Overview: In 2018, Bananas were the world's 260th most traded product, with a total trade of $14B. Between 2017 and 2018 the exports of Bananas grew by 2.08%, from $13.7B to $14B. Trade in Bananas represent 0.076% of total world trade.
Exports: In 2018 the top exporters of Bananas were Ecuador ($3.37B), Philippines ($1.82B), Guatemala ($1.35B), Costa Rica ($1.22B), and Colombia ($1.05B).
Imports: In 2018 the top importers of Bananas were United States ($2.59B), Germany ($960M), Belgium-Luxembourg ($846M), China ($828M), and Japan ($825M).
Tariffs: In 2018 the average tariff for Bananas was 18.3%, been the 1226 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Bananas are Cyprus (175%), Turkey (145%), Thailand (113%), Taiwan (99.3%), and Belize (76.3%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Oman (0%).
Ranking: Bananas ranks 1003rd in the Product Complexity Index (PCI).