cold storage and transportation.

Growing health consciousness among consumers.

Top Banana Producing Countries

The world produces around 135 million metric tonnes of bananas annually. Below are the top banana-producing countries:

India – 30.5 million tonnes

China – 12.1 million tonnes

Indonesia – 7.2 million tonnes

Brazil – 7.0 million tonnes

Ecuador – 6.5 million tonnes

Philippines – 6.4 million tonnes

Guatemala – 3.9 million tonnes

Colombia – 3.5 million tonnes

Thailand – 3.1 million tonnes

Uganda – 2.8 million tonnes

India is the largest producer of bananas globally but ranks only 9th in banana exports due to high domestic consumption.

Global Banana Export Data

The global banana export market saw a 6.7% increase in value from 2022, reaching $14.4 billion in 2023. Here are the biggest banana exporters:

Ecuador – $3.6 billion

Philippines – $1.2 billion

Costa Rica – $1.2 billion

Guatemala – $0.98 billion

Netherlands – $0.91 billion

Colombia – $0.81 billion

United States – $0.49 billion

Germany – $0.31 billion

India – $0.25 billion

Honduras – $0.23 billion

Ecuador dominates the global banana trade, accounting for nearly 25% of total exports. The primary export destinations include the United States, Russia, and Europe.

HS Code for Banana Exports

Understanding banana HS codes is crucial for international trade compliance:

HS Code 08 – Nuts and Edible Fruit

HS Code 0803 – Fresh or dried bananas, including plantains

HS Code 08039010 – Fresh bananas

These classifications help businesses navigate tariffs and trade regulations more effectively.

Major Banana Exporting Companies

Several multinational companies dominate banana exports:

ChiquitaFyffes (Ireland) – 180 million boxes annually

Dole Food Company (USA) – 160 million boxes annually

Favorita Fruit Company (Ecuador) – 120 million boxes annually

Fresh Del Monte Produce (USA) – 110 million boxes annually

Grupo Noboa S.A. (Ecuador) – 90 million boxes annually

These companies control banana production, logistics, and supply chains, ensuring consistent global availability.

Top Destinations for Banana Exports

The following countries are the biggest importers of bananas:

United States – $2.76 billion

Germany – $1.14 billion

China – $1.08 billion

Japan – $0.96 billion

Netherlands – $0.89 billion

The United States is the largest banana importer, followed by Germany and China. These markets drive global banana demand.

Starting a Banana Export Business

For those looking to enter the banana export business, the following steps are essential:

Register Your Business

Obtain an Import Export Code (IEC).

Register with the Food Safety and Standards Authority of India (FSSAI).

Comply with Documentation

Commercial invoice and packing list.

Phytosanitary Certificate for quality assurance.

Certificate of Origin and Bill of Lading.

Identify Potential Markets

Research demand in Middle Eastern, European, and Asian countries.

Partner with importers, supermarkets, and distributors.

Focus on Quality & Packaging

Maintain export-quality bananas by meeting international standards.

Use appropriate packaging to prevent spoilage during transit.

Connect with Buyers & Suppliers

Platforms like Eximpedia.app provide banana export data, helping businesses connect with global buyers and suppliers.

Final Thoughts

The banana export industry remains a lucrative sector with strong global demand. The biggest banana exporters, including Ecuador, the Philippines, and Guatemala, continue to dominate the market, while India holds significant potential for growth.

With the right market insights, trade data, and compliance knowledge, businesses can successfully enter the banana export market and tap into its immense profitability.

For more insights on banana export by country, HS codes, and trade data, connect with Eximpedia.app today!