Banana: Regional Sales Exceed $2 Billion

Between January and September 2020, banana exports amounted to $2,079 million, 11% more than what was reported in the same period of 2019, a rise that is explained by the behavior of sales of Honduran, Panamanian, Costa Rican and Guatemalan companies.

Tuesday, March 23, 2021

Export of fresh or dried bananas from Central America Al September 30th, 2020  

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Costa Rica and Guatemala, Main Exporters
From January to September 2020 the main exporter of fresh or dried bananas in Central America was Costa Rica, with $823 million, followed by Guatemala, with $725 million, Honduras, with $418 million, Panama with $106 million and Nicaragua with $17 million.

During the first nine months of 2020, Honduran exports increased 23% year-on-year, Panamanian exports increased 17%, Costa Rican exports increased 9% and Guatemalan exports increased 2%. Nicaragua's foreign sales fell 5%.

Regional Business Increases
Between the first nine months of 2019 and the same period of 2020, the value of banana exports rose 11%, from $1.87 billion to $2.079 billion.

In the case of exports made by the region to the U.S. also grew for the periods in question, going from $1,214 million to $1,358 million.

U.S., Main Buyer
From January to September 2020, 65% of the value exported from Central America was destined for the U.S., 10% for the Netherlands, 4% for the United Kingdom, 3% for Belgium, 3% for Italy, 2% for Germany, 2% for Spain and 1% for Portugal.

The Netherlands is the destination market for Central American exports that has grown the most for the period in question in recent years, since in 2012 it accounted for less than 0.5% of sales and last year that proportion rose to 10%.

Export Price Increases
During 2020, the average price of Central American banana sales abroad has shown a slight upward trend, rising from $0.38 per kilo in January to $0.42 in September.

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Banana: Regional Exports up 14%

December 2020

From January to June 2020, banana exports amounted to 1,403 million, 14% more than what was reported for the same period in 2019, a rise that can be explained by the sales behavior of Honduran, Costa Rican, Panamanian and Guatemalan companies.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

Banana: Business with Italy Grows at 9%

February 2020

In the first nine months of 2019, Central American companies recorded $1.87 billion in banana exports, and sales to Italy grew 9% over the same period in 2018.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]

Bananas: Exports to the Netherlands Up 38%

September 2018

In the first three months of the year, Central American countries registered $625 million in banana sales abroad, and exports to the Netherlands increased by 38% compared to the same period in 2017.

Figures from the information system on the Fresh or Dry Banana Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

Central American Banana Trade Growing

February 2018

From January to September 2017, countries in the region exported $1.92 billion worth of bananas, 9% more than was sold abroad in the same period in 2016.

Figures from the Information System on the fresh or dried banana market in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]

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